Home > About Us>

Payment terms

Payment terms

Payment terms are established by the Purchasing Department and dictate when payments to non-employee suppliers will be made.

L/C-Letter of Credit

In modern business practice, a letter of credit (LC) also known as a Documentary Credit, is a written commitment by a bank issued after a request by an importer (foreign buyer) that payment will be made to the beneficiary (exporter) provided that the terms and conditions stated in the LC been met, as evidenced by the presentation of specified documents.

T/T- Telegraphic transfer

Telegraphic Transfer or telex transfer, often abbreviated to TT, is a term used to refer to an electronic means of transferring funds. A transfer charge is often charged by the sending bank and in some cases by the receiving bank.

  • 30% T/T in advance and 70% T/T before delivery
  • 50% T/T in advance and 50% T/T before delivery
  • 100% T/T in advance
D/P-Documents against payment

Arrangement under documentary collection in which an exporter instructs the presenting bank to hand over shipping and title documents (see document of title) to the importer only if the importer fully pays the accompanying bill of exchange or draft.

Western Union-西联汇款

The Western Union Company is an American financial services and communications company. Its North American headquarters is in Meridian, Colorado, although the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.


PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.

If you are interested in our products or cooperating with us, even having a comment or a suggestion please contact us now, for more detailed information.... More information by sales@sunnysteel.com

About us
Recommended products
Pipe fittings
Pipe fittings are used to connect pipes.
Welded steel pipes Weld steel pipes
We produce an extensive selection of weld steel pipe
Welded steel pipes Anti corrosion pipe
Anti-corrosio pipe is processed through the preservation
Ceramic-Lined Pipes
from a single spool piece to complete piping systems.
Pipe flanges
Pipe flange are a method of connecting pipes, valves.
Pipe Fitting Accessories
We are passionate in Stub Ends, Bolt Sets, Fasteners
Sunny Steel Blog
Recommend steel products >>

We provide our customer with mainly steel pipe include carbon steel seamless tube,stainless seamless tube, alloy seamless tube,seamless pipe, welded pipes and ceramic lined pipe. The fittings include bend pipe, flange, cap, tees and cross, elbow, and reducers etc.

Pipe flange, Flanges
are integral parts of many engineering and plumbing projects.
Pipe fittings
Pipe fittings
are used to connect pipes comprises of bend, elbow, reducer, tees, cross etc.
ASTM A335 Chrome monly pipe
Chrome monly pipe
Chorme-Moly is a seamless ferritic Alloy-Steel Pipe for high temperature service.
ASTM A179 Heat Exchanger tube
A179 exchange tube
for tubular, heat exchanger, condensers, heat transfer services.

About Sunny Steel

Our team are highly trained and experienced in servicing and producing all types of steel supplies. Whether you've got a large construction project, or need parts for industrial machinery, our team of steel fabrication consultants will ensure that your project is provided with the parts you need, when you need them.