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Forex Services

Forex Services

Product Details:


Forex Services Price And Quantity

  • INR
  • 1 Piece

Forex Services Trade Information

  • Letter of Credit (L/C) Western Union Paypal Letter of Credit at Sight (Sight L/C) Telegraphic Transfer (T/T) Cheque Cash Advance (CA)
  • As per Clients Demand Per Day
  • 3-4 Week
  • Yes
  • Sample costs shipping and taxes has to be paid by the buyer
  • As per Clients requierment
  • Madhya Pradesh

Product Description

The Telegraphic Transfer is standard bank transaction, placed either through your internet bank, or in a local bank branch. This payment method is accepted by all Chinese manufacturers with a bank account. Virtually all that is. Albeit common, it offers no protection by itself, unlike the which I'll get back to in abit.

T/T Payment process

  • Deposit payment (30%)
  • Production starts
  • Production completion
  • Quality Inspection/ Compliance testing
  • Buyer approves batch
  • Delivery to the Port of Loading (e.g. Shanghai)
  • Bill of Lading Scan Copy provided
  • Loading & Shipment
  • Balance payment (70%)
  • Seller sends original Bill of Lading and other freight documents (required to release cargo in Port of Destination)

Other suggestions

  • Recommended division between deposit and balance payment: 30% Deposit (Before Production) / 70% Balance (After Production)
  • Never pay the deposit before you have a signed and stamped Sales Contract &Perform a invoice.
  • Never pay the balance before you have completed any Quality Inspections (in China) or received Product Test results (for example REACH, RoHS and CA Prop 65)
  • Never prepay 100% before production. By doing so, you remove the suppliers incentive to remake or repair defective or non-compliant items.
  • Most Trading Companies also require you to pay a deposit about 30 days before delivery to Port of Loading (in China). The reason is simply that most Trading companies in China don't have ready-made products in stock but is rather subcontracting your order to a local factory.


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