T/T wire payment with PI and CI: deposits and balance on documents
T/T (wire transfer) is standard. PI lists beneficiary bank and payment schedule; the buyer remits against PI. Common: 30% deposit + 70% before shipment, or 100% against PI. PI and later CI should match on amount, currency, and payment wording.
Bank fields on PI
Beneficiary, bank name, account no., SWIFT/BIC, bank address. Some buyers require “For deposit only” or staged percentages on PI. TradeDocs pulls bank data from company profile to avoid SWIFT omissions and returned wires.
Typical payment schedules
30/70: produce after 30% deposit, ship after balance. 100% advance: new buyers or small orders. Net 30 after CI: credit — assess buyer risk. Use identical wording on quotation, PI, and contract — never “30/70 on quote, 50/50 on PI”.
CI and payment receipt
CI serves customs and buyer accounting — it does not replace PI bank pages. CI total should match actual shipment and receipts for FX settlement and tax refund filing. One deal for PI and CI keeps amounts traceable.