Standard Schedule
For a typical first-time order:
Order placement & contract (Day 0)
- 30% deposit wire transfer
- Sales contract signed (electronic OK)
- Stock vehicles reserved, freight slot booked
Pre-shipment inspection (Day 7–14)
- SGS or BV inspection report shared with buyer
- Buyer approves shipment
Before vessel sails (Day 14–18)
- 70% balance wire transfer
- Once received, seller releases bill of lading
Bill of Lading transferred (Day 18–20)
- Original or telex-released B/L sent to buyer
- Buyer's clearance agent takes over
Why 30/70 Specifically?
- 30% on contract: enough for seller to commit factory orders or release stock from bonded warehouse without absorbing full risk if buyer disappears
- 70% on B/L: standard international trade practice; seller has done their work, buyer has shipping documents to clear customs
Variations for Repeat Clients
Once you've placed 3+ successful orders:
- 20/80 split sometimes available
- L/C (Letter of Credit) at sight or 30 days — for buyers with established trade banking
- Net 30 from B/L for fleet customers with strong references
We do not offer "consignment" or "pay-on-arrival" terms for new clients — too much exposure.
Currency
Default: USD wire transfer to our China bank account. Also accepted:
- EUR for European buyers
- AED for UAE buyers (via correspondent bank)
- CNY for Chinese subsidiaries (rare for export)
Cryptocurrency is not accepted for compliance reasons.