1) All transactions shall be governed by the Institute of Translation and Interpreting's Recommended Model General Terms of Business for Commissioned Translation Work in the version found here expect as specified below, or otherwise agreed.
2) The following shall be appended to Paragraph 2 of Clause 10: 'Additional compensation of at least £40 for each overdue payment may also be charged, at the Translator's discretion, in accordance with the provisions of Section 5A of the Late Payment of Commercial Debts (Interest) Act 1998, as amended by the Late Payment of Commercial Debts Regulations 2002, the Late Payment of Commercial Debts Regulations 2013 and the Late Payment of Commercial Debts (No.2) Regulations 2013, and of European Directives 2000/35/EC and 2011/7/EU.'
3) First-time customers may be asked to pay up to 100% in advance depending on the project size, by one of the methods shown below. Regular customers will be sent an invoice by e-mail and must pay by the end of the next month otherwise agreed in writing, subject to interest & other penalties if late as defined in the preceding two clauses.
4) Payment may be made by any of the following method.