About installment payment:
1, installment payment is mostly used for some products with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment.
2. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest will be paid in installments after part or all of the products are produced and shipped, or when the goods are installed, debugged, invested and guaranteed in quality.
3. Payment methods for purchasing goods and services. The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.
Features:
1. Installment payment means that after the signing of the import and export contract, the importer pays a small part of the payment as a deposit to the exporter, and most of the rest will be paid in installments after part or all of the products are produced and shipped, or when the goods are installed, debugged, invested and quality guaranteed.
Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor.
The buyer can get the needed goods or services only by paying a small part of the payment. However, because the interest is included in the future installment payment, the amount of the same goods or services paid by installment payment is more than the one-time payment.
4. The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.