T/T or L/C, Which do you prefer?
Post 52 of 81
Replying to [Admin]: My hunch is that T/T is the best
Post 53 of 81
Replying to [Admin]:
hello...
i thankfull to you that you remembering me .. so i need one job in your orgnization so please help me for tihs because i am a responsible of me family i need very much one job. Kindly send me your answer.
imran noor
Post 54 of 81
Replying to [Admin]:I prefer L/C . because there is minimum risk in L/C
Post 55 of 81
Replying to [noor_77]:Hello dear your try best honestly. honesty is best policy
Post 56 of 81
L/C is preferrable to me compared with T/T. As under L/C, we can easily get some loan from negotiation bank here for our financing purpose; Second, we get a 100% L/C-issuing bank's guarantee that we will receive the proceeds from negotiation of an L/C only if we submit to bank all documents required for the L/C, It in L/C-issuing bank or reimbursement instead of L/C applicant or buyer at the first position to take responsibility for payment.
But for business with African countries, Middle-east and South-American countries, we think we had better have an confirmed L/C or 100% by T/T in advance.
L/C shall imperatively involve some bank charges , but so far it remains the most safe terms of payment in international trade. We only accept T/T with our old customers.
Halleylin
www.bamboohm.com
Post 57 of 81
It's foolish It's simple!
Post 58 of 81
Replying to [Admin]: i prefer T/T for the speed . but L/C is more safer for the seller ., and L/C is more complicated .
It's really a big problem.
Post 59 of 81
Replying to [Catalyst]:
You're absolutely correct. i don't know when they'll understand the deference between T/T and L/C.
Post 60 of 81
Replying to [Admin]: THE TT PAYMENT IS GOOD FROM SUPLIER VIEW POINT AND LC PAYMENT IS GOOD FROM BUYER VIEW POINT.
I THINK IT SAYS ALL
Post 61 of 81
Replying to [itibd]: DEAR FRIEND
IN MY VIEW THE TT AND LC ARE DIFFERENT TECHNICALL SPEAKING BUT IN ALL PRACTICAL ASPECTS THEY ARE TWO WAYS OF DOIG INTERNATIONAL BUSINESS AND HENCE ARE COMPARABLE.
IN A SINGLE LINE TT IS GOOD FROM SUPPLIER VIEW POINT AND LC IS GOOD FROM BUYER VIEW POINT.