By Renaud Anjoran T/T stands for Telegraphic Transfer. In other words, an international wire of funds from the buyer’s bank to the seller’s bank. … [Read more...]
The China price and product liability insurance: Never the twain shall meet
By Dan Harris China manufacturing contracts are very different from Western manufacturing contracts, for a whole host of reasons, most of which stem from either differences in laws or differences in economics. This means our China lawyers often must explain why they are doing something in a China manufacturing so different from the way the … [Read more...]
The 3 best ways for importers to pay Chinese suppliers
By Renaud Anjoran A client asked me what the best ways of paying Chinese suppliers were. Let’s go through the 3 most common options you have. It is 98% likely that one of these options is the best for you. … [Read more...]
Tips to get suppliers to care about your price request
By Jacob Yount From private label to sourcing for other industries, a common concern for new buyers is “how to get the vendor to care about my price request?” … [Read more...]
Is your supplier asking you to transfer money to a personal account in China – RED FLAG
By Gary Huang When making a payment to a Chinese supplier for the first time, you probably are at least a little concerned about getting scammed. There are a number of ways that you can reduce this risk when making payments which I’ve written about here. … [Read more...]