Getting Paid for Exports to China

Published: 21 Aug 2015 Average Rating: unrated Print

Author: U.S. Commercial Service's Asia Pacific Team

'Any sale is a gift until you have been paid!' This practical business insight is especially true for international transactions where the buyer and seller could be 12,000 miles away. Therefore, be sure to undertake appropriate due diligence when qualifying your Chinese buyers. While it is prudent to make use of the various credit reporting companies active in China, you also should ask for trade references, especially for other U.S. firms that you could easily contact. Only letters of credit from well established banks in China should be accepted.


This content is only available to members.

Register Now   Sign In

Related Discussions

Please sign in or register to post on this forum
2015-03-17 10:24:32

Financial Risk Services

Who are some alternatives to D&B and Rapid Rating you have used? I appreciate your thoughts.
Replies: 2

APM Group
2014-09-14 13:08:25

Recent UK Legal chnages

I was told recently about a change to UK Law affecting contracts and the length of time and the quantity of evidence that had to be retained as a result. Please can s...
Replies: 3
2019-08-06 08:53:51

EPC Contract Payment Mechanism

I am looking for pro's and con's of introducing a mile stone based payment mechanism for an EPC Contract compared to Progress based Payment mechanism
Replies: 1

2019-06-10 18:07:51

Effect terms and conditions have on the value of any given

In regards to commercial contracting what are the top 5 language terms and conditions that will effect the margin and or value of a deal?
Replies: 1
2019-04-09 17:39:14

Uncapped limitation of liability

I work with a Company that supplies products and services (medical equipment, chemicals, diagnostic solutions, procurement management for life science companies etc) t...
Older entries »
Replies: 4