Payment Terms for all Commodities
This would vary with each transaction but at the very least All payments are by way of irrevocable, divisible, confirmed and transferable DOCUMENTARY CREDIT established by a top PRIME BANK for 100% invoice value, payable at sight against shipping documents.
Many seller will not accept non-transfer LC.
Payment can be made by DLC. RLC, Auto RLC, FFDLC, FFRLC, SLC, BG, Unconditional SBLC/BG. MT103-23
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