D/A (Documents against Acceptance)
A collection payment method where the buyer receives shipping documents by accepting a bill of exchange and pays on a …
Payment
D/P (Documents against Payment)
A collection payment method where banks release the shipping documents to the buyer only after the buyer pays the …
Deposit and Balance Payment
A common payment structure where the buyer pays part of the order upfront to start production and the rest before or …
Freight Prepaid and Freight Collect
Two ways to pay ocean or air freight: paid by the shipper at origin, or paid by the consignee at destination.
L/C (Letter of Credit)
A bank's written promise to pay the seller once it presents shipping documents that match the terms of the credit …
PI (Proforma Invoice)
A preliminary invoice the seller issues before shipment, listing goods, prices and terms, often used to confirm an order …
T/T (Telegraphic Transfer)
An electronic bank-to-bank wire transfer, the most common way overseas buyers pay suppliers in China for deposits and …