How It Works
Online Negotiation between Buyer and Supplier
e-Contract Confirmed and Signed Online
Full Payment from Buyer to eTradePay
Cargo Delivery Arranged by Supplier at Loading Port
Counting & Inspection (Optional)
Customs Clearance at Loading Port
Issuance of Delivery Order to Buyer at Destination
Key Advantage & Value
Guarantee the security of settlement online
Make the logistics visible online
Protect the whole trade process by crosschecking and verifying the digital data from various parties.
How Buyer’s payment is released?
Lightstrade. com designates eTradePay. com as payment tool to secure and implement the transaction. Buyer and Supplier can negotiate terms of payment flexibly prior to signing the e-Contract. Once e-Contract signed, eTradePay will implement the terms of payment strictly and automatically.
●First payment release to supplier upon Customs Clearance Proof at loading port
●Last payment release to supplier on the
1)10th Calendar Day after the issuance of Delivery Order by forwarder for sea freight and air freight;
2)5th Calendar Day after the issuance of Cargo Receipt by Courier