1. What is the standard payment scheme acceptable to SINOCEM?
An irrevocable Letter of Credit (L/C) opened or confirmed by a first-rate international bank.
2. Does SINOCEM accept L/C in deferred payment?
Yes, normally we offer 30, 60, 90 and 120 days deferred payment in L/C. Interest to be paid by Buyer.
3. Opening L/C is extremely costly in some countries. Does SINOCEM accept direct T/T?
Yes we accept T/T as an optional payment scheme for a new client’s first cement/steel shipment.
- 30% deposit in advance payment to allow start of cement or other cargos preparation.
- 70% full payment against the scanned copies of Bs/L, BV or SGS high quality cement/steel certificates and other documents sent via email.
- Buyer’s representative always welcome to do on-spot inspection of loading.
