Currently I find the better choice for payment which you will get the money immediately and we also use the bank loan in advance. We will do as belows:
- 20% advance payment by L/C at sight through the PID drawing : That mean you just present the PID drawing to your bank, then you will get the money immediately.
- 70% against shipping documents by sight payment letter of credit : same as before.
Within 10 days we willl open the L/C for you. Please give us your advising bank.
Beginning of next month you will receive L/C from our bank.
This way you will give the money fast and our bank will pay for us.