Export payment advice

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ceo
52 Points Joined August 2011

 

Hi.

 

I am acting as a sales agent with a chinese company where i take order from indian companies and they supply it ; My question is

 

1)  what are the safe options for payment terms if i take 50 % advance by T/T from the indian company and bal. amount i want to give by T/T when chinese Co puts the goods in the ship, what simple and uncomplicated process should follow ? (i want to get rid of the documents as far as possible)

 

2)  Please also suggest an easy hassel free other option.

 

thanks

ashwin

awinon @ rediffmail.com

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On 20 August 2011 at 13:19 Report
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ASST MGR
333 Points Joined April 2011

 

 

Most preferable Payment terms is : Letter of credit  at sight

 

In this case: Payment terms should be: 50 % advance payment balace against Cash against documents

 

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On 23 August 2011 at 16:57
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ceo
52 Points Joined August 2011

Hi. Sunny,

Thanks for your advice. 

Your answer -  -  Payment terms should be: 50 % advance payment balace against Cash against documents.

  1. In the above what are the simplest documents against cash . .
  2. will we know that the goods are loaded in the ship
  3. And how do they pay the balance . . in T/T or through some bank to china

awaiting your reply

thanks . .  ashwin 

awinon @ rediffmail.com

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On 24 August 2011 at 14:34


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