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6. PAYMENT TERMS
6.1.What payment terms do we accept?
a). We prefer confirmed 100%
irrevocable letter of credit payable at sight draft allowing
transshipment and partial shipments and
remaining valid for negotiation in China until
the 15th-25th day after the date for shipment stipulated in
the L/C.
b). Possibly T/T 30-40% of total
amount as down payment before shipment and left balance
60-70% before releasing documents.
c). Total amount by T/T before
shipment, especially for the shipment in which the ocean
freight takes larger portion of
total amount.
6.2. How will you arrange the
insurance?
For transactions concluded on
C.I.F.basis, it is understood that the insurance amount
will be for 110% of the invoice
value. If additional insurance amount or coverage
is required, the Buyers must have the consent of the Sellers
before shipment, and the
additional premium is to be borne by the Buyers.
6.3. Can you do with terms CNF but
cover insurance for customers?
Yes, we can, if the
buyers pay the charges.
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