Mode of payments

1）TT payments

Once the contract is made between Chaopeng and customers, Client must pay 30% deposit, which ensure the smooth impletation of the contract at the beginning stage. When all the goods are finished, customers can come to Chaopeng factory to check before shipments. After qualified examiantion, customer pay the surplus 70% value of goods. Customer can also send QC to check all garments. When QC checks all goods to be quailfied, clients fill the test reports and then Chaopeng send all agrmnents out. When garments leave port and Chaopeng receive the surplus 70% value of goods, Chaopeng will send faxed bill of lading to customer.

2）Payment by L/C

Chaopeng can accept the order by the irrevocable L/C at sight and at long sight. Any customer can make the payment in the above two ways.

3）As for customers from famous brands of the world with high credits,  Chaopeng can accept the payments By OA or DP. (only to the good customer in long term cooperation)

DP: It means Documents agaist payments, that is, importer must pay all the value of goods to get documents by bank when exporter send drafts together with documents to bank. If importer refuses to pay, it will not get the documents.   

OA: Open Account. Importer can directly receive goods or documents specified in the contract without payment or drafts. This payment Scope also includes the delivery by air, land under the same conditions of DP and DA.