How to choose among LC, TT and DP as foreign trade payment methods?
This article provides a detailed introduction to the selection of foreign trade payment methods, including common methods such as Telegraphic Transfer (TT), Letter of Credit (LC), Documents against Payment (DP), and their respective advantages and disadvantages. By comparing different payment methods, it helps foreign trade practitioners choose the most suitable payment method based on transaction scale and customer situation to ensure safe and smooth transactions.