China machines payments options

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China machines payments options

Under 15,000 $ payments only by TT

1) TT payment / SWIFT payments
a) First order
- 60% when the order is done
- 40% balance before shipping against cargo receipt issued by the shipping line.

b) Following orders
- 50% when the order is done
- 50% balance before shipping against cargo receipt issued by the shipping line.

2) LC
a) Up to 20,000 US$ FOB orders
LC 
100% in English at sight, irrevocable and confirmed by a first rank bank
All banking charges and commissions, including confirmation and amendments charges of the issuing bank's and third-party bank(s), confirmation bank if any and seller's bank are on the buyer's account.
All
discrepancies rectifications etc are on the buyer's account.
Nota: if no
amendments and discrepancies Chinese bank fees are about 300 US$.

b) Over 20,000 US$ FOB orders
LC 
100% in English at sight, irrevocable and confirmed by a first rank bank
All banking charges and commissions, including confirmation and amendments charges of the issuing bank's and third-party bank(s) and confirmation bank if any are on the buyer's account.
All
discrepancies rectifications if any are on the buyer's account.

Important to save your time and money

Rules for L/C payments and to provide you the exact documents you need

Rules for TT payments and to provide you the exact documents you need

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