Shipcar__

T/T means telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use.

T/T payment in advance is usually used when the sample and small quantity shipments are transported by air. The reason why is that the documents like air waybill, commercial invoice and packing list will be sent to you along with the shipment by the same plane. As soon as the shipment arrives, you can clear the customs and pick up the goods with the documents. As it's acknowledged, T/T payment in advance presents risk to the importer if the supplier is not an honest one.

The L/C payment procedure is usually as follows:

1. You (the importer) applies to open the L/C to us (the seller) through a bank who can open the L/C in your country.
2. The opening bank will inform The Bank of China that the L/C has been opened.
3. The Bank of China will inform us that the L/C has been established.
4. We'll check all the terms and conditions listed in the L/C. If all terms and conditions are
5. acceptable, we'll arrange the shipment within the time specified in the L/C.
6. After the goods are loaded onto the ship without any damage, the captain will issue the clean bill of lading to us.
7. We will submit the clean bill of lading and other relevant documents to The Bank of China to gather the payment. Only with clean bill of lading can you claim the ownership of the goods.
8. The Bank of China will send the clean bill of lading and relevant documents to your bank (the opening bank).
9. The opening bank will inform you that all documents are received.
10. You will go to the bank to make the payment to get the clean bill of lading and relevan documents.
11. With all of these documents, you can clear the import Customs and pick up the goods after the goods arrive on the destination sea port.

L/C is used for the larger quantity order shipped by sea.

The typical L/C scenario takes 14-21 days to complete.

Standard you will receive the following documents:

- At least 3 original and 2 copy's of the Bill of Lading; (view example here)
- 1 original certificate of origin (Form-A) and 3 copies; (view example here)
- 1 Insurance policy and its conditions;
- 3 original invoice;
- 3 original packing list.

NB: terms and conditions may change over the period of market growth

Under normal circumstances the delivery time will be about 4-6 weeks for garden furniture and 6-8 weeks for indoor furniture (for "custom made" items it might be max. 4 weeks longer) after receipt of the down payment/LC (see also: "What are the payment methods"), before shipping, for a 40FT/40FT HC container.

If you receive a quotation from market online, the volume of every item will be mentioned, and total volumes will be calculated after filling in the desired quantity, as well as a percentage for each type of container which shows how full a container will be with the selected items and their quantity. For your information, please find below some container details:

	Length	Width	Height	Volume	Max. Weight
20 FT Container	5,91 m	2,34 m	2,38 m	32,9 CBM	22.100 Kgs
40 FT Container	12,04 m	2,34 m	2,38 m	67,1 CBM	27.396 Kgs
40 FT HC Container	12,04 m	2,34 m	2,69 m	75,8 CBM	29.600 Kgs

The maximum weight will never be exceeded if a container is filled with only furniture.

The total payment is split in a down payment and a balance payment.
Down payment: Where most exporters require a down payment which is a certain percentage of the pro forma invoice (normally at least 30% up to 50%), seller are tried to keep it more simple with a fixed down payment of US$ 2000/20FT Container, or US$ 4000/40FT (HC) Container, or equivalent regardless of the total value of the products to be loaded. This means that under normal circumstances the amount of the down payment will be much lower than using a certain percentage. As soon as the down payment has been received, seller will proceed with your order, and keep you updated about the progress.
Balance payment: For payment of the balance payment there are two possibilities:

1. The most used procedure is to transfer the balance payment to seller after you received a copy of the Bill of Lading either by e-mail or fax, but at latest two weeks before the date of arrival of the container at the country of destination, to enable us to courier all the documents on time. Documents will be send by a first class courier service, at latest 48 hours after the balance payment has been received.



2. The balance payment might also be paid by an irrevocable letter of credit at sight from a first class bank in our favor. Because of the higher administration fees and bank commissions involved, consignee will be charged with 1% of the invoice grand total and eventual costs of amendments in case the conditions wouldn't be workable. Therefore seller always strongly advise to fax/e-mail the concept text of the intended L/C first before really opening it. Usually, Seller do not accept the full payment to be covered by a L/C, only the balance payment.