1) TT payment  / SWIFT
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.

Towards some countries, because of frauds, we do not agree anymore payment against B/L documents sent by fax.

2) L/C

a) No L/C accepted under 20,000 US FOB orders

b) From 20,000 USD to 50,000 USD FOB orders
L/C 100% in English at sight, (and transferable*), irrevocable and confirmed by a first rank bank
All banking charges and commissions, including confirmation and amendments charges of the issuing bank's + third-party bank(s), confirmation bank if any and seller's banks(s) 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 350 USD and North America bank fees about 360$.

c) Over 50,000 USD FOB orders
L/C 100% in English at sight, (and transferable*), 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

* To get best prices some products have to be paid trough the US$ account of our North America agent.