what's the payment terms the indian businessman always used?
Post 1 of 5
we deal with wire mesh products.have business with indian businessman .i meet an indian businessman somedays before,he agree with the price,but they don't pay for by L/C ,insist of using D/P or D/A,the reason he told me is the fees of opening the L/C so higher through their local banking,i dont know it's ture or not.do you know?thanks
regards
Lily
![[em24]](http://img.alibaba.com/images/eng/style/icon/emoticons_thinking.gif)
regards
Lily
08 Dec 2006 17:07
Post 2 of 5
Quoting from [jixing01]:
we deal with wire mesh products.have business with indian businessman .i meet an indian businessman somedays before,he agree with the price,but they don't pay for by L/C ,insist of using D/P or D/A,the reason he told me is the fees of opening the L/C so higher through their local banking,i dont know it's ture or not.do you know?thanks
regards
Lily
Is no problem for indians to pay using LC.
11 Dec 2006 00:28
Post 3 of 5
Replying to [jixing01]:Opening L/C in any part of the world is costly and its applicable in India as well.
11 Dec 2006 05:19
Post 4 of 5
Replying to [jixing01]:If you are any Chinese client maybe then the person you meet with denied of L/c or else they would never deny for L/c.
18 Dec 2006 00:40
Post 5 of 5
Replying to [jixing01]:
Yes opening a L/C is a expensive thing and they have to meet a number of formalities and moreover he might b busy to get all these things done,,,,so as to save the time he might have requested for D/A ..D/P![[em7]](http://img.alibaba.com/images/eng/style/icon/emoticons_shy.gif)
Yes opening a L/C is a expensive thing and they have to meet a number of formalities and moreover he might b busy to get all these things done,,,,so as to save the time he might have requested for D/A ..D/P
21 Dec 2006 22:42
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