6 Risks Of Export Business
(1) the poor quality of the documents results in the risk of foreign exchange collection.
Although it is stipulated that the foreign currency is settled by L / C and shipped on time, the documents delivered to the negotiating bank are not consistent with the documents, so that the letter of credit can promote the proper protection.
At this point, even if the buyer agreed to pay, he paid for expensive international communication fees and discrepancy charges, and the time for collection was greatly delayed. Especially for smaller contracts, the seven deduction would be a twenty percent off loss.
(two) the specification and date of shipment do not conform to the contract stipulations, resulting in the risk of foreign exchange collection.
The exporter fails to deliver the goods in accordance with the contract or letter of credit. First, the production plant delays the delivery, causing late delivery; two, products with similar specifications are substituted for the products stipulated in the contract; three, the paction price is low and shoddy.
(three) risks arising from the trap clause stipulated in the letter of credit.
Certain L / C stipulates that guest inspection certificate is one of the main documents for negotiation.
The buyer will seize the psychology of the seller eager to deliver goods, and deliberately pick on it, but at the same time, he proposes various payment possibilities to induce the company to ship.
Once the goods are delivered to the buyer, the buyer will probably fail to inspect the goods intentionally and delay payment, even if the money or goods are two empty.
The letter of Credit stipulates that the delivery date will expire within 7 working days after the issuance of the shipping documents.
Such negotiable clauses and beneficiaries are not guaranteed and must be carefully examined.
If there is a trap clause, notice should be made to modify it in time. Do not be greedy for a while and save risks for the future.
(four) there is no complete set of business.
management system
。
Export is involved in every aspect, and both sides are prone to problems.
If the enterprise does not have a complete business management method, once a lawsuit arises, it will lead to a reasonable failure to win, especially for those who only pay attention to telephone contact.
Secondly, because of the expansion of the source of the enterprise every year, in order to have a definite aim in the trade, it is necessary to set up business archives for every customer, including credit, trade volume and so on.
(five) using D/P and D/A
Forward payment
Risks arising from way or consignment.
The deferred payment method is a long-term commercial payment method, such as the way the exporter accepts this method is equal to the importer's financing preference. Although the opening witness voluntarily pays the deferred interest, it is on the surface that the exporter's advances and loans are only necessary. In essence, the customer is waiting for the quantity of the goods to be checked and checked after the goods arrive at the port.
If market changes are not smooth, importers may apply for bank refusal.
Some companies send goods to students and friends who do business abroad.
They think they are related to customers, and there is no problem of collecting foreign currency.
Once there is a sluggish sales or customer problem, not only will the money be lost, but the goods may not be returned.
(six) contrary to the agency system.
risk
。
As far as export business is concerned, the real practice of agent system is that the agent does not advance the funds to the client, the profit and loss are borne by the client, and the agent only charges a certain agency fee.
This is not the case in the actual business operation.
The reason is that its own customers are few, the ability to collect foreign exchange is poor, and strive to complete the index. Two, we want to make more profits, and the agency fees are low.
- Related reading
- Street shooting popular | The Canon Of The Lattices Does Not Defeat The Back Rate Of One Hundred Percent
- Web page | Six Ways To Select Silk Quilts
- Popular color | The Most Colorful Eye Coat Of The Caron Dragon Is Different.
- Advertising blockbuster | Vanessa Mooney Jewellery Blooms Luxurious Moments
- Sichuan | Shoe Enterprises Plan To Spanfer And Undertake Shoes Industry Spanfer Industrial Park Arises At The Historic Moment
- Shoe Market | Innovating The Factory Order Market Mode To Realize The Revitalization And Development Of Chengdu Footwear Industry
- Foreign exchange trend | Song Hai: RMB Should Be Freely Convertible In 2020.
- financial news | RMB Or Ushered In Its First Annual Depreciation
- Footwear industry dynamics | Can Ziyang And Chengdu Sing The Shoe Industry "Shuangcheng Ji"?
- Recommended topics | The First Shoe Factory Ordering Center In China Is Located In The Capital Of Chinese Women'S Shoes.
- A Brief History Of A&F'S Rise And Fall: CEO Will Retire For 11 Consecutive Quarters
- Do You Dare To Talk About Salary?
- The Secret Of Success Of "Sales God"
- Financial Management Three Adult Design Requirements
- 5 Dimensions In Financial Analysis Of Enterprises
- 2015 New York Men's Fashion Week Details Released
- Several Special Cases In The Process Of Contract Performance
- The Third Party Model Of Electronic Invoice Business Is Popular
- Double 12 Taobao Combined With 2 Nationwide Stores Launched Offline Activities
- Fashion Design Circles Pay Attention To "Famous As Early As Possible" Family Support Is Very Important.