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If you want it done right, do it yourself?
Post 1 of 3
Womblew
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I’m reading a lot of negative commentary on buyers getting ripped off by counterparts in unfamiliar or far-flung countries. Is it necessary to have someone on the ground in a foreign country to ensure you’re import deal goes smoothly?  Is that the only way??!

 

09 Nov 2005 22:41
Post 2 of 3

You can say that, pay on the spot are always the best way. Even with Apple now, who will know their nano screen are crack? assume you are getting the stock for sure, but how do you ensure it is what it 'supposed' to be?

Other way could be use L/C and ask reliable agents to do the inspection, then you could shift the risck on them.

09 Nov 2005 23:22
Post 3 of 3
Quoting from [Womblew]:

I’m reading a lot of negative commentary on buyers getting ripped off by counterparts in unfamiliar or far-flung countries. Is it necessary to have someone on the ground in a foreign country to ensure you’re import deal goes smoothly?  Is that the only way??!

 

 

 



well comerce is always a risk, for a first time exchange, it is better to take precautions, like L/C or someone inspecting it, or yourself going there if possible. But cost is the issue here. Inspection copnaies serious one are expensive, and cheaper solution might not be the best option. Usualy just the fact that the factory know that an inspector will be there, it makes them more careful.
 
 In L/C that banks will be involved at least the money transaction is safe(still you should study the L/C cause sometimes if you so not know how to prepare one you can make mistakes that will end up in fines by the bank ). Also what kind of insurance you are aksing for, if you do. trading between finland and canada doesn't need war risk insurance, but some product need a special risk insurance...
But never you can be 100% sure you will receive everything right
10 Nov 2005 03:41
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