Payment terms affect cash flow and risk when importing air compressors. Understanding the common options helps you negotiate a safer deal.
Common Payment Terms
- 30% deposit with 70% before shipment.
- Letter of credit (L/C) for larger orders.
- Open account for established relationships.
Reducing Risk
- Use a letter of credit for first orders.
- Arrange pre-shipment inspection.
- Verify the supplier before sending a deposit.
Negotiation Tips
- Link final payment to inspection and documents.
- Clarify who bears shipping and insurance.
- Keep written records of all terms.
Is a 30% deposit normal?
Yes, a 30% deposit with the balance before shipment is common in the industry for standard orders.
Talk to an Engineer
Contact Panrui with your flow, pressure and air quality requirements to get a recommendation and factory quote for your project.