Payment Method - Yuantai Derun Steel Pipe Manufacturing Group

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.