By Michael Sankowski
The first negotiation with your first Chinese supplier is done! They can provide the exact part you need. They can deliver it on time.
Importers based in the European Union must pay Value Added Tax (VAT) on top of the Customs value. In this article, we help you navigate the complexities of ‘Import VAT’ when buying from China.
Telegraphic Transfer (T/T), which commonly called ‘Wire transfer’ is still the most common payment method, when transferring money internationally.
In China manufacturing, make sure there is a level of assurance before you wire the first deposit payment to your supplier. Not so much to avoid a scams but to avoid misunderstandings in specs, thus resulting in incorrect mass production from the factory.
Many times in China sourcing, during the sampling and pre-order steps, the quoted price goes up. Is it supplier blunder, something diabolical or reasonable ebb-and-flow of pricing that client should expect in early stages?
By Li Zhang
China sourcing requires frequent interaction with supplier price quotes. Clients may have multiple price sheets per week to review. Thoughtfully reviewing supplier price quotes will avoid some of the inefficiencies that plague the importing process.
By Dan Harris
Our China lawyers are getting a new wave of American (and one European) companies contacting us about having fallen victim to what we call the China bank switch scam. The amounts lost have ranged from $22,000 to $285,000.
by Renaud Anjoran
I had the opportunity to ask a few questions to Richard Bensberg, an expert in the field of international transactions. Richard is CEO of Remitsy, a payment service provider for global commerce. His focus is on enabling British and European companies to make cheaper and quicker payments to China.
by Jacob Yount
Price quotes from China require the buyer (if they want to avoid error) to sit down, think about the project, consider what MAY go wrong and formulate questions and scenarios in their minds.
by Fredrik Grönkvist
The quoted price is often the final qualifying factor when selecting a manufacturer. However, there’s more to a price quotation that meets the eye. In this article, we explain what you must know before requesting a quotation from your supplier, and what you must look out for once they land in your inbox.
by Fredrik Grönkvist
About to pay a manufacturer in China? The payment method, and the process, often has a major impact on the outcome. In fact, it can spell the difference between success and failure, when buying from overseas suppliers. In this article, we introduce you to four common payment methods, used when transferring funds to Chinese suppliers.