I would like to know How the importer/buyer can verify the goods, shipped to him by exporter before making final payment to the bank or releasing the documents
2) Does he require any documents from Bank or exporter side to inspect the goods which he ordered to an exporter
3) can the buyer / importer inspect the goods him/herself or he can also authorize someone on his behalf to inspect the goods
4) what if, he play the tricks and refused to accept the goods on grounds of quality or some other reason, is there any way out to this conflit / issue, how it will be resolved.
thanks & regards
We are engaged in same type of work, and inspect the goods on behalf of our customers, if their supplier is from China or Hong Kong.
So you canalso appoint someone as your agent to check the goods before loading.
FF wrote:I would like to know How the importer/buyer can verify the goods, shipped to him by exporter before making final payment to the bank or releasing the documents
2) Does he require any documents from Bank or exporter side to inspect the goods which he ordered to an exporter
3) can the buyer / importer inspect the goods him/herself or he can also authorize someone on his behalf to inspect the goods
4) what if, he play the tricks and refused to accept the goods on grounds of quality or some other reason, is there any way out to this conflit / issue, how it will be resolved.
thanks & regards
If you are a buyer and you want to inspect goods before they ship and before final payment is released then you best include this in your agreement with the supplier when you place an order.
If you are paying by TT then most suppliers will require a deposit to protect themselves should you decide not to take the goods for any reason including rejection at inspection stage.
If you are paying by LC then the supplier will forfeit payment if you cancel the order at inspection stage due to quality issues.
So from a buyers point of view inspection before shipping is vital to ensuring that you get what you are paying for.
Quoting from [FF]:I would like to know How the importer/buyer can verify the goods, shipped to him by exporter before making final payment to the bank or releasing the documents
2) Does he require any documents from Bank or exporter side to inspect the goods which he ordered to an exporter
3) can the buyer / importer inspect the goods him/herself or he can also authorize someone on his behalf to inspect the goods
4) what if, he play the tricks and refused to accept the goods on grounds of quality or some other reason, is there any way out to this conflit / issue, how it will be resolved.
thanks & regards
Quoting from [FF]:I would like to know How the importer/buyer can verify the goods, shipped to him by exporter before making final payment to the bank or releasing the documents
2) Does he require any documents from Bank or exporter side to inspect the goods which he ordered to an exporter
3) can the buyer / importer inspect the goods him/herself or he can also authorize someone on his behalf to inspect the goods
4) what if, he play the tricks and refused to accept the goods on grounds of quality or some other reason, is there any way out to this conflit / issue, how it will be resolved.
thanks & regards
There different way in which seller/buyers can verify the goods, shipped to him by export before making a final payment to the Bank oe release of documents.
1.The consigment paper send by the seller must include, the type of products, quality of the products and quantities and other pertinents information that will help the buyer knows and understand the overall condition of the product shipped.
2. The importer is expected to give a letter of credit issued by his Bank to the export, and Bank Guarantee of Fund upon the satisfactions of certain contigencies expressed by the exporter. These contigencies will include inspection and mode of inspecting expected to be performed. But must importantly, the inspection is always based on two key areas, which are Quality and Quantity.
3. The importer is expected to inspect the goods, before finally accepting the the goods. he can do this himself or appointed an independent agent specialized in quality control to inspect the goods.
4. This is always an issue in International trade, a sample of the goods is expected to be given in advance by the exporter to the importer or the importer is expected to have a pre-understanding of the products, that is why inspection is required before the goods leave port of orgination to the port of destination. A signed document is required to be signed by both parties, stating the conditions under which the goods would be accepted, this document of understanding is bidding to both parties. This will eliminate the issues of acceptance and rejection of the goods.