Need advice from FOBers!

I have a Negeria customer. It seems he is very interested in our products and ask me to send him quotation, but his payment term is not reasonable, 100% D/P, you know it takes a big risk, and moreover some suggested on the internet that there are lots of liars in Negeria.This time, he gives me a concrete addresss, and his company is xxcxc trade company..... He said he is strict with his payment terms, But 100% T/T i want  because this is the first time to have foreign trade, do not want to take big risk... so how to do? Thanks for i4VyYsh [-YU3HFw
your advice.......
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In order to keep your business secret, please don't release your customer's company name directly.hope you kind understanding.[/color]'E gQF"K auNPq
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[[i] Last edited by skyfly at 2008-6-25 21:22 [/i]]

payment by L/C

the terms of payment are very important in our contract.  you say the customer is from Nigeria, so there will be much risk.
Jg*Ze+Y"fq I recommend you make payments by L/C. in this way you are given the guarantee that the bank will give you the money when documents presented.

I think L/C is the safest payment, but it needs many time to check all the items and it costs more than other payments.
vv]e~7p&V8Yc However,good luck to you.

L/C at sight..

It is said that Negeria has bad reputation in the business circle. L/C at sight is necessary.

yes,L/C at sight is the necessary.But I like 100% T/T

to do the business in safe way,but don't always think it is a big order,then want to try by risk.
1Tf`*mH by L/C at sight will be accepted,but fully T/T is the best.

If you use LC at sight, it's better to use the confirmed L/C by another countries, like European famous bank or USA, etc..

Thanks for all advice you given!

:loveliness: Now i konw how to negotiate with that customer about payment now！
E^UT{Icp~j ！ Thanks a lot!