Subject: about payment terms, Pls help me how to avoid big crisis
shallysun (sherry)
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Post at 2008-5-17 15:07  Profile  Space  P.M.  Buddy 
about payment terms, Pls help me how to avoid big crisis

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9B&L4Q9O7^(} M6jFOB Business ForumPayment detail : 30% before production, 70%before Fax B/LFOB Business Forum2R)m/]4}(Y-B
export to Finland
,H)@,O/A;n5p;Tpointed carrier FOB Business Forum3e4m8p.e3V.E,x

.N'x;Y!_$@'t)e[A Professional Business Forum]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!





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bacon999
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Post at 2008-5-17 15:18  Profile  Space  P.M.  Buddy 
It is a good term of payment,don't worry,you can receive the complete payment before shipment.





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m27620391
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Reply #1 shallysun's post

don't worry about it.
"N$i4U9D/L/d'U2GFOB Business Forumyou will get your money before your guest fetch.

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yb2008
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ask your manager

u can ask your manager or your colleagues !





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lily_trade
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Post at 2008-5-17 15:32  Profile  Space  P.M.  Buddy 
Most of us are using this payment terms now,just take it easy~

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Post at 2008-5-19 19:11  Profile  Space  P.M.  Buddy 
which is good payment. don't worry





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shallysun (sherry)
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Post at 2008-5-20 22:30  Profile  Space  P.M.  Buddy 
TKS you all ,lots of kind man here !





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Solitaire
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Post at 2008-5-21 13:04  Profile  Space  P.M.  Buddy 
Pls take your eyes on the goods!It is not as easy as the uppers said![A Professional Business Forum]8~)p0x+Y(X/l*I)D%g
8T8u&Y)_*z1n'H6}(h
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!
.q"G0`5L.B!A+d8nbusiness forum,trade forum,business opportunity,Business China,Business India,Brazil business
(z)}+m8\+T6u3HFOB Business ForumSo 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!

^1J:e+F$~,T7m$Iwww.fobshanghai.comwww.fobshanghai.com#k*~7@4O,u.B3I
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!
4V#[6Q9^8d-O[A Professional Business Forum]$p(|%l,{"c)R#J
http://www.66law.cn/channel/lawarticle/2006-03-20/797.aspx
7]!m4B/K!N2?-T-x.@[A Professional Business Forum]
#l/t+g;N6O)~www.fobshanghai.comhttp://blog.china.alibaba.com/blog/ddcizjc/bookmark/163967.html
(Q#]9B'A6I#\2YFOB Business Forum
*j-[9D:d1~8E$]$Z#QFOB Business Forumhttp://zhidao.baidu.com/question/33348181.html
-O6y5n5f:_www.fobshanghai.comFOB Business Forum$J'\._!k x7r&F"^'q
"b%f$D3s*F+P-i(y

QUOTE:
Originally posted by shallysun at 2008-5-17 15:07 FOB Business Forum7_,L.`8}-r7z'\
Fob shanghaiFOB Business Forum;g6`"w%m#B W
Payment detail : 30% before production, 70%before Fax B/L
-A6U3d+i"Y!F3c/B7nwww.fobshanghai.comexport to Finland
'Z&K3@2A-T+c:E,v5Zbusiness forum,trade forum,business opportunity,Business China,Business India,Brazil businesspointed carrier FOB Business Forum/^7w4U/F!B2^5~

1m4p:v,H0m$Pwww.fobshanghai.comthis 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!

4j8_.d(L!p)T4Q
FOB Business Forum'}$S2A7]0z9f!S
[ Last edited by Solitaire at 2008-5-21 13:10 ]





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shallysun (sherry)
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Post at 2008-5-24 09:48  Profile  Space  P.M.  Buddy 
Reply #8 Solitaire's post

what you said is what I'm thinking www.fobshanghai.com2G0q$];s$F&Z/C)[:W
thanks a lot to tell me how to deal with
0?$s2z)Y"E4L0q(Z8z/_FOB Business Forum
7c7m n!I)v&n[A Professional Business Forum]Tks





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boxriver
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Post at 2008-5-24 10:28  Profile  Space  P.M.  Buddy 
#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

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bankruptcy
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Post at 2008-5-26 22:44  Profile  Space  P.M.  Buddy 


QUOTE:
Originally posted by Solitaire at 2008-5-21 13:04 0_9r3`:K1R(W"b*g
Pls take your eyes on the goods!It is not as easy as the uppers said!
;u0E1v(g,J/_+\%T5B7Hbusiness forum,trade forum,business opportunity,Business China,Business India,Brazil businessbusiness forum,trade forum,business opportunity,Business China,Business India,Brazil business4s)k(D$k:K-Q.h'D2H7j(~0F
: for your term is FOB not CNF,and also the forwarder is appointed by your customer but not yours!www.fobshanghai.com.R&x+d&~#W(z

/m3R(f4J!G3[)I)X!H)yFOB Business ForumSo 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!
7G-S;q2Q#I-P-Cbusiness forum,trade forum,business opportunity,Business China,Business India,Brazil business0O.h0b1`.M2{5k#w
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!www.fobshanghai.com3A$D:M-T!o&T4\/X&_;j(v
[A Professional Business Forum]$a(g&_&|&{,y,J
http://www.66law.cn/channel/lawarticle/2006-03-20/797.aspxFOB Business Forum0r3D3Q&})l"H%m7|

-X0o)D5l7Q6xFOB Business Forumhttp://blog.china.alibaba.com/blog/ddcizjc/bookmark/163967.htmlFOB Business Forum8U&Q9i)U(O$A)]1@
9^'V9e&V,x,B5u9l+t:i
http://zhidao.baidu.com/question/33348181.htmlFOB Business Forum/G/f4` t(|7F
FOB Business Forum)P$y;^7g6{2S(r

*b6`9n+_9G5?"a2VFOB Business Forum

+b8t:l%d![7w8P8R4ibusiness forum,trade forum,business opportunity,Business China,Business India,Brazil businessFOB Business Forum#X!O&t;|0V7}'o%}
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 .

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Solitaire
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Post at 2008-5-27 09:07  Profile  Space  P.M.  Buddy 
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!





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bankruptcy
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Post at 2008-5-27 18:14  Profile  Space  P.M.  Buddy 


QUOTE:
Originally posted by Solitaire at 2008-5-27 09:07 FOB Business Forum6Z1^$y"@*K
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!

7n#}$t4t:q;w'Ybusiness forum,trade forum,business opportunity,Business China,Business India,Brazil businesswww.fobshanghai.com+D%i7U!b,a6o1T9k3L1q
it is not safe all the time! i agree with your this iidea. but i will do it because i trust my client and ship forwarder,i think the credit is very very important for buyer and seller !www.fobshanghai.com5_'l6~1?+E9p3t9{;I
Maybe, my boss touch my idea, he is crazy business man, we make 100000USD goods if our client give us only 50000.00USD order.
,c(K;n"D8i7]'iFOB Business Forumbut it is any down payment for more 50000.00usd, i also feel it is unimaginable . but he said : he trsut that client. i enjoy the way which he make business deeply.
6C.C;I!w5G&n0l7twww.fobshanghai.com#F3~$T-C*Y4T
[ Last edited by bankruptcy at 2008-5-27 18:15 ]

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sunnysunshine12
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which is right and which is wrong

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okurakk
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Post at 2008-5-29 21:45  Profile  Space  P.M.  Buddy 
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.1_+{*\*y1b
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.
4r+k-R+_+^%OFOB Business Forum3) 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.FOB Business Forum7Z3O-T:r%c1u"f*D
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?

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