What is the safest payment method for an importer in Iran who wants to import from China?

Answers:1   |   LastUpdateAt:2012-09-16 04:42:05  

Question
Peyton
Asked at 2012-07-03 17:39:02
as you probably know because of the imposed sanctions on Iran most companies prefer to use T/T rather than L/C when dealing with Iranian customers.however, from the buyer's point of view it's not safe at all. what could be done when the supplier ask for advanced T/T payment? I want to buy a large quantity of chemical materials from China and the supplier has asked to pay 30% in advance and the rest after B/L. What is the safest method to do business with chines companies? is there any bank in China that still accept L/Cs issued by Iranian banks?
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