Export Payment & Trade Terms Explained: T/T, PayPal, MOQ and Lead Times
If you’re importing medical equipment for the first time, the commercial terms can feel like jargon. Here’s a plain-language explanation of the terms you’ll see most often when ordering from an Indian exporter like Optolab Zone.
Payment methods
- T/T (Telegraphic Transfer / bank wire). The standard for export orders. Typically a deposit on order confirmation and the balance before dispatch. Low fees on larger orders.
- PayPal. Convenient for samples and smaller orders, with buyer-friendly handling. Fees are higher than a bank wire, so it suits lower-value transactions.
Agree the split (for example, advance vs. balance) and the currency in writing before production starts.
MOQ — Minimum Order Quantity
The smallest quantity a manufacturer will produce or ship for a given product. MOQ varies by item — consumable hollowares may have a higher MOQ than a single capital instrument. Always ask per product.
Lead time
The total time from order confirmation to dispatch — production plus preparation. For made-to-order or customised items this is longer. Get a written estimate so you can plan your own delivery commitments.
Incoterms (who pays for what)
- FOB (Free On Board) — the seller delivers to the port; you handle freight and insurance from there.
- CIF (Cost, Insurance, Freight) — the seller arranges shipping and insurance to your destination port.
Choosing the right Incoterm affects your landed cost, so confirm it early.
Packaging and documentation
For optical and electronic instruments, export-grade packaging protects against transit damage. Your exporter should also provide the commercial invoice, packing list and any certificates your customs authority requires.
Get a clear quote
At Optolab Zone we set out payment terms (T/T and PayPal), MOQ, lead time and shipping clearly on every quote. Send us your requirement and we’ll respond with specifics.