FOB Business Forum » Basics of Import-Export » L/C 90 days,customer from India,the frist order,Ok?
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2007-6-26 10:39 lifelover
L/C 90 days,customer from India,the frist order,Ok?

Hello,everybody?
VW'ND)i&Y3] I have a question,pls tell me what should i do?
2~_~S S I have a customer from India. He visited our company before. But this is the first order between us. He said the payment should be L/C 90 days.He also said that this is the basis of our cooperation and they all can only accept L/C **days in india.We have never done business with that before.But If refuse,I'll lose any chance to cooperation with him.:( What should I do?s'p1Q5S)e KC
Thank you in advance.:)

2007-6-26 12:27 mico1020
Due to the bad reputation of customers from that country, you can not accept such clause,T G9F@*~O6T;Vi
T/T in advance or L/C at sight will be OK.

2007-6-26 14:36 music0
i agree Mico's opinion

2007-6-26 14:49 zzf0903
you'd better not accept L/C 90 days, not only because it's too risky, but also because it'll "take up" some of your company capital

2007-6-26 16:21 306maggie
I think L/C at sight is OK.Their country accepts the L/C at sight,not as he said only L/C **days.

2007-6-26 22:19 Sanro
you better not accept 90daysl/c, because they have bad reputation from india. :@

2007-6-27 15:32 keke2002
long period of this ,advising you donnot accept it.

2007-6-27 15:32 keke2002
support 306maggie

2007-6-27 16:46 sueartstar
Of course not.

2007-7-3 14:24 peonywang
for first cooperation customer, L/C 90 days is not acceptable,z m9m'Z$]CY

f&nj_;na{ as i know, maybe india goverment control the foreign exchange, our customer usually pay most from HK, little are by D/P for custom clean. However, we are longterm copperation customer, we work as their buying office.

2007-7-4 13:40 skyfly
first is same as above K7^,T L%z
second, we must take the exchange rate into consideration too.

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