Coffee Payment Terms Explained: L/C, T/T and CAD for Importers
Coffee payment terms decide who carries the cash, and the risk, between the day a contract is signed and the day a container is released at your port. Three instruments cover almost every green and instant coffee deal out of Vietnam: the letter of credit (L/C), the telegraphic transfer (T/T) and cash against documents (CAD or D/P). Most first orders ship on a T/T deposit with the balance paid against the bill of lading, or on an irrevocable L/C at sight.