Article

Foreign trade fraud case

Written by Jamesdong

Topic: Business OpportunitiesPublished September 16, 2011
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Several months ago, in international commercial city, a trade company named “SUNNY GENERAL TRADING INC” placed an order worth ï¿¥ 50ï¼000 buying suitcases from Ms. Zhang. All the suitcases can be divided into six categories and two categories products need to be lengthened and widened.

According to the agreement they have reached before, the products were delivered in two batches. The first three categories have been delivered and transacted well and payment was processed well. The remainder three categories have some trouble. The international buyer said one category of product was produced in smaller size about 1 centimeter.

In fact 1 centimeter was normal deviation in expert’s view.

The international buyer insisted on holding the wrong point, and Ms. Zhang was forced to compromise to get back the products at the end.

Several days later, the international buyer told Ms. Zhang that the remainder three categories they could accept totally, but the price of the categories with wrong size need to be reduced.

We can see many foreign trade cases in which international buyers picked defectives to force suppliers to cut down price in the end. In fact the products are good without any problems and the buyer really bought in the end. The key point is price.

If you do not have rich experience in foreign trade and you are developing foreign trade business through B2B platforms, you can go to IBUonline homepage and register as a member in a few minutes. IBUonline launched paid service, including easy order and foreign trade entrustment service, which may help you in foreign trade.

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IBU is more than an international business platform; we not only connect global buyers and suppliers, but also participate in the whole process of international trade, provide a series of practical services (off the platform) to greatly enhance the efficiency of global trade.