T
T/T
Telegraphic Transfer - Bank wire payment. Common payment method for China suppliers (typically 30% deposit, 70% before shipping).
Definition
Telegraphic Transfer - Bank wire payment. Common payment method for China suppliers (typically 30% deposit, 70% before shipping).
Why It Matters for Importers
Understanding T/T is essential for anyone sourcing products from China. This term is commonly used in trade negotiations, shipping documentation, and supplier communications. Having a clear understanding helps you:
- Communicate more effectively with suppliers and freight forwarders
- Make informed decisions about shipping and logistics
- Avoid misunderstandings that could lead to delays or additional costs
Need Help Understanding Trade Terms?
Our team can explain any sourcing or shipping terminology in the context of your specific project.