Short answer: Metal importers balance risk with a T/T deposit for trusted suppliers, a letter of credit for security or payment against bill of lading for leverage, with the quotation basis in our Price Quotation Guide and the documents in our Export Documents Guide.
At a Glance
Common Payment Methods
The quotation basis is in our Price Quotation Guide and the import steps in our Import Steel Guide; a quick summary is below.
| Method | Buyer | Seller |
|---|---|---|
| T/T dep. | Hoog | Laag |
| LC | Laag | Medium |
| Against B/L | Laag | Hoog |
Letter of Credit
Secure payment with our Export Documents Guide and terms in our Incoterms Guide.
Managing Risk
Vet the seller with our Choose a Supplier Guide and our Quality Inspection Guide, and verify with our Third-Party Inspection Guide.
Currency and FX
Plan FX with volume in our MOQ and Lead Time Guide.
Get a Quote
Tell HXSCO your requirements and we will respond with a competitive quote and lead time.
Veelgestelde vragen
LC or escrow for new suppliers.
Yes – typically 30 percent T/T.
Pay on receipt of shipping documents.
A bank intermediates on document compliance.
USD is common; CNY may save FX.
Trade Securely with HXSCO
HXSCO offers deposit, letter of credit and against-B/L terms with clear documents. Send your preferred terms for a quote.