Payment method There are three kinds of international payment methods commonly used, namely, letter of credit payment, TT payment method and direct payment method. 1. Payment by l/c L/c is divided into light letter of credit and documentary letter of credit. Documentary letter of credit is a letter of credit with a specified document, which is not attached to any document. In short, a letter of credit is a guarantee for the exporter to recover the payment. Please note that the time of shipment of the exported goods should be carried out within the validity of the l/c and the l/c must be submitted within the validity date of the l/c. The letter of credit shall be clear, clear and complete in the international trade with the l/c as the payment method. China's state-owned commercial Banks, such as bank of China, China construction bank, agricultural bank of China, industrial and commercial bank of China, etc., will be able to open the l/c to foreign (this several major Banks issuing fees are issuing amount of 1.5 ‰). 2. TT payment method The TT payment method is to be settled in foreign exchange cash, and your client will remit the payment to your designated foreign exchange bank account, which may require the goods to be remitted within a certain time period. 3. Direct payment method
It is the direct delivery of payment by both buyers and sellers.
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