Wire Transfer:
This is the lowest cost, fastest, and most common option in our business model. Depending on the factory, 50% deposit is required for TT. Once production is complete and after we release the inspection report and before the goods sail, the balance of payment is due.
Letter of Credit (LC):
A fully transferable Letter of credit at sight is an option at a higher cost, but it also depends on our bankers’ acceptance of your bank’s letter of credit (LC).
Credit Terms:
30 to 60 days of payments terms are an option after a successful credit check by Export Development Canada (EDC). We work closely with the Canadian government to ensure that our customers have the best business options. Note that this option is primarily for repeat customers to help penetrate new markets and increase already established sales.
For more information, please contact us at info@noirfaris.com