What is the payment terms?

What is the payment terms?

A: Payment terms is important thing to consider between each buyer ,good and reasonable payment terms will ensure bilateral benefit both customer and supplier. Normally there are main payment terms to be adopted as below:

100% LC at sight.

T/T 30% in advance by T/T ,70% will be before shipment under FOB.

T/T 30% in advance by T/T ,70% LC at sight under CIF.

T/T 30% in advance by T/T ,70% against the copy of BL under CIF.