Trade Term
FOB Hong Kong.

Minimum Production per Style / Color
1000 pieces/sets or nearest master carton quantity unless otherwise quoted.

Terms of Payment
1) T/T 30% deposit before production; 70% balance after shipment upon receipt of export documents (originals will be sent when payment received), or T/T before production for order below USD$ 5,000.
2) Irrevocable L/C at sight

Payment Procedure
By T/T in advance & balance payment against copies of shipping documents:
1. 30% of the total order value as advance by T/T. (Percentage depends on order value)
2. Funky Land prepares the goods after the confirmation of advance payment.
3. Funky Land delivers to buyer's freight forwarder or introduces freight forwarder to buyer
4. Freight forwarder does the inspection and informs the buyer.
5. Buyer makes the balance payment by T/T, and forwarder holds the goods.
6. Funky Land receives the balance payment, releases export documents and ships the goods immediately.

(T/T payment in advance means telegraphic transfer, and it's the simplest and easiest payment method to use. The documents such as airway bill, commercial invoice and packing list will be sent to buyer along with the shipment by the same airplane. As soon as the shipment arrives, buyer can clear the customs and pick up the goods with the documents. It takes 3-4 days for Funky Land to receive the T/T payment made from anywhere in the world.)