Quoting form [umbuwalagi]:
I need some advice,a new client of mine wants me to send him a container of my product as against TT payment,we agreed that when I send the product and send him photocopies of shipping Docs he will release 100% of my payment then I can send him the originalsof the shipping docs,is this a safe practice.Urgent reply wanted.
I am new to this business. What is the meaning of t/t payment?
I need some advice on importing electronics, especially PSP system/ portable playstation by SONY. What kind of authorization I need to get from Sony to be able to resell their product and comply with the Trademark laws? Also, I am interested in other electronics products, what should I look for? documentations and conpliance with FCC/FDA rules etc....
T/T mean telegraphic transfer
However, I think buyer will have problem to trust seller by using T/T. The best procedure is using either L/C or escrow.
L/C = Letter of Credit. Work same as escrow, but may be more secure. Ask your local bank, they will provide the service. =)