What are standard payment terms for Great Wall panels?

The standard is a 30% TT deposit to begin production and 70% balance paid against a copy of the bill of lading. Letters of credit are common for large first orders.

How do I protect my deposit on a first order?

Use a signed contract, pay only to the company account, tie the 70% balance to a passing SGS/Intertek pre-shipment inspection, and consider a letter of credit for large orders.

Should I pay 100% upfront?

No. A supplier demanding 100% upfront from a new buyer is a red flag. Standard practice is 30% deposit with the balance against the bill of lading.

Payment Terms for Great Wall Panel Orders: TT, LC and Deposit Explained - GSM BuildTech | Insulated Aluminum Great Wall Panels & Square Tube Manufacturer

For first-time buyers, payment is the most nerve-wracking part of importing Great Wall aluminum panels. How much upfront? When is the balance due? What protects you if something goes wrong? This guide explains the standard terms and how to keep your money safe.

The Standard Term: 30% TT Deposit, 70% Against B/L

The most common arrangement for Great Wall panel orders is a 30% telegraphic transfer (TT) deposit to start production, with the remaining 70% paid against a copy of the bill of lading (B/L) – meaning after the goods are produced and loaded, but before the original documents are released for customs clearance. This balances risk between buyer and supplier.

Common Payment Methods Compared

Method	How it works	Best for
TT (bank transfer)	30% deposit + 70% against B/L copy	Most orders; fast and standard
L/C (letter of credit)	Bank guarantees payment on document compliance	Large first orders; maximum security
30/70 with SGS	Balance released after independent inspection	First-time buyers wanting extra assurance

How First-Time Buyers Stay Protected

Use SGS / Intertek pre-shipment inspection – tie the 70% balance to a passing inspection report
Pay to the company account, never a personal account
Get a signed contract (PI/sales contract) listing specs, quantity, price, terms and penalties
For large first orders, consider an L/C – the bank only pays when documents match
Verify the company – business license, factory audit or video call

Red Flags

Demands for 100% upfront from a new supplier
Payment to a personal or third-country account with no explanation
Refusal to allow SGS inspection
Prices far below the market $8-27/m² range – usually a quality or scam risk

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GSM BuildTech manufactures and exports insulated aluminum Great Wall roof and wall panels from China to the Middle East and Southeast Asia. Send your area (m²), thickness, and destination port for a 24-hour quote.

WhatsApp: +86 155 2274 6824 | Get a Quote