Selling to China

March 12th, 2010 by rose
  • We've received a purchase order for $200k of corrugated packaging materials from a company based in Bejing with terms FOB our United States location. How do we secure payment up front -- before we begin manufacturing?


  • You need a commerical letter of credit. This site explains: http://www.crfonline.org/orc/cro/cro-9-1.html Since you want to delay manufacturing until you have assurance of payment, the shipping/expiry date should be appropriate to allow for your production time. IF you have any questions, please let us know.







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