learn

as a newer ,I can learn much form this forum

the best way is TT,but usually we chose LC.

Reply #14 hayten's post

we usually use T/T,30%deposit ,and 70%balance against the copy of B/L
j:M7M2]N6sRV3H i am very agree with 14st.

almost T/T

I agree with you

Reply #1 mico1020's post

But the cost of L/C is high?I think L/C is safer for the seller,at least,the book said that is right.

i am on the way .R @ `;z.w)yi`)Q$M

O"~ u Bn
v olso , i will follow you above.

we aslo do both T/T and L/C . But if the L/C from Iran you must be careful.

If we could get the payment before shipment will be better , But it is hard for the customer to accept

we use L/C above ＄ 1milliom

we mostly use TT,30%advanced,the balanced against copy of b/l

we use T/T, because T/T is good for us . L/C also accept if the big order .

30%T/T in advance,the balance before shipment

T/T, mostly 30% deposit before mass production and the balance against copy of B/L.

T/T is frist choice

which payment term do you usually use?

We usualy use Letter of Credit.Mostly is L/C at sight.We normally prefer irrevocable LC.LC cofirmation is mostly done on opening banks status.

I prefer T/T in advance.  Seldom using L/C as the payment term.

most of the time we accept TT ,sometimes L/C and DP

30% AS ADVANCE PAYMENT ,70% AS D/P !

Our payment term is T/T, 30% deposit and balance paid before delivery.

For new customers,we  use full T/T before shipment.For old customers,we accept L/C.

100% T/T in advance if the total amount is not too big. While L/C at sight is accpeted some time.

I  am also agree with T/T in advace ,:lol :lol :lol

Both T/T and L/C

1.30%T/T, The balance L/C.:u
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2.30%T/T in advance, 40% after shipment, the balance D/P.:lol :lol :lol

Our industry is something about printing and colors. In general practice, our payment term is that 50% down payment when confirm the orders. Then, we will send a small quantity of the final products to the customer to push them arrange the payment for the balance of the goods. As we print the brochures with the customers' design and their logo, so there is no use to hold their materails , moreover, it is impossible to resale the goods to other customers. They don't worry while they got this point. In this case, it is easier to ask the customer to pay by T/T. There is 50% risk for both of us! hahaha!:lol;c8\2P!lC+BH
On the other hand, we accept irrevocable L/C at sight as well. Frankly speaking, both customers and I think it is troublesome and it will increase the costs definitely.
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que\'G [[i] Last edited by 11yiyi at 2009-1-8 17:23 [/i]]