Ever since financial crisis, everything become uncertain.

Regarding to payment term, 30% TT and balance against copy of B/L should be safe.

But everything is changed amid financial crisis.

I have an order from one turkey client worth $200,000 with $60,000 as deposit.

But I am not sure if it is safe to firm at such payment term.

Anyone has experience?

Dear Fredhl,
It is true that uncertainty does prevail in business deals the world over, moreso in terms of payments. But, that should not prevent us from shying away but should embolden us to confront it initiating proper precautionery measures. You can always insist for a sight LC for the balance payment of USD 140K from banks like Türkiye Cumhuriyeti Ziraat Bankasi A.S., Türkiye Is Bankasi A.S., Akbank T.A.S., Türkiye Garanti Bankasi A.S., (adding confirmation in China may be necessary despite some charges) or international banks like Citi Bank, HSBC etc.
Wish you the best.
-S.Baskaran, Chennai, India

correction in second line....
Delete : " from shying "
Replace : " and shy "

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If you want me to check your clients registration I can do that for you as I am alsa a Turkish Company, but to solve your problem my sugestion is to work with sight IRLC, this will guarantee your payment, and as my friend told, dont be shy, business i going on, if you confident with your customers verification so go ahead and dont lose them. Regards Emre emre@esarti.com.tr

I think you should feel free to trade under L/C conditions by the banks a guy told above. I work with our suppliers at Chinese and far east countries already by L/C. Sometimes we work over USD 200.000 without any prepayment. I don't like this term, to confess, but works pretty good. First of all, you should firm at your own bank. If you can, I don't think that there would be any problem.