Cash on Delivery, is it very risky for suppliers ?
Post 1 of 36
Does anybody know the payment of cash on delivery? Is it very risky for suppliers?
Please help me, thanks in advance!
Please help me, thanks in advance!
28 Jun 2006 00:47
Post 2 of 36
Replying to [valerie]:
HI .NO ITS NOT RISKY .IT IS ALSO KNOWN AS TO PAY METHOD.THE SUPPLIER WILL SEND MATERIAL AND THE FORWARDING COMPANY WILL CONTACT YOU WITH DOCS TO SHOW THAT MATERIAL HAS REACHED.AND THEN YOU PAY AND THE CONSIGNMENT WILL BE HANDED OVER TO YOU.SAFE FOR BOTH CONSIGNOR AND CONSIGNEE
HI .NO ITS NOT RISKY .IT IS ALSO KNOWN AS TO PAY METHOD.THE SUPPLIER WILL SEND MATERIAL AND THE FORWARDING COMPANY WILL CONTACT YOU WITH DOCS TO SHOW THAT MATERIAL HAS REACHED.AND THEN YOU PAY AND THE CONSIGNMENT WILL BE HANDED OVER TO YOU.SAFE FOR BOTH CONSIGNOR AND CONSIGNEE
11 Jul 2006 22:49
Post 3 of 36
Replying to [NIDHI]:
No,it is risky.If supplier loaded some other things in the container and forwarding companies actually is not able to know what is the exact commodity in it.So if so consignee pay after cash it is risky.
I am a forward in Shenzhen,China.I always suggest customers not take this kind of payment method.
Hope all my good friends do secure work!
No,it is risky.If supplier loaded some other things in the container and forwarding companies actually is not able to know what is the exact commodity in it.So if so consignee pay after cash it is risky.
I am a forward in Shenzhen,China.I always suggest customers not take this kind of payment method.
Hope all my good friends do secure work!
13 Jul 2006 23:24
Post 4 of 36
Replying to [valerie]:
In international trade...there is no such thing as Cash On Delivery.
James
Malaysia
In international trade...there is no such thing as Cash On Delivery.
James
Malaysia
14 Jul 2006 14:22
Post 5 of 36
Replying to [James Thomas]:
"In international trade...there is no such thing as Cash On Delivery"
Hi,
I believe D/P is based on the same principles as COD.
Regards,
"In international trade...there is no such thing as Cash On Delivery"
Hi,
I believe D/P is based on the same principles as COD.
Regards,
20 Jul 2006 06:32
Post 6 of 36
Quoting from [rchas]:
Replying to [James Thomas]:
"In international trade...there is no such thing as Cash On Delivery"
Hi,
I believe D/P is based on the same principles as COD.
Regards,
Rchas, I can see what you mean by similar but seller still assumes all the risk. Also what carriers do this type of transaction? I have yet to find one that says they would. Maybe for an additional fee someone would.
Best regards,
Ranger
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21 Jul 2006 03:24
Post 7 of 36
Replying to [Ranger]:
".....what carriers do this type of transaction?..."
Ranger,
Banks are involved in D/P and not carriers. Basically, the seller sends the invoice, B/L and all the relevant documents to an agreed upon bank. Usually, this is the buyer's bank.
Buyer agrees to pay as per the terms and the bank releases the documents with which the buyer can take delivery of the goods from the shipping company.
D/P sight means that the buyer first pays the bank and is then given the documents. D/P x days means that the buyer has to pay after x days. Therefore, D/P sight is quite similar to COD except that banks are involved instead of carriers. However, D/P x days allows greater flexibility since the buyer can pay later.
As with COD, the seller assumes a significant portion of the risk with D/P. If the buyer refuses to take delivery, the bank cannot enforce it and has no other option but to return the documents to the seller.
With small shipments, the supplier ships to the buyer's bank. In the case of D/P sight and the bank releases the shipment only after getting paid. With D/P x days, the bank releases the shipment but makes sure that the buyer pays after x days.
Therefore, in principle, D/P is quite similar to COD except that banks are involved in the transaction.
Regards,
".....what carriers do this type of transaction?..."
Ranger,
Banks are involved in D/P and not carriers. Basically, the seller sends the invoice, B/L and all the relevant documents to an agreed upon bank. Usually, this is the buyer's bank.
Buyer agrees to pay as per the terms and the bank releases the documents with which the buyer can take delivery of the goods from the shipping company.
D/P sight means that the buyer first pays the bank and is then given the documents. D/P x days means that the buyer has to pay after x days. Therefore, D/P sight is quite similar to COD except that banks are involved instead of carriers. However, D/P x days allows greater flexibility since the buyer can pay later.
As with COD, the seller assumes a significant portion of the risk with D/P. If the buyer refuses to take delivery, the bank cannot enforce it and has no other option but to return the documents to the seller.
With small shipments, the supplier ships to the buyer's bank. In the case of D/P sight and the bank releases the shipment only after getting paid. With D/P x days, the bank releases the shipment but makes sure that the buyer pays after x days.
Therefore, in principle, D/P is quite similar to COD except that banks are involved in the transaction.
Regards,
21 Jul 2006 12:37
Post 8 of 36
Replying to [valerie]:
never do C.O.D delivery,i was rip off by one scotland customer one year ago for 6 prs timberland,another guy from uk sheffield owe me usd5100,later i try to get it back,but he found a lot of trouble with me ,and a usa guy steal me 70prs shoes,good is that the usa guy rip off my money ,his brother was shocked.
still a uk customers owe me usd5100 ,he bout almost all for timberland.
another a student owe me usd1800 now disappear ,and another student usd400
a men from uk usd770
do be carefull with cod.better not earn money.
some guy also troublesome,they not pay you money,and when you angry with them,they will warming you ,especially some parttime job guys.
Report some cod scammer: uk sheffield,uk tel no.0044-20.....
name of the guy owe me money: alex,mark south(student) ,oliver,darren,ashley robert,leo scot(student)
never do C.O.D delivery,i was rip off by one scotland customer one year ago for 6 prs timberland,another guy from uk sheffield owe me usd5100,later i try to get it back,but he found a lot of trouble with me ,and a usa guy steal me 70prs shoes,good is that the usa guy rip off my money ,his brother was shocked.
still a uk customers owe me usd5100 ,he bout almost all for timberland.
another a student owe me usd1800 now disappear ,and another student usd400
a men from uk usd770
do be carefull with cod.better not earn money.
some guy also troublesome,they not pay you money,and when you angry with them,they will warming you ,especially some parttime job guys.
Report some cod scammer: uk sheffield,uk tel no.0044-20.....
name of the guy owe me money: alex,mark south(student) ,oliver,darren,ashley robert,leo scot(student)
12 Dec 2006 09:25
Post 9 of 36
Replying to [valerie]:I think it is risky![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
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29 Apr 2007 00:10
Post 10 of 36
Replying to [valerie]: It´s always much better to get a T/T in advance, but if you want to sell with Cash on delivery terms you NEED to be 100% sure that the shipping company that you use are able to offer you a 100% safe shipping service. All the best Jens
03 May 2007 03:42
Post 11 of 36
Replying to [importghuru]: It´s the perfect way of doing COD business, for sure
03 May 2007 03:45