Hello
I am importing a repected brand of Diesel Generator.
1) I'm new to the Importing Game - can anyone advise if an L/C , through HSBC for example, will confirm that the goods I am receiving are genuine?
2) How do I know if the unit is actually genuine - do I have comeback or insurance with an LC ?
3) Or is there really no way of knowing - and I'm always going to have some sort of risk.
Sorry for a novice post - but any help would be appreciated.
Quoting from [WorldWatch]:1. no , L/C only cares about the documentsHello
I am importing a repected brand of Diesel Generator.
1) I'm new to the Importing Game - can anyone advise if an L/C , through HSBC for example, will confirm that the goods I am receiving are genuine?
2) How do I know if the unit is actually genuine - do I have comeback or insurance with an LC ?
3) Or is there really no way of knowing - and I'm always going to have some sort of risk.
Sorry for a novice post - but any help would be appreciated.
2. usually according to ucp 600 there will be a set of rules of +/- 5% ,but now , the BILL OF LADING is more useful
3. go and check with your shipping company to get the board bill / bill of lading ..etc.
1. L/C - banks only deal in documents, not actual goods. Your L/C has nothing to do
with the authenticity of the goods.
Ask to see relevant certification for authentic goods (eg: Trademark registration).
Is this brand you mention a brand from China being supplied by the actual maker ? If so,
are you 100% sure that they are the source of this brand ?
2. If the units are indeed being supplied by the brand owner, then you should be safe.
Always add on an inspection clause in your L/C - such that an independent
inspection company appointed by you checks your cargo properly before shipment.
Your supplier should have no issues about this, unless they have some worries
from your side (it's a 2-way street) or if they themselves are scammers and get shaky.
3. You can and should do some independent research on the internet to make sure
that you are dealing with people who indeed are who they say they are. A google
search on the brand should give you a good start.
Good luck.