Payment terms.

30/70 TT splits the counterparty risk: we take the production-side risk of starting refining against your 30% advance; you take the documentary-side risk of releasing the 70% balance against scanned (not yet original) documents. This is faster, cheaper, and more transparent than LC at sight for most repeat shipments. LC at sight is available for buyers who prefer it — typically with a USD 8–15/MT premium for confirmation cost.

If we fail to ship for reasons within our control (production failure, missed vessel cut-off without buyer cause), the advance is fully refunded. If the buyer cancels after origin lock, the advance covers our origin commitment and is non-refundable; this is rare in practice.

We discourage it. Indian, Pakistani, and exotic-region intermediary banks add reconciliation friction (sometimes weeks of clarification cables) and occasional sanctions screening delays. Tier-1 correspondent banking — typically a major European or Singaporean intermediary — is the smoothest path.

CAD (Cash Against Documents) typically requires established LC history with the named bank. First-time buyers are better served by 30/70 TT, which builds the payment relationship in one shipment cycle and unlocks 25/75 from shipment two onward.

Real concern in some African markets (Nigeria, Ethiopia, Sudan). Our standard structure assumes USD availability at the importer level; we can structure cases case-by-case for buyers managing significant USD-availability constraints — typically with longer LC tenors or split-shipment phasing.

Bounded by the 30/70 split. Your 30% advance locks USD-local at PI date; the 70% settles at document handover so the residual exposure is the transit window. For buyers who need full FX hedge on the 70%, we can issue PI in fixed-rate equivalents on a case basis.