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safe payment method
Post 1 of 4

some one plase give me some clear concept of payment method in T/T & L/C.

 

please inform me which kind of L/C is safe for exporter point of view. thanks

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    10 Aug 2008 09:54
    Post 2 of 4
    huyidao
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    Overall Ranking MVP:946 Rank:236
    Quoting from [hqlp]:

    some one plase give me some clear concept of payment method in T/T & L/C.

    please inform me which kind of L/C is safe for exporter point of view. thanks

    it would be the most common and acceptable one : L/C at sight

    10 Aug 2008 23:25
    Post 3 of 4
    Quoting from [hqlp]:

    some one plase give me some clear concept of payment method in T/T & L/C.

     

    please inform me which kind of L/C is safe for exporter point of view. thanks



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    Me Tech Supply
    ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos... More

    06 Oct 2008 20:27
    Post 4 of 4
    rahmanhakim Moderator
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    Quoting from [hqlp]:

    some one plase give me some clear concept of payment method in T/T & L/C.

     

    please inform me which kind of L/C is safe for exporter point of view. thanks



    T/T = telegraphic Transfer is the way money remit form sender to receiver by using telegraphic tools (cable/wire/telex/ or Swift).

    LC = tends method or payment and guarantee, it is guarantee for banks to pay seller as instructed and on behalf of buyer.

    safe LC for Exporter is Irrevocable Red Clause Sight Confirmed Letter of Credit and Claim reimbursement allowed .

    Rgds

    06 Oct 2008 23:33
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