1.T/T
The commonly used expressions are as follows.
(1) The buyer shall pay the total value to the seller in advance by T/T not laterthan lst Jan. 2019.
(2) The buyer shall pay 40% of the total value as deposit in advance and pay the balance before the dispatching of goods from the factory
(3) The buyer shall pay 30% in advance by T/T and the balance payment againsthe copy of B/L.
2. Documentary Credit
The commonly used expressions are as follows
A confirmed, irrevocable, transferable sight credit for the full invoice amount shall be issued 30 days before the shipment date.
By 100% confirmed, irrevocable, transferable sight L/C to reach the seller 30days before the date of shipment and to remain valid for negotiation in China till the 15th day after the final date of shipment.
3. Collection
The common expressions are as follows.
The buyer shall pay against documentary draft drawn by the seller at sight upon first presentation.
Upon first presentation, the buyer shall pay against documentary draft drawn by the seller at sight. The shipping documents are to be delivered against payment only.
4. Combination of L/C and Collection
The common expressions are as follows.
60% of the payment shall be paid by irrevocable sight L/C, and the remaining 40% by collection. The buyer shall pay against documents 30 days after sight. After full payment according to the invoice amount, the seller shall send a full set of shipping documents to the buyer.
60% of the value of goods by irrevocable L/C at sight and remaining 40% on collection’s basis , D/P at 30 days after sight. The full set of shipping documents are to be delivered to the buyer until full payment of invoice value is made.