TR Payment

 TR is actually a form of remittance which is another payment option of TT.
It is a facility from our appointed local bank to pay on behalf of our company if we are able to provide them with the commercial invoice of the shipment.
It is a preferred payment term by our company, as compared to TT, as we are able to get credit benefits from our bank.
Pls be rest assured that this is similar to TT payment and the payment amount would get across to your bank account in the same way.
The only difference to TT payment is that we would not be able to remit you initial 30% payment first, as TR requires Commercial Invoice and Packing List.
However, you could be assured that full payment would be remitted to you before the shipment sails out.
Also, TR procedures are like TT, which are of lesser hassle than LC payment。

 TR is no difference to TT, except that we would only process the full 100% payment to you at a later part.

You would have to start the production for our order first, after which approximately 2 weeks before the order is ready to ship, you have to email me the Commercial Invoice and Packing List so that I could use these documents to process the full 100% TR payment to you.



After TR has been issued by our bank, I would email the bank slip to you like what I did for TT payment (in previous orders).

This is preferred by us as it would give our company a credit advantage as the bank is paying for us first, like LC credit terms.

Documentation wise, TR is easier than LC as it follows what we do for TT.

TR