Payment Inward Remittance

Order Payment Inward Remittance refers to the settlement act in which the buyer remits the order payment to the seller's account through a bank, constituting an inflow of funds under remittance methods such as telegraphic transfer (T/T). Use cases include: advance payment, payment after shipment, balance payment, etc. Precautions: verify the remitter's name, amount, and the order number or invoice number in the remittance remarks to ensure consistency with the contract; pay attention to the arrival time, the party bearing bank charges (OUR/SHA/BEN), and exchange rate fluctuations; if it is an advance payment, confirm whether registration of advance receipt of export proceeds is required. Difference from 'export proceeds collection': the latter emphasizes all foreign exchange received from abroad under export trade, covering a broader scope; difference from 'letter of credit payment': inward remittance is based on commercial credit, and the bank does not assume payment liability, whereas a letter of credit is guaranteed by the bank. In practice, after receiving the inward remittance, it should be verified and written off in a timely manner, and settlement of exchange or deposit into the pending verification account should be handled.