T/T or L/C, Which do you prefer?
Post 63 of 81
Replying to [Catalyst]: I AGREE WHAT YOU SAY BUT IF I SEE IT FROM PRACTICAL VIEW POINT OF DOING BUSINESS THEN BOTH ARE COMPARABLE.
ACTUALLY PEOPLE WORLD OVER DOESNOT COMPARE TT AND LC ,THEY COMPARE PAYMENT MODE FOR MAKING PAYMENT TO SUPPLIER. OF GOODS FROM SUPPLIER VIEW POINT.
IF YOU COMPARE LC AND TT AS PAYMENT MODE THEN I THINK TT IS GOOD FROM SUPPLIER VIEW POINT AND LC IS GOOD FROM BUYER VIEW POINT.
I THINK IT SAYS ALL
AS A SUPPLIER YOU WANT THE PAYMENT TO COME FAST WHICH IS NOT POSSIBLE WITH LC AND ALSO YOU DON'T WANT TO TAKE THE RISK ASSOCIATED WITH LC.
NO MATTER BILLIONS OF DOLLAR TRADE IS DONE ON LC STILL IT IS A DOCUMENT WHICH HAS ITS DISADVANTGES.
SIMILARLY AS A BUYER YOU DO'T WANT TO MAKE PAYMENT WITHOUT ANY ASSURANCE THAT YOU WILL GET THE GOODS AS PER YOUR SPECIFICATIONS ONCE YOU MAKE THE PAYMENT.
SO TECHNICALLY SPEAKING TT AND LC ARE TWO DIFFERENT THINGS ALTOGETHER LIKE EAST AND WEST BUT THE MOMENT ANYONE COMPARE THEM FROM VIEW POINT PAYMENT MODE, THEY BECOME COMPARABLE.
MANY SUPPLIERS ASK FOR THE CLAUSE IN LC WHICH SAYS REIMBURSEMENT ALLOWED BY TT, SO CLEARLY THERE ARE TWO DIFFERENT THINGS,
ONE IS A SIMPLE PAYMENT MODE LIKE CHEQUE OR DEMAND DRAFT AND OTHER IS A CONDITION ON WHICH BILLION OF DOLLARS TRADE IS DONE DAY AND NIGHT.
ACTUALLY PEOPLE WORLD OVER DOESNOT COMPARE TT AND LC ,THEY COMPARE PAYMENT MODE FOR MAKING PAYMENT TO SUPPLIER. OF GOODS FROM SUPPLIER VIEW POINT.
IF YOU COMPARE LC AND TT AS PAYMENT MODE THEN I THINK TT IS GOOD FROM SUPPLIER VIEW POINT AND LC IS GOOD FROM BUYER VIEW POINT.
I THINK IT SAYS ALL
AS A SUPPLIER YOU WANT THE PAYMENT TO COME FAST WHICH IS NOT POSSIBLE WITH LC AND ALSO YOU DON'T WANT TO TAKE THE RISK ASSOCIATED WITH LC.
NO MATTER BILLIONS OF DOLLAR TRADE IS DONE ON LC STILL IT IS A DOCUMENT WHICH HAS ITS DISADVANTGES.
SIMILARLY AS A BUYER YOU DO'T WANT TO MAKE PAYMENT WITHOUT ANY ASSURANCE THAT YOU WILL GET THE GOODS AS PER YOUR SPECIFICATIONS ONCE YOU MAKE THE PAYMENT.
SO TECHNICALLY SPEAKING TT AND LC ARE TWO DIFFERENT THINGS ALTOGETHER LIKE EAST AND WEST BUT THE MOMENT ANYONE COMPARE THEM FROM VIEW POINT PAYMENT MODE, THEY BECOME COMPARABLE.
MANY SUPPLIERS ASK FOR THE CLAUSE IN LC WHICH SAYS REIMBURSEMENT ALLOWED BY TT, SO CLEARLY THERE ARE TWO DIFFERENT THINGS,
ONE IS A SIMPLE PAYMENT MODE LIKE CHEQUE OR DEMAND DRAFT AND OTHER IS A CONDITION ON WHICH BILLION OF DOLLARS TRADE IS DONE DAY AND NIGHT.
28 Jan 2008 07:15
Post 64 of 81
Replying to [ALPINE]: I am in complete agreement with you in (almost) all the areas in your posting.
28 Jan 2008 18:28
Post 66 of 81
Replying to [percy clement]:
So when do you want to send your TT? Before you receive the goods or after? If 'after', would your seller agree?
here we go round the Mulberry bush...!!!!![[em3]](http://img.alibaba.com/images/eng/style/icon/emoticons_grin.gif)
So when do you want to send your TT? Before you receive the goods or after? If 'after', would your seller agree?
here we go round the Mulberry bush...!!!!
10 Feb 2008 22:25
Post 68 of 81
Replying to [Catalyst]:
I have to say ,your words made me more clear about TTand LC
Thanks
I have to say ,your words made me more clear about TTand LC
Thanks
15 Feb 2008 00:45
Post 69 of 81
Replying to [Admin]:Regarding T/T, it is usually paymant in advance like 30 %deposit and the balance upon shipment. There is a possibility that the supplier may not ship the goods at all.
For L/C , if the supplier does NOT ship, he will not get any payment form the bank.
On the safe side, better use L/C. If regular and trustworthy supplier you may use T/T
For L/C , if the supplier does NOT ship, he will not get any payment form the bank.
On the safe side, better use L/C. If regular and trustworthy supplier you may use T/T
15 Feb 2008 04:42
Post 70 of 81
Replying to [waterpurifying chemical supplier]:
WoW! What did I do to deserve that compliment?![[em12]](http://img.alibaba.com/images/eng/style/icon/emoticons_surprised.gif)
Thanks, anyway!![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif)
WoW! What did I do to deserve that compliment?
Thanks, anyway!
19 Feb 2008 04:56
