How do we settle the account?
First，We accept TT before 30% (as a deposit), TT after 70%, and payment upon presentation of the bill of lading, which is the most common method。
Secondly, according to general regulations, LC requires the buyer to deposit the payment with a bank, which will open a letter of credit and notify the seller to open an account in a different location. The seller will ship the goods according to the terms specified in the contract and letter of credit, and the bank will make payment on behalf of the buyer.
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Yuantai team has over 21 years of experience in steel pipe project applications, specializing in the production, manufacturing, and customization of square rectangular, and circular steel pipes. Warmly welcome project procurement managers, individual owners, designers, and overall sellers, etc. Write down your requirements and receive professional quotes and technical support.