Last month, one of my clients was satisfied with goods price and let me give him PI and arrange to produce. And when I asked him to pay us 30% advance or open L/C.but he refuse, and he told me his payment is By T/T 50% after shipping the containers and giving him the copy of B/L,and the Balance will be by cash against Documents by Bank.
Before I not face this payment. so I told him I must check all with friends or Bank. and relpy him soon, because I don't want to lose a client, And he also told me he will come here and inspect the goods, So I tell him we can arrange the factory produce at the first.

And last week , the client came here. And I took him the our factory and inspected all the goods, and he was so satisfied with the quality, Then I told he must pay us the advance 30% by T/T before shipping out. And the balance will be payed with 10 days after the copy of B/L.
But he refuse it, that time I felt he looks like a cheat, and not the honest to cooperate with us. Usually, when he inspected the goods is ok. he should pay the advance before shipping. But why he refused.

And now he came back to his office ,and everyday let me arrange to ship the goods. I told him, no problem, if you pay us the 30% advance before shipping, but he couldn't accept, he said to me he will pay 50% after shiping, I refused him too.

He couldn't believe me , why will I believe him? But everyday,when he is online, he will chat with me and let me ship the contaienr. I am so confused why I faced the client like the guy.

Replying to [Timli]:It's depending on where your clients come from. In US most of us get used to with the idea of order the products and pay 30 days after the products is delivery. We call it open credit accounts. Howerver, that mostly done domesticly in US.

Good Luck, with your deal.

Replying to [Timli]: Hi there! Since we are manufacturing company as yours, we make sure that are clients are honest. opening credit account is not safe. In your case, i think you have much trust to your client, but you need to make sure that he also trust in you. our terms of producing goods is by wire transfed, 50% down payment and 50% when they recieve the goods. Sometimes we are incountering some problems, but we are doing our best to solve it..

Replying to [Timli]:

It is quite simple story. Please just stop trying to make deal with him as he is far away from the standard trade manner. You have to run the risk ( almost 100%) to being cheated if you ship your goods.

You'd better invest your time and energy on the other companies.

Hopefully my advice will be of help to you.

Sincerely,

It seems to me that you are dealing with somebody who is NOT genuine.
Remember: When the man says" Trust me more than 3 times" RUN!
Don't deal with him.
If somebody NEEDS to convince you he is honest, guess what, he is not!

Replying to [partsman]:
the first time you want to buy something from someone they think that you get credit straight away but you dont always cause sometimes the company say they will give you credit but then when you send your order they say your first time you make an order you have to pay but after that you will get credit so it do's not work in every country

Replying to [maryc]: i has be en find one customer same as this ,they said pay 30% at first ,and when get ship B/L copy then give 70% ,i don't know how i can do ?trust ?

It is simple, please use 30% * and 70% by LC after your send copy of B/L to your cilent.

Replying to [Timli]:

I read your problem.Whe we are business some persons like theguy also meet you.We donot lose heart.
We can find some one else.I know you want to lose this person but guy is different thinking person.
Can he give you 20 to 25 % Advance.
Let decrease the amount os T/T.What he will reply to your answer.
some times we need the buyer but we have to little downin asking the Payment.

Replying to [Timli]:
New business is always built on trust especially payment.

(Option 1)
Do you trust the buyer? In order to avoid 100% loss, suggest you ship the goods out and ask the payment before you release B/L to buyer (do not give them B/L until you got the partial money).

(Option 2)
Ask him to have his bank information, then check with the bank about the buyer's credit status. And the decide to ship or not.

Good luck

Replying to [BusLearn]:
Letter of Credit (LC)
A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.tis is safety than TT.