(I) Documents required for T/T settlement
When the import contract stipulates that the settlement shall be made by T/T, the importer shall go to the bank to handle the relevant payment procedures according to the payment time stipulated in the contract. When making payment by T/T, the documents required include:
(1) Import contract.
(2) Commercial invoice.
(3) “Foreign Exchange Purchase Application”: Please fill in the actual contract amount for the contract amount, do not confuse it with the foreign exchange purchase amount, and pay attention to the currency.
(4) “Overseas Remittance Application”: The transaction code for general goods payment is 121010.
(5) “Import Goods Declaration Form” (for bank payment verification).
(II) Fees required for T/T settlement
(1) Postage and telecommunications fees: RMB 40/ticket in China (including Hong Kong offshore companies); RMB 80/ticket in foreign countries.
(2) Handling fee: 1% for domestic transactions (minimum to be confirmed by the bank, maximum to be RMB 500); 1% for overseas transactions (minimum to be confirmed by the bank, maximum to be RMB 1,000).