Tag Archives: Letter of Credit

Letter of credit in importing from China

There are some payment terms in international business, such as cash, Paypal, Western Union, Documents against Payment, Telegraphic Transfer (T/T) and Letter of Credit (L/C). T/T and L/C are used widely by furniture importers all over the world, but most of the China furniture manufacturers can only accept T/T, 30% deposit and balance should be […]