What is your Payment Terms?
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- Issue Time
- Oct 18,2024
Bousit payment term is 30% deposit and 70% balance before shipment, and L/C at sight.
（If you have any question/difficulty regarding payments or collections, feel free to contact Bousit!）
In the international production order of gas stove, the issue of collection is a very critical link. As it involves cross-border transactions, the payment method, risk control, currency exchange rate and other issues of international orders will affect the smooth progress of collection.
T/T
A wire transfer is an electronic funds transfer between banks, usually used for the buyer to make a certain advance payment (e.g., 30%), with the remaining payment made after the goods have been manufactured and delivered
L/C at Sight
It is a type of bank letter of credit that requires the buyer's bank to pay for the goods as soon as the seller submits documents that comply with the terms of the letter of credit. In other words, the buyer's bank pays the seller for the goods, usually immediately, when the seller completes delivery of the goods and provides the necessary transportation documents (e.g., bill of lading, invoice, etc.).