No major breakthroughs in Internet-based trade finance solutions
yet (i.e. online LC's, etc.). So, the terms of payment are
again traditional. In some cases, we will ask that the buyer
and supplier settle the financial transaction between themselves.
However, if there is a need we may intermediate the process.
This will be determined on a case-by-case basis. As LC's can
be dangerous, cumbersome and a huge administrative burden,
we suggest 50% of the payment by TT (Telegraphic Transfer)
at the time the order is placed and the balance of 50% when
the goods are ready to ship.
LC's should only be considered in higher value transactions
(i.e. > US$20,000). There are other financing alternatives
available, please inquire if these methods do not meet your
needs or if you would like additional information.