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Foreign trade receipts may often have errors

December 15, 2022

It took a long time and finally it was time to sign the bill. In order to conclude the transaction, we may blindly promise the foreigner's demanding payment method and eventually lose money.

After careful analysis, the reasons we often make mistakes are as follows:

1. In the bargaining process with foreign investors, we are afraid of losing the hard-won customers;

2. We are eager to seek success, and we have an eager working style.

3. We are obsessed with the future trading promises of swindlers;

4. We have indulged in the good experience of cooperation with foreign companies in the past.

In fact, these cannot guarantee the recovery of our payment. Any transaction should be based on equality and mutual benefit. We do not have to be afraid of losing customers. If your price, quality, and service can attract foreign companies to negotiate with you, a real buyer will also be afraid of losing you. You can completely adhere to your safe payment recovery payment method. Therefore, we must always ask ourselves why I want to do this transaction? Can my money be eventually recovered?

The safest way to export money:

The following are the payment methods that individuals consider to be safe. The safety factor is arranged as follows: (The safety factor should be based on the actual situation.) For reference only:

1) 30% T/T deposit + 70% current, confirmed and irrevocable letter of credit;

2) 100% current, confirmed and irrevocable letter of credit + CIF terms of carriage;

3) On-time, confirmed, irrevocable letter of credit + FOB; (preferably to arrange their own shipping company to the port of destination, and have a good relationship with the shipping company in order to control the goods)

4) 30% T/T deposit +70% see the bill of lading for fax payment; (This payment method is applicable to the business with small trade volume. If the trade amount is large, this payment method is not applied because we cannot guarantee the final of foreign goods to the goods. Demand may be due to changes in the market and foreign investors abandoned the transaction)

Other payment methods (payment methods mentioned in international trade books) I recommend not to take it lightly. Because it is not safe to do it.

Export safest countries and regions and the most insecure countries and regions:

The following are the trading countries that individuals think are relatively safe. The safety factor is arranged as follows: (The safety factor should be based on the actual situation.) For reference only.

1) United States: Because this country has really established a business reputation management system. If they have unclean history, they do not have the second time in the future;

2) European countries: mainly refer to the United Kingdom, France, Germany, Spain, Belgium, the Netherlands, etc.;

3) Canada, Australia, Japan, Korea and Hong Kong;

The most insecure countries and regions 1) African countries, especially Nigeria, where businessmen are cheating everywhere;

2) Middle East countries often face change due to changes in the war situation and the market;

3) In Taiwan Province of China, businessmen here often leave debts on the mainland.

Of course, you can't "kill the entire ship with one stick!" Everything, according to the actual situation.

The above is the Foreign trade receipts may often have errors we have listed for you. You can submit the following form to obtain more industry information we provide for you.

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