All about T/T
Post 1 of 6
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Please i will like to know detail about payment terms using t/t because that is just what some buyers are bagainging on. may i know the risk and security in it to a seller and buyer?
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21 Sep 2006 02:36
Post 2 of 6
Replying to [bebe]:
T.T would be done in case of small orders or when the buyer can trust on seller 100%..... If you are in doubt and cannot open L/C, please pay 30% at first and after getting the copy of shipping dox (specially B/L) you can trust on and pay another 70%.....
T.T would be done in case of small orders or when the buyer can trust on seller 100%..... If you are in doubt and cannot open L/C, please pay 30% at first and after getting the copy of shipping dox (specially B/L) you can trust on and pay another 70%.....
12 Nov 2006 00:37
Post 3 of 6
Replying to [bebe]:
T/T means
telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use.
T/T payment in advance is usually used when the sample and small quantity shipments are transported by air. The reason why is that the documents like air waybill, commercial invoice and packing list will be sent to you along with the shipment by the same plane. As soon as the shipment arrives, you can clear the customs and pick up the goods with the documents. As it's acknowledged, T/T payment in advance presents risk to the importer if the supplier is not an honest one.
For us, T/T advance payment is required for some high-value samples (see our samples ordering policy) and small quantity order shipped by air.
To the customers who have long-standing business relationships with us, we send free samples; and for the small quantity order, document against payment is used.
It takes 3-4 days for us to received the wire transfer made from anywhere in the world.
COPY FROM WEB
and you can try the next link
http://resources.alibaba.com/topic/18241/T_T_Payment_made_to_individuals_account.htm?message=60377
Mohamad Alkady
T/T means
telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use.
T/T payment in advance is usually used when the sample and small quantity shipments are transported by air. The reason why is that the documents like air waybill, commercial invoice and packing list will be sent to you along with the shipment by the same plane. As soon as the shipment arrives, you can clear the customs and pick up the goods with the documents. As it's acknowledged, T/T payment in advance presents risk to the importer if the supplier is not an honest one.
For us, T/T advance payment is required for some high-value samples (see our samples ordering policy) and small quantity order shipped by air.
To the customers who have long-standing business relationships with us, we send free samples; and for the small quantity order, document against payment is used.
It takes 3-4 days for us to received the wire transfer made from anywhere in the world.
COPY FROM WEB
and you can try the next link
http://resources.alibaba.com/topic/18241/T_T_Payment_made_to_individuals_account.htm?message=60377
Mohamad Alkady
12 Nov 2006 11:33
Post 4 of 6
Replying to [bebe]:
but at the first deal . I prefer L/C
but at the first deal . I prefer L/C
12 Nov 2006 11:35
Post 5 of 6
Replying to [bebe]: Dear Friends
we are a new exporters about flooring in Turkey. we had deal with buyer from UK about 10 container. After i send them proforma invoice they send me approval letter. and then send me bank slip (i think it is wire transfer) they told me that we made %50 payment. But they ask me to go there to sign the money. they say me that their bank request this. is it normal? i really dont know anywthing about this. please help me. and indicate me that what should i do? what should i take with me if i go there to sign?(i mean about company) etc.. i look forward to hearing from you.
we are a new exporters about flooring in Turkey. we had deal with buyer from UK about 10 container. After i send them proforma invoice they send me approval letter. and then send me bank slip (i think it is wire transfer) they told me that we made %50 payment. But they ask me to go there to sign the money. they say me that their bank request this. is it normal? i really dont know anywthing about this. please help me. and indicate me that what should i do? what should i take with me if i go there to sign?(i mean about company) etc.. i look forward to hearing from you.
16 Jan 2007 15:17
Post 6 of 6
Replying to [Erolparke]:
Dear Erolparke,
Go to your bank and collect the funds against a receipt which your bank will have to send it to the bank of your buyers as the buyer has instructed their own bank to claim a receipt. This receipt is a proof of that your buyer has made some partial payment for the deal and prevents you to claim the full invoice amount after the shipment.
Good luck with your business
Yarenimex
Dear Erolparke,
Go to your bank and collect the funds against a receipt which your bank will have to send it to the bank of your buyers as the buyer has instructed their own bank to claim a receipt. This receipt is a proof of that your buyer has made some partial payment for the deal and prevents you to claim the full invoice amount after the shipment.
Good luck with your business
Yarenimex
17 Jan 2007 07:39
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