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A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility.
T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc.
If only "T/T", you might wait a long time for the payments.
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What is LC DA DP TT payment options?
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
What does payment terms tt 30 mean?
TT payment is called telegraphic transfer or wire /swift transfer which is cheap and fastest legal way of remitting money over seas through any bank with Forex facility by the way you have to be careful before you buy any such things from companies before you should know them well.
What are mns2-3 payment terms?
mns2-3 payment terms
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
How do you find tt payment is safe aftershipment?
Be honest, TT is not safe.. and the most efficient way is that you find a reliable Buy Agency in that country... then it's done! Good luck.
What means tbd payment terms?
TBD meaning in business payment
What is meant by payment term TT?
Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.
DP payment against receipt of document?
wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it
What is LC DA DP TT payment options?
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
What is the meaning of payment terms LOL?
Lol mean laugh out loud that it mean
What does payment terms tt 30 mean?
TT payment is called telegraphic transfer or wire /swift transfer which is cheap and fastest legal way of remitting money over seas through any bank with Forex facility by the way you have to be careful before you buy any such things from companies before you should know them well.
What is the meaning of payment terms ADI?
The invoice is due X days "After Date of Invoice"
What is the meaning of MT103 in terms of payment?
MT103 is a Single Customer Payment between the two customer accounts across the banks. Its a cross border payments.
What does tt mean in shipping terms?
Telegraphic Transfer.
What are mns2-3 payment terms?
mns2-3 payment terms
What is TT payment?
Telegraphic transfer (TT), as one of the payment method of cash in advance, is a method of transferring funds by telecommunication system such ass telex or cable. The advantage of TT is the fast speed. A payment can be made within two of three banking days. The disadvantage is the relatively high cost. However, sometimes you need a SWIFT No. in your TT transaction. SWIFT ( Society for Worldwide Interbank Financial Telecommunication ) members are able to transfer funds within their own telecommunication network at a much lower cost. This make TT very popular as most international banks are SWIFT members.
When making a TT and L payment at the bank who should the check be made payable too?
To the bank
