about payment terms, Pls help me how to avoid big crisis

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Payment detail : 30% before production, 70%before Fax B/L3w!HkAQDQ;B|
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this is a repeat order , but I deal with it first time, so I want to avoid crise as much as possible , pls tell me how to keep safe . Many thanks!

It is a good term of payment,don't worry,you can receive the complete payment before shipment.

Reply #1 shallysun's post

don't worry about it.
|jX?0P3_ } you will get your money before your guest fetch.:loveliness:

ask your manager

u can ask your manager or your colleagues !

Most of us are using this payment terms now,just take it easy~

which is good payment. don't worry

TKS you all ,lots of kind man here !

Pls take your eyes on the goods!It is not as easy as the uppers said!
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It is a dangerous deal indeed!Very dangerous： for your term is FOB not CNF,and also the forwarder is appointed by your customer but not yours!
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So at least,you should get a guarentee from the forwarder:Shall never release the goods without Original BL or your written instructions!!Also pls ask for the master BL,not House BL!Please![/b][/size][/color]5aT&Y G O L)V8n
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Or you will lose your goods without payment if your customer want to refuse!Also pls kindly check the follow link as reference to see the risks!&t c g"h.d
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2Br\vdD3l} l [quote]Originally posted by [i]shallysun[/i] at 2008-5-17 15:07 [url=http://forum.fobshanghai.com/redirect.php?goto=findpost&pid=3251620&ptid=323618][img]http://forum.fobshanghai.com/images/common/back.gif[/img][/url]
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1b4b Q2J$NY Payment detail : 30% before production, 70%before Fax B/L
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this is a repeat order , but I deal with it first time, so I want to avoid crise as much as possible , pls tell me how to keep safe . Many thanks! [/quote]
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(S1V6pl\ h$}^2g [[i] Last edited by Solitaire at 2008-5-21 13:10 [/i]]

Reply #8 Solitaire's post

what you said is what I'm thinking X{be0xm2H#V@6Gw
thanks a lot to tell me how to deal withZ ]XP2p"uc
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Tks

#8 is correct, if you do FOB, it is better to receive the 70% before delivery, if your customer do not accept, you should sign with the forwarder an agreement that do not release the original B/L without your instruction

[quote]Originally posted by [i]Solitaire[/i] at 2008-5-21 13:04 [url=http://www.fobshanghai.com/redirect.php?goto=findpost&pid=3252302&ptid=323618][img]http://www.fobshanghai.com/images/common/back.gif[/img][/url]
;q8u N(`&q/r0W Pls take your eyes on the goods!It is not as easy as the uppers said!
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#R!D[:xZB{ ： for your term is FOB not CNF,and also the forwarder is appointed by your customer but not yours!
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|E5@:iTA,M So at least,you should get a guarentee from the forwarder:Shall never release the goods without Original BL or your written instructions!!Also pls ask for the master BL,not House BL!Please!XW/y@]y3T5Y

eZs#GB2w2s Or you will lose your goods without payment if your customer want to refuse!Also pls kindly check the follow link as reference to see the risks!
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y,y?+v d!c"Dc0^? i think we must take risk.generally speaking, it is not very  dangerous. FOB NINGBO PORT, 30% ADVANCE PAYMENT , THE BALANCE PAYMENT SHOULD BE PAID WHEN YOU FAX TO YOU COPY OF B/L. WE DO LIKE THIS MANY TIMES, ALL SHIP FORWARDER SEND THE B/L TO US AND OUR CLIENT PAY THE BALANCE PAYMENT TO US .:)

Reply #11 bankruptcy's post

:) Definitely you are lucky,but pls donot take Mr. Lucky as your relative!Also some company can do businees with some special customers by DP/Or Even Open Terms!That not means we sellers shall take these risk,and it is safe all the time!This is just open terms similar like!

[quote]Originally posted by [i]Solitaire[/i] at 2008-5-27 09:07 [url=http://www.fobshanghai.com/redirect.php?goto=findpost&pid=3253632&ptid=323618][img]http://www.fobshanghai.com/images/common/back.gif[/img][/url]|tfJYQ!s
:) Definitely you are lucky,but pls donot take Mr. Lucky as your relative!Also some company can do businees with some special customers by DP/Or Even Open Terms!That not means we sellers shall take these risk,and it is safe all the time!This is just open terms similar like! [/quote]E(a;^7R,j
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it is not safe all the time! i agree with your this iidea. but i will do it because i trust my client and ship forwarder,i think the credit is very very important for buyer and seller !
0j3s&?1j,~z:l4a/z Maybe, my boss touch my idea, he is crazy business man, we make 100000USD goods if our client give us only 50000.00USD order.
1e}]Y%J6{/Ni but it is any down payment for more 50000.00usd, i also feel it is unimaginable . but he said : he trsut that client. i enjoy the way which he make business deeply.:)
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$g~5P7a}G [[i] Last edited by bankruptcy at 2008-5-27 18:15 [/i]]

which is right and which is wrong

1) First, I would say the agreed payment term is in seller favour, the buyer has more risks than the seller as buyer has to pay 30 pct in advance, therefore, it seems buyer has trust on seller.
:\qEGQ 2) Forwarder B/L does pose some risks but so does the House B/L if it is issued by unknown shipping company, therefore, a well-known and reputable international forwarder's B/L is acceptable. Do check the background of the forwarder before booking.
`Dmpm 3) Do not fax any undervalue invoice with company stamp to buyer before full payment as these could be used by buyer to apply bank guarantee  in exchange of shipping guarantee to collect cargo without B/L at the undervalue amount instead of the actual value.
e)b)];qt`XSb 4) There is no 100 pct safe payment term available unless 100 pct up front which is not practical. Just imagine, would you do that if you are buyer yourself?

nothing is 100% safe when you make business, business is business. :lol