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In which currency do you quote and who pays the bank charges?
All quotations are in USD; EUR, GBP and CNY are accepted by negotiation. Bank charges outside China are the buyer’s responsibility (OUR basis).
Currency and Fee Rules
| Item | Rule |
|---|---|
| Quote currency | USD (standard), EUR/GBP/CNY by agreement |
| Remitting bank charges | Buyer’s account |
| Receiving bank charges in China | Our account |
| L/C charges | Buyer’s account (confirmation charges negotiable) |
Practical Impact
- You know your exact FX and fee exposure before ordering — no surprise deductions at settlement.
- For L/C transactions, we advise using a nominated Chinese advising bank to keep confirmation costs low.
- Annual contracts can fix the settlement currency mix to reduce currency risk on multi-market programs.
Send your preferred currency and settlement method for a proforma invoice within 24 hours.
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This article was published on 2026-09-02, and last updated on 2026-09-02. The article will be continuously updated.
