http://www.freechinaadvice.com FreeChinaAdvice teaches you how to save yourself time, money and efforts when buying from china. Fri, 25 Jan 2008 12:50:05 +0000 http://backend.userland.com/rss092 en Lets continue.  You need to get into the mindset that the friendlier you appear, the more chances are there for you to get a better price. And not only price, but better terms of business.  You want your life to be easy in china, and this starts from embracing their ... http://www.freechinaadvice.com/food-food-food/ Ok, so now you know what are the type of documents and how to pay. Now lets talk about some action.  You need to know certain golden points in order to give the impression of a professional buyer.  The first is, leave your ego behind in your office. What they ... http://www.freechinaadvice.com/what-they-know-to-be-true-is-true/ Lets continue.  D/A: stands for Documents Against Acceptance.  This can be for 60 ,90 or 120 days. Actually it does not mean anything to have DA for 30 days since that is what it takes for the ship normally to arrive to port and since the whole point of a ... http://www.freechinaadvice.com/how-will-i-pay-6-of-6/ If we said before that lcs are no longer the preferred way of payment, then you must clearly understand the following forms of payment.  D/P at Sight : stands for Documents Against Payment. In laymans terms, the supplier does the shipment, he sends all original documents to your bank, your ... http://www.freechinaadvice.com/how-will-i-pay-5-of-6/ Before I conclude with lcs ( for now ), you might know that there are different terms involved and types of lcs you may encounter.   Ill go briefly over the main ones in case you are a little “lost” with the technical lingo:  Irrevocable : basically means that once the ... http://www.freechinaadvice.com/how-will-i-pay-4-of-6/ Ok, so you want to be a smart buyer?  Here is my pearl of advice. Always put an Inspection Company Clause in the terms of your LC.  You cannot imagine the amount of times I have saved myself from loosing money just because of this clause. By the way, I ... http://www.freechinaadvice.com/how-will-i-pay-3-of-6/ Ok, so buyers have become very smart.  Yes. The fact is that they chinese manufacturers or staff don’t know how to present documents correctly to the banks for collecting the funds once the shipment is done.  Suppliers know this, hence the reason for them not to prefer this way of ... http://www.freechinaadvice.com/how-will-i-pay-2-of-6/ Ok, so now you are a “Master” in the type of documentation that you will face. I shall be posting some real examples up so you know how these documents really look like . This will specially help the novice buyers.  There are different ways of payment you should know ... http://www.freechinaadvice.com/how-will-i-pay-1-of-6/ Finally,  The Customs Declaration Form: The information on this document is normally presented by your customs agent and it basically takes into account all the information of the invoice, packing list, bill of lading and form A.  This document is generated automatically by customs and in many countries it is ... http://www.freechinaadvice.com/don%e2%80%99t-let-your-chinese-supplier-think-he-just-cant-5-of-5/ CERTIFICATE OF ORIGIN: As simple as a certificate issued by the China Export Authority certifying that the goods are of china origin, ie. That they have been made in china.  The China Certificate of Origin used to be essential till about 5-6 years ago in order to not pay that ... http://www.freechinaadvice.com/don%e2%80%99t-let-your-chinese-supplier-think-he-just-cant-4-of-5/