Which is better, L/C or TT?
To pay by L/C may be better for buyers than to pay by T/T. But L/C is more troublesome and has a lot of documents to handle.
T/T is much more convenient and easy to handle. Usually, factory requires 20-30% T/T in advance of the total sum , and the 70-80% is against the copy of B/L, after you pay the 70-80%, they will deliver the ORIGINAL COPY OF B/L TO YOU, AND YOU TAKE THIS TO TAKE YOUR GOODS.
BEFORE YOU PAY T/T, A FACTORY'S OR A TRADING COMPANY'S CREDIT IS VERY IMPORTANT, I SUGGEST YOU MAKE DEAL WITH FACTORY.
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