FOB Business Forum » Basics of Import-Export » which payment term do you usually use?
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2007-8-28 09:01 mico1020
which payment term do you usually use?

We use T/T mostly. I think we will use L/C one day if the total amount become bigger and bigger.

2007-8-28 09:09 miaoxinping
the same to us.Y!S8k,ciD:j*^w,h
when we use T/T,we accept 30% prepaid,then balanced against of the copy of B/L

2007-8-28 09:10 miaoxinping
yes,when the amount is big,we use L/C

2007-8-28 10:20 xuhao1109
We always do 100%L/C at sight, some time do 100% T/T in advance when the amount less then $10000, we never accept the other payment terms

2007-8-30 10:59 forever1907
30%TT in advance,the balance against the copy of BL

2007-8-30 12:28 tanrui007
LC is first, bcz we are large value.

2007-8-30 16:21 monicalan
i am not sure, mostly T/T and L/C

2007-9-3 14:48 Julie-FZ
We do T/T in advance, net terms ,and the escrow.

2007-9-7 13:16 sharronlong
T/T ,L/C both we do

2007-9-11 15:10 lyjybearing
100%TT in advance,the balance against the  telex release  B/L  , which is our practice.:victory:

2007-9-12 08:50 463471295
we can only use T/T in our company!!!!:o

2007-9-13 12:30 mazy
[quote]Originally posted by [i]mico1020[/i] at 2007-8-28 09:01 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3101939&ptid=310752][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url](APS&v~:~ OJ
We use T/T mostly. I think we will use L/C one day if the total amount become bigger and bigger. [/quote]#X0q-G?8z+u0@
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I wanted to choose both of T/T and L/C but it only allowed to select one.

2007-9-13 12:33 Echo-li
we use the T/T,but may be next order will use L/C

2007-9-22 18:01 hayten
TT for small order. LC for big. OK

2007-9-26 13:44 Billy520Chan
It depends

4 small amount, we deal with T/T, 4 the large, we use 30%  or 40% T/T in advance, and L/C 4 the deposit.

2007-9-26 14:11 guojia2006
which is the most safety method of these/

2007-10-15 10:05 rubyliu
T/T is the commenest way to be used by our company. We usually require T/T 100%, it is T/T 30% in advance, 70% T/T before delivery for large order.

2007-10-15 10:39 jeff008
[quote]Originally posted by [i]forever1907[/i] at 2007-8-30 10:59 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3103549&ptid=310752][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url]5m5i8x2HA/Wg
[color=Blue]30%TT in advance,the balance against the copy of BL[/color] [/quote]
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5Cv V-NTE so do we.

2007-10-15 11:01 qinxia
different customers ,different payment terms.
%n1stC'J)naP[ some we used T/T,some we accept L/C and ever D/P

2007-10-19 11:21 mazy
[quote]Originally posted by [i]guojia2006[/i] at 2007-9-26 14:11 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3123716&ptid=310752][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url]
z1x7tU)h.s which is the most safety method of these/ [/quote]'b6B?JmO
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100% T/T in advance is better I think. Because you've gotten all of your payment before shipping goods to your clients.
"\xCeU Irrepealable L/C at sight is also good.

2007-10-19 14:03 yangmingdianzi
We use T/T mostly. I think we will use L/C one day if the total amount become bigger and bigger.

2007-10-25 23:09 dancy0103
T/T PAYMENT BY 98% ,  1% BY L/C, THE REST 1% SEVERAL MONTHS PAY ONCE.:)

2007-10-26 11:46 luca_525
TT mostly.
iNQ ^3R1A'Fi-|:vx L/C if the customer is new and amount is large

2007-10-26 16:09 monica1026
30%T/T,balance before shipment mostly

2007-10-27 09:32 wjh077
I've never use L/C payment term since I worked. I think the TT payment term is convenient for me.:)

2007-10-27 10:17 Cathy113
TT30%

We usually do TT30%..The same as many companies..I'd like to do L/C..

2007-10-27 20:47 Joyart
we usually use T/T

2007-12-11 13:44 encoy_w
My company use T/T too

2007-12-17 14:23 lytj365
Dear guys,
+Y2\x~CI(q I am freshman of foreign trader.Our company often accept 100%T/T or Western Unio-n and the products often deliverd via air.Now I have a problem as follow,
!a[KzL2e One of my customers this time pay 30%T/T,and the balance will be paid by B/L and the products will be deliverd via sea.But I know little of B/L.Could anyone be kindly to explain it or tell me the procedure of shippment via sea??PB8j_ XfzMF
Thanks in advance.

2007-12-18 14:42 jameswan
100%TT in advance,the balance against the  telex release  B/L  , which is our practice.-u$yU+H}5VcLVg4\
where is the balance?/

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