Question 1

What does "30/70 against BL copy" mean for a bag order?

Accepted Answer

You pay 30% deposit to start production, and the remaining 70% when the supplier sends you a copy of the bill of lading proving shipment (telex-release) — typically before the vessel sails. It balances the seller's material commitment against your cash risk.

Question 2

Is TT safe when buying bags from China?

Accepted Answer

Yes, when structured as a split TT (usually 30% deposit + 70% against BL copy) and with a verifiable supplier. The deposit is your main exposure, so diligence matters — check third-party verification (such as the SGS audit behind Junyuan's affiliated factory) and keep deposits in line with sector norms.

Question 3

What is the difference between LC and TT?

Accepted Answer

TT is a direct wire, cheapest and fastest, used in split deposits. LC is a bank undertaking to pay against documents, governed by ICC UCP 600 — safer for large/new deals but higher in banking fees and slower. For most repeat bag orders TT is better value; for big first orders an LC is worth the premium.

Question 4

What does a telex release of the bill of lading mean?

Accepted Answer

It is an instruction to the carrier to release cargo at destination without the original paper B/L. In a 30/70 TT deal you pay the balance against a scanned copy of the telex-released B/L before sailing, and the container is released to you on arrival.

Question 5

What are D/P and D/A?

Accepted Answer

Both are documentary collections under ICC URC 522. D/P releases documents only on payment at sight; D/A releases documents when you accept a time draft (paying later) — effectively credit. D/A against a new supplier is high-risk and we advise against it.

Question 6

Can I get credit terms (net-30/60) from a Chinese bag factory?

Accepted Answer

Rarely on a first order, because the exporter has no payment history to price your risk. As a repeat buyer with a clean record you can negotiate moving a tranche to deferred terms. We discuss this for established Junyuan clients.

Question 7

Why is 30% the standard deposit for bags?

Accepted Answer

It covers the supplier's upfront material purchase and line reservation while keeping most of your capital out of risk until shipment is proven. Much higher deposits (e.g. 70%) against an unvetted factory are a red flag worth negotiating down.

Question 8

Do you accept LC for bag orders?

Accepted Answer

Yes. Through our export entity, QUANZHOU JUNYUAN COMMERCIAL AND TRADING CO., LTD. (Customs code 35059619KU), we accept 30/70 TT and L/C at sight, and will recommend the structure that fits your order size and relationship stage.

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