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What are the normal payment terms for Exports from China?

April 26, 2017China exports normal payment terms

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What are the normal payment terms for Exports from China?

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Payment terms in China are usually 30% downpayment (of the FOB value of thegoods) paid by Telegraphic Transfer (T/T). The remaining 70% is also paid by T/T on completion of manufacture but often before shipment rather than true FOB where payment is against shipping documents (Bill of Lading). Chinese suppliers have the upper hand in a sellers market!