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Payment term
Post 1 of 22
What are the best way of payment for your client who buys your consumer electronic products in large quantity, apart from "TT, deposit in advance+balance paid before delivery?"
28 Jun 2009 09:39
Post 2 of 22
Elisha
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Agreed with aseky for the irrevocable L/C at sight. But if you cannot do L/C and your company have only T/T then it will be a problem. Most of the time big company does not do T/T due to their company's policy of risk control. I think the most that they can accept is probably 30% upfront and 70% after delivery, and you are talking about large amount here so I guess if you don't know your buyer very well then it will be quite risky.
06 Nov 2009 19:15
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