What is your payment terms?
- Share
- Issue Time
- Nov 23,2021
Our most commonly used payment term is a 30% T/T (Telegraphic Transfer) deposit at the time of order confirmation, with the remaining 70% balance paid before shipment. This term offers a balanced approach that benefits both parties and ensures a secure transaction.
We also accept B/L at sight as a payment method for certain transactions. This is often used in international trade and provides an additional layer of security for the buyer.
Another payment term we accept is the Letter of Credit (L/C). This is a more formal payment mechanism, often used in international trade. It is a secure and widely recognized way of making payments.
Finally, we offer Open Account (OA) payment terms for our VIP customers. Open Account payment is the most flexible and advantageous payment method we provide, and it is extended only to long-term customers who meet our criteria.
We understand that different customers have different needs when it comes to payment terms, and we are committed to providing flexible options that work for both parties. Our standard payment terms, such as the 30% deposit and 70% balance, provide security and a straightforward method of transaction. For larger or more complex transactions, we offer B/L at sight and Letter of Credit options, which provide additional layers of protection. Lastly, for our long-term, high-value customers, we offer the highly flexible Open Account payment terms, strengthening our relationship and allowing for smoother transactions.
Should you have any further questions or need clarification on any of our payment terms, please feel free to reach out. We look forward to continuing our partnership and ensuring that our payment process aligns with your business needs.