Export payment advice

awin s (ceo) (52 Points)

20 August 2011  

 

Hi.

 

I am acting as a sales agent with a chinese company where i take order from indian companies and they supply it ; My question is

 

1)  what are the safe options for payment terms if i take 50 % advance by T/T from the indian company and bal. amount i want to give by T/T when chinese Co puts the goods in the ship, what simple and uncomplicated process should follow ? (i want to get rid of the documents as far as possible)

 

2)  Please also suggest an easy hassel free other option.

 

thanks

ashwin

awinon @ rediffmail.com