Terms of payment

Forums Index > Payment Modes & Finance Issues > Terms of Payment

TOPIC : Terms of Payment

Posted on 30 June 2009 at 18:57:00

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"?

Mr Jayantilal A Panchal

CHEHARKRUPA ENGINEERS

Proprietor, CHEHARKRUPA ENGINEERS
Ahmedabad, India

Free Member, Joined :02/02/2009
No of Topics Posted : 2
Reply/Comments : 0

Re: Terms of Payment

Posted on 19 March 2010 at 11:36:00 [Message #2611 ]

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.

Mrs. ALyssa Yue

Techwin (China) Industry Co., Ltd.

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

Posted on 19 March 2010 at 19:01:00 [Message #2612 ]

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.

MR. ANKIT JAIN

ANKIT FOOD PRODUCTS

Proprietor, ANKIT FOOD PRODUCTS
Delhi, India

Free Member, Joined :06/13/2007
No of Topics Posted : 12
Reply/Comments : 20

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