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Here, Tradeindia's members can exchange ideas and ask for help on trade-related issues. To participate, you must be a member of Tradeindia.com. We have assigned moderators to facilitate these discussions.
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Posted on 30 June 2009 at 18:57:00 |
Mr. Jayantilal A. Panchal
Proprietor
CHEHARKRUPA ENGINEERS
Ahmedabad, India
Free Member
Joined :02/02/2009
No of Topics Posted : 2
Reply/Comments : 0
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TOPIC : Terms of Payment
Q.1 Which is the best and safest Terms of Payment for country like China, Whether L/C or T/T ?
Q.2 What term means " Payment by L/C before shipment date"?
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Posted on 19 March 2010 at 11:36:00 [Message #2611
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Mrs. ALyssa Yue
sales representitive
TECHWIN (CHINA) INDUSTRY CO., LTD.
Hangzhou, China
Free Member
Joined :03/12/2010
No of Topics Posted : 0
Reply/Comments : 3
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Re: Terms of Payment
The best term of payment is TT,is fast and simple.
"payment by L/C before shipment date" means before shipping,the buyer should pay the amount according to L/C.
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Posted on 19 March 2010 at 19:01:00 [Message #2612
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MR. ANKIT JAIN
proprietor
ANKIT FOOD PRODUCTS
Delhi, India
Free Member
Joined :06/13/2007
No of Topics Posted : 12
Reply/Comments : 21
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Re: Terms of Payment
Regarding Safest and best payment term is L/c.
As per my knowledge, the payment by L/C before shipment date means payment will be released by your bank before shipment but the seller will receive the payment after submitting the documents to his bank.
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