1. Irrevocable documentary credit with immediate effect.
2. 30% advance payment by telegraphic transfer, 70% payment against presentation of the bill of lading, and release of documents only after full receipt of payment. For orders less than $8,000, full payment is required before production.
3. Bank collection, this settlement method is only applicable to regular customers with good creditworthiness (applicable to non-customized products only).
4. Documents will be released only after receipt of 100% payment by telegraphic transfer. This settlement method is only applicable to long-standing customers with good creditworthiness (applicable to non-customized products only).
5. Combining telegraphic transfer with letter of credit or bank collection, the documents will be presented against L/C or bank collection after receipt of telegraphic transfer.
