Who let the order Go!!!

Last month I got a order ($80,000), the quantity, colorway, price, everything has confirmed, at last customer want to change the payment, he had no enough money to pay T/T because several orders on hand. so he want to open L/C to us, but our company do not agree with it . the reason is very simple, it is near Chinese new year, we need mony to buy the materials, also the customer have agreed to make TT before. _EUq rw4O.Y _9O

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i$pV*O The last call from my customer, he said: I gave you ten minitues to think about it, if L/C is ok, we start order now, or cancel the order............. Unfortunately our company still can not accept it.
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Nc8q2K;N2q1e|Ac After two days, our company asked me to contact the customer, but the order is canceled already. it is truth.
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+_LAM[ Who let the order finished? customer, me, our compay?[Q`QsB4g
How do you think if happen to you?

I think it has nothing to do with you , you did a good job in transferring your company's idea .
HCv/E7~ Maybe you can contact your customer again hearty ,actually ,that is our responsibility .

Reply #2 levone's post

No way! Customer is very strong on the decision! it is finished!

Any company has its regulation and principle,we do want the order,but should be without any more risk.iSw6V D)l`4E

y[6i8Ms$ThE You can forget it and prepare to get more orders the following days.:)

each company has it's financial rule.

Reply #1 Logiwong's post

If I were you,I would do as you do,for the risk is too great.X(Kmjq;}
So just take it as hadn'\t hap\p\ened

if your company have agreement with your bank, they can make it be cash flow for you from terms.o!`_%i6dw[
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to my opinion  it really is a pity that refuse an order due to the payment changed to L/C terms

Every company have their own rules and principles, we don't do lost moeny/risk even though big order.
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It's nothing, you could get a lot of order by your effects.:victory:

I have the same expeirence as yours. Our company aslo can't accept L/C but must T/T in advance.

sorry to hear that. I met the same thing before.ytqJ+t8Ae&Q {K)y
the successful coperation is based on negotiation, I think. Once any side can not accept the requirements. it failled7f%l,C @.O
Hope you can get more orders in the futures.

it's the company's fault.2G^Bd)a"aR
but if you talk to your company that" just let the customer open the LC, say, 70% of the total value. when he has enough money to run, let him pay you the 30% by wire." maybe that is acceptable... 9Wn E-Ls1e G
Anyway, forget bygones..

How about the L/C?

L/C is wildly used in import and export business, I think L/C is a very very good payment, and very safe. the important thing is if you are willing to pay money to make the order??

We need more practices:lol

what a pity....but i think all businesses needs safe....

Each company has their own rulesn|z6J2U}
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L/C is safe although it is a little bother I thinkC"Me{0H.T,x$r4@^+PM

}| e"S VM!h Anyhow, forget it, it is not your fault

Order is not the most important thing, baby!4@`.A0v2h)G*U+e
You will get another big order.
{y zF:m_:PC Because you can not bear the risk.&?c IE }|3bs.O
Boss had already made the decision. He should consider much more things.:) :) :)

nothing special

what a pity and forget it!

What a pity,if i were you, i could persuade my boss to consider it...cause, it is very hard for us to get the orders since the competition is fierce...come on, don't think too much, what you need to do is try to find more orders!

if money is not enough, could make a concession, say 30% t/t deposit, 70% L/C at sight...