1.What's the payment term?

1.What's the payment term?

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:

  • ‌Currency‌: USD/EUR/CNY accepted; confirm exchange rates with your bank.
  • ‌Timeline‌: LC processing takes 3-5 banking days; plan accordingly to avoid delays.
  • ‌Alternatives‌: PayPal/Wire Transfer for samples (<$5,000); escrow services negotiable.

    • 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!