Q28:What payment terms are typical, and how can I verify the supplier's legitimacy before sending a deposit?
Typical Payment Terms & Supplier Legitimacy Verification
Standard Payment Terms (Mainstream for African trade)
1. Payment ratio: Standard 30% deposit in advance, 70% balance against copy of Bill of Lading (30/70 term), the most widely accepted term for African import clients.
2. Accepted payment methods: Telegraphic Transfer (T/T) is preferred; we also accept irrevocable Letter of Credit (L/C) issued by reputable banks.
Supplier Legitimacy Verification Methods (Before paying deposit)
1. Business License verification: We can provide our official business license, enterprise qualification certificates and tax registration documents for your review. Our unified social credit code: 91350602079784644X.
2. Third-party inspection & audit: National Standard GB/T7723-2017 Fixed Electronic Weighing Instruments
3. Factory video & on-site tour: We provide real-time factory workshop videos anytime, and welcome clients to visit our factory in Fujian, China for field inspection.
