1.What's the payment term?
To facilitate smooth transactions, our company offers flexible and secure payment options tailored to international trade practices:
Standard Terms (T/T):
- 30% Deposit: Paid upfront before production begins, ensuring commitment and covering initial costs.
- 70% Balance: Due before shipment, verified via proforma invoice. Funds must clear for cargo release.
Letter of Credit (LC at Sight):
- Process: Buyer’s bank guarantees payment upon submission of shipping documents (B/L, invoice, etc.).
- Advantages: Reduces risk for both parties; ideal for new partnerships or high-value orders.
Additional Notes:
We prioritize transparency—all terms are stated in contracts with no hidden fees. For hybrid solutions (e.g., partial LC + T/T), consult our finance team.
(Tip: Opt for LC when dealing with volatile markets to mitigate currency/payment risks.)
This clarifies payment workflows while addressing common client concerns. Need industry-specific terms (e.g., milestone payments for OEM projects)? Let me know!