help to define key terms T/T, L/C
Post 1 of 7
I am new on this page and in general on the business, so I received a quotation and I have some terms or word that I don`t undestand, like: T/T, L/C, QTY/40HQ??
example:
Payment Terms: T/T with 30% advance payment or L/C at sight
Delivery Time: In 30 days receiving the deposit or original L/C
Minimum Order: One 40 HQ
thank you
example:
Payment Terms: T/T with 30% advance payment or L/C at sight
Delivery Time: In 30 days receiving the deposit or original L/C
Minimum Order: One 40 HQ
thank you
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12 Oct 2007 23:14
Post 2 of 7
T/T: Telegraphic Transfer; This means to wire the money through your bank into another bank account in a different country. The term is very old in it's origins that is why many people are confused in it's usage.
L/C: Letter of Credit; This is an instrument that you can purchase at your bank and it assures to your client that you have the money for them.
L/C at sight; Letter of Credit at sight; Means that you will release the money once you inspected the merchandise you bought.
QTY: Quantity
QTY/40Ft: Quantity on a 40 Ft container
L/C: Letter of Credit; This is an instrument that you can purchase at your bank and it assures to your client that you have the money for them.
L/C at sight; Letter of Credit at sight; Means that you will release the money once you inspected the merchandise you bought.
QTY: Quantity
QTY/40Ft: Quantity on a 40 Ft container
26 Oct 2007 06:19
Post 3 of 7
Quoting from [sabrino]:
I am new on this page and in general on the business, so I received a quotation and I have some terms or word that I don`t undestand, like: T/T, L/C, QTY/40HQ??
example:
Payment Terms: T/T with 30% advance payment or L/C at sight
Delivery Time: In 30 days receiving the deposit or original L/C
Minimum Order: One 40 HQ
thank you
Please go to EVERY TRADE TERM (FOB, CIF, L/C, etc.) and you get all your answers from this link.good luck
02 Nov 2007 16:05
Post 4 of 7
Quoting from [sabrino]:
I am new on this page and in general on the business, so I received a quotation and I have some terms or word that I don`t undestand, like: T/T, L/C, QTY/40HQ??
example:
Payment Terms: T/T with 30% advance payment or L/C at sight
Delivery Time: In 30 days receiving the deposit or original L/C
Minimum Order: One 40 HQ
thank you
09 Jun 2008 01:00
Post 5 of 7
Quoting from [sabrino]:
I am new on this page and in general on the business, so I received a quotation and I have some terms or word that I don`t undestand, like: T/T, L/C, QTY/40HQ??
example:
Payment Terms: T/T with 100% what means
thank you
21 Jan 2009 01:38
![[em18]](http://img.alibaba.com/images/eng/style/icon/emoticons_deal.gif){kind=icon}
Post 7 of 7
Dear Sir/ Madam,
I hope you and business are both doing well.
ByTrade.com is an online B2B trade platform, where you can search or post information for your products or promote your companies. It provides most online up to date information such as sell offers, buy offers, products list, company profiles etc. It is just a business marketplace for buyers and sellers to meet together and find the right business partners.
Welcome to bytrade.com and have nice business. I think that it will help succeed.
![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif)
I hope you and business are both doing well.
ByTrade.com is an online B2B trade platform, where you can search or post information for your products or promote your companies. It provides most online up to date information such as sell offers, buy offers, products list, company profiles etc. It is just a business marketplace for buyers and sellers to meet together and find the right business partners.
Welcome to bytrade.com and have nice business. I think that it will help succeed.
03 Nov 2009 18:55
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