Business | The Safely Sourcing China Blog

Posts Tagged ‘business’

« Older Entries

The China CEO Gift-Giving Scam

Friday, March 12th, 2010

Municipality of Tianjin
Image of Tianjin via Wikipedia

I was recently contacted by Eric Vermaas, the CEO of PT Team Wood (www.teamwood.org), a Dutch-Indonesian timber and furniture partnership based in Jakarta, to run a background check on an Import Export company based in Tianjin, China, and which had just placed an order for $915,000 USD in speciality wood furnishings.

Fortunately, for Eric I just happened to be in Tianjin at the time, as I was visiting family for the Mid-Autumn Festival, one of the two main traditional festivals along with Chinese New Year, and therefore checking them out was a fairly simple process for me.

The Chinese company details are as follows:

Tianjin Tanbo Import & Export Trade Co., Ltd.,

Address:

43 Nanjing Road, Heping District,

300350, Tianjin, China

Web: www.sjzdingsheng.com.cn

Tel: + 86 228 143 92 09

Fax: + 86 400 67 61 100 ext 1010

Email: heiyexingguang8@126.com, tanbo_2003@yeah.net

Trade Manager: Chen Jinliang

I quickly discovered that telephone number is not a land line, and is actually a mobile number known as a xiao ling tong, and which looks like a land-line number, can’t be easily traced, and is very cheap to buy.

The fax number isn’t in Tianjin and seems to be out of town, and is perhaps a fax service somewhere, hence the extension number; quite probably a big room in a cheap building with a number of fax machines in it – linked to a PBX if the extension number is anything to go by.

I visited the address provided on the website and discovered that it doesn’t actually exist. Basically the numbers on that street jump from number 35 to number 57 Nanjing Road, with nothing but an abandoned construction site between these two numbers, and therefore no sign of number 43.

Of course, all of this seemed somewhat suspicious at best, particularly more so since I further determined that they allegedly scammed a businessperson from Europe out of 8,000 Euros on or about the 22nd or 23rd of September 2009 (you can find the details here), and have also placed large orders with several other companies, in one case up to $600,000 USD in value, and all since the 31st August 2009.

I further discovered that Tianjin Tanbo Import & Export Trade Co., Ltd., also operate under the name of Hebei Dingsheng Import & Export Company, and have the same non-existent address.

In consequence to all of the above I strongly advised PT Team Wood to have nothing whatsoever to do with this “company“.

Tianjin Tanbo also failed to respond to my repeated phone calls or emails. Particularly when once they realised they had Chinese speakers, currently resident in China, on their tails. The only call we had, and which I instigated, was brief, and led to their prevarication and a lot of stuttering, particularly when I asked for their address, and they said it was the same as the website – to which I responded that I’d been to visit the location, and it didn’t exist. Whereupon they responded that they’d just recently moved. How convenient and how odd they’d forgotten to mention this when first asked, or even to update their website.

Finally, I asked them to have a senior executive call me back, and have had no response in the three days since that call – and neither do I expect one.

The CEO Gift Scam Works in the Following Manner:

1. The scammer places a large order with you.

2. They then invite you to China to finalise the contract.

3. When you arrive, they will tell you that in traditional Chinese business culture you should buy the CEO a gift commensurate with his position. This in the case of the last person I found scammed by them was for gold bars worth 8,000 Euros.

4. After you have signed the contract and returned home, they then contact you again and tell you the contracts must be translated and stamped and sealed by a notary, and that the fee for this is 1,350 Euros or something of the type.

5. If you pay that then the next step would be for them to cease contact with you, as they are in no way interested in a purchase.

Gift-Giving In China

Gift-giving in China is common in business, but a bottle of wine or a treat from your own country is usually more than acceptable, and I know of no CEO who would expect me to buy them anything expensive. Moreover, since you are a foreigner you’re usually expected to be ignorant of gift-giving in China, and so are exempt from this. Most gifts between Chinese businessmen are cigarettes, Chinese white spirits (baijiu – a strong clear alcohol), or a good tea; certainly never in the form of gold bars, unless you have plans on bribing your way into a contract.

In conclusion, and as a rule of thumb, you should never feel obliged to buy anybody any kind of gift in China during the pursuance of your business interactions. However, out of politeness, a small gift of not-too-great an expense from your own country or culture will be gratefully received and appreciated.

Safe Trading!

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-10-07 22:50:26. Republished by Blog Post Promoter

Popularity: 60%

Blog Traffic Exchange Some Related Websites
  • China's Pollution Problem. Dear EarthTalk: Has China been making any progress reducing its output of global warming gases, and/or in tackling other environmental problems? Decades of rapid-fire development and lack of government oversight has meant that China now faces some serious environmental challenges. According to research by the Netherlands Environmental Assessment Agency, China......
  • Free 90-Day Gym Membership I've got in my hot little hand a  24-Hour Fitness gift card to give away, and it would allow free access to participating gyms.  Not too shabby, I must say! To be more specific, the free gym access comes in the form of one $99 gift card that gives you......
  • How to Buy Cologne for a Man If you want to buy cologne as a gift for your father, brother, boyfriend, husband or any man on your list, it's probably easier than you think to get them a scent they'll love. Just keep a few tips in mind and it'll be hard to go wrong. Don't buy......
  • A little Chinese trivia from AWAD From: Moses Liang (yettie 163.com) Re: A.Word.A.Day--calvous Here in China, every second day of the second month of the Chinese Lunar Year (falls today [March 20]this year, the year of the Golden Pig), in most parts of northern China, people will cut their hair. In Chinese folklore, this particular day,......
  • Google Work at Home Scam I don't know if it's because I wrote about what I considered a MonaVie scam in the past, but yesterday I had a new scam knock on my door twice. It would be understandable if it was related to juice or multi-level marketing... but it's not. And sadly, I feel......

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Hall Of Shame, Scams And Scammers | 2 Comments »

Looking To Source USB Memory Sticks From China?

Friday, March 5th, 2010

Not All USB Memory Sticks Are The Same.

Would You Like Your Own Logo On Your USB?

Would You Like Your Own Logo On Your USB?

There are more than one kind of USB on the market, as perhaps you’ve noticed, they come in all shapes, colours, and sizes, and some of them even have extra functions.

Your China Trading Partner can bring you into contact with a wide range of suppliers of USB Memory Stcicks, able to meet all your price and quality criteria, whilst ensuring you’re trading with a safe company.

Whether you’re looking for 256MB, 512MB, 1GB, 2GB, 4GB, 8GB, or 16GB, we can find you what you need amongst our list of suppliers here in China.

Additionally, if you want a corporate logo on your USB sticks we can help you with that too.

You can have single colour, as in the image to the right, or multi-colour, the choice is yours.

You may discover that having your own logo on your USBs is a lot cheaper than you at first thought.

How about aluminium or steel cased USBs?

How about aluminium or steel cased USBs?

How about aluminium or steel cased USBs for that extra look of class and style?

What about biometric fingerprinting technology in your USB sticks?

Would your clients such as lawyers, accountants, hospitals, insurance companies, and government departments find the extra security of fingerprint scanning technology built into their USB memory stick of value?

Biometric fingerprint USB systems are extremely quick and accurate, and can hold several thumb prints, so that in the event of an emergency, another person with predefined permission may access the data on the stick.

What about biometric fingerprinting technology in your USB sticks?

What about biometric fingerprinting technology in your USB sticks?

In this day and age, security is of vital importance. Have we not often heard of times when sensitive data has been lost, and suddenly turns up in the press, after an ordinary USB stick has been found on the train where it was first lost. Your company and your clients could be saved from a lot of embarrassment if they utilised such excellent technology.

Again Your China Trading Partner can provide you with all you want in that area too.

If you’re interested in knowing more then just drop us an email to discuss your needs.

Trade Safely!

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-24 15:59:18. Republished by Blog Post Promoter

Popularity: 20%

Blog Traffic Exchange Some Related Websites
  • Why Do We Have Money? Part I I submitted this question to my parents after watching an episode of Star Trek as a lad.  The sci-fi show exists in the 24th century where after a massive war in the 21st century the human race finally came together after meeting their first aliens.  The culture of their......
  • Malama Ohana Group Listings (or any other Prosper Group) This feature displays a group's active listings randomly. If there are no active listings it display a random completed listing. As an example here is the group Malama Ohana: Here is the group Lend2: Here is the code to display a groups listing (Malama Ohana in this case). The parameter......
  • Understanding the Symptoms of Menopause The first thing to know about menopause is that it is neither a disease nor an illness, but is rather a completely normal phase of development that every woman eventually goes through. The purpose of this phase is to mark the time when menstruation and fertility of the woman begins......
  • What You Need To Know When Buying Used Hardware Refurbished network hardware is the latest thing for hip IT managers who consider themselves in the know. The used equipment is often renovated by various resellers and integrators, reset and error free. They are then sold in the secondary market at up to 90% off of list price. Products are......
  • How To Market And Sell Video Products On The Internet Internet TV is here-its name is Brightcove.com. Have you been asking yourself what TV will look like when it moves online? It already has, and you can see for yourself by visiting the Brightcove.com site. Although Brightcove is marketing itself as the ideal host for all producers and marketers of......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Product Suggestions | 2 Comments »

Why I Don’t Source Brands For Parallel Or Grey Export From China.

Thursday, March 4th, 2010

Drafter at work : Drafters pay careful attenti...

Drafter At Work (Model Used For This Image)

Just why won’t I source iPhones, XBoxes, and the like, from China?

Well, I’m going to keep this brief, and to the point, and use Microsoft™ and Apple™ as examples, since they’re really very commonly sought after brands.

The Russian and other Caucasian mafias are very organised, and have a lot of funding behind them.

Consequently, having a technician take a piece of equipment, such as an Xbox or iPhone, apart, and making technical drawings of the product, isn’t really a matter which presents them with any great difficulty.

Having business cards made claiming they represent Microsoft™ or Apple™, presents them with equally as little difficulty.

Printing headed paper for letters, and bonded paper for business production and distribution RIGHTS licences, for the purpose of confirming that a company is being granted the RIGHTS, to manufacture and distribute, the Xboxes and iPhones they manufacture, under that licence, is no problem either.

Sending some men, and a beautiful female interpreter, to China to convince Chinese factory owners that they are genuinely being granted licences to manufacture and distribute “genuine Microsoft™ or Apple™” products, presents just as little difficulty.

Of course, when once they arrive in China, and some small, medium to large electronics company, in central China, in the middle of nowhere, is paid a visit by the mighty Microsoft™ or Apple™ corporations’ representatives – then they are, of course, deeply humbled and just can’t believe their luck; whilst afterwards,  it takes them at least a fortnight to stop smiling at themselves, and they will never tire of boasting of their new connection with the mighty Microsoft™ or Apple™ corporations.

After wining and dining their esteemed and honoured guests, they then find themselves being presented with the license to manufacture and distribute on behalf of these great names.

It’s like being granted a license to print money!

Within months their goods are being bought and sold in China, and then sent abroad to small buyers, purchasing through the internet, looking to make a buck by buying cheaply from China.

Of course, the reality is that a genuine REGIONAL MANUFACTURER or DISTRIBUTOR, would never dare risk losing their license by selling outside of their geographically acknowledge sales region.

Meanwhile, the Chinese manager producing the goods, hasn’t the slightest idea that he’s producing fakes. He thinks it’s all real. After all, the people who came, where all foreign, white, big, wore expensive clothes, shoes, and watches, and stayed in the most expensive suites in the most expensive hotel in town.

They even had business cards, letterheads, secret plans and technical drawings, and bonded licence paper, and a company seal.

What is there to doubt? How could the factory owner possibly doubt them?

And I bet this goes on in other countries such as India, Pakistan, and elsewhere.

I suppose you can now see why I won’t touch named brands in China for the purposes of export.

It simply isn’t worth the risk to me, my reputation, to you, or your clients.

If you want the genuine goods, then speak to the OFFICIAL Microsoft™ or Apple™ DISTRIBUTOR (or whatever brand) for your particular geographic region. A quick visit to their websites should provide you with that information.

Do yourself and your clients a favour.

Why do you think you’re going to get them cheaper here?

Safe Trading!

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-31-12 13:27. Republished by Blog Post Promoter

Popularity: 9%

Blog Traffic Exchange Some Related Websites
  • Profitable Info Products You've got some ideas for products already, and it's quite likely that you've drafted ideas that while they may not originally have been for info products, they would make a viable one all the same. No matter what ideas you came up with in the last section, I still......
  • What's a Domain Name? The Internet domain name system (DNS) consists of a directory, organized hierarchically, of all the domain names and their corresponding computers registered to particular companies and persons using the Internet. When you register a domain name, it will be associated with the computer on the Internet you designate during the......
  • Frbiz.com reports Apple Tablet PC with the new details of the Exposure iPhone OS System Have reliable sources of Apple's new Tablet PC 10-point detail. To sources, Apple will use the Tablet PC iPhone (mobile Internet) OS operating system. 1. Apple has developed for at least 3 different prototypes of the Tablet PC, Apple Tablet PC may be called the "iPad". 2. Apple Tablet PC......
  • iPhone OS 3.1.3 Update Brings Jailbreak Woes [/caption] Apple released version 3.1.3 of the iPhone operating system (OS) on Tuesday, much to jailbreakers dismay. The update, which is available now via iTunes, fixes a number of known bugs, patches known security issues, and improves various iPhone features. However, despite the good news for the majority of regular......
  • Google Treasure Chest - it's a scam and a half! Introduction While fishing around for some chords I came across azchords.com - as you do.  They've a shedload of Google ads and I accidentally hit the banner ad while trying to get rid of pesky popups (why do sites still do this now?)  I was taken to the website of......

Tags: , , , , , , , , , , , , , ,
Posted in General Information, Scams And Scammers | No Comments »

A German Company Discovers The True Meaning Of “Ripped-Off”

Thursday, March 4th, 2010

A Shockingly Interesting And Extremely Cautionary Tale From China.

Jamil Anderlini, in the Financial Times, published on July 27 2009, presented an article entitled “A cautionary tale from China“.

Well, as you know I live and breathe in China, and so felt more than a little compelled to read the article.

What I first noticed, after having read it, was how quiet the Chinese media had kept it – no surprises there I guess.

My next thought was, how dumb the victim, one Mr. Klaus Hilligardt, had been by entrusting his personal life, money, and home, and more particularly his business into the hands of his chosen Chinese managers; not a particularly wise move, as you will discover as the story unfolds.

The victim had his whole company stolen from under his very nose. I mean the guy didn’t even have absence from China as an excuse, as he was resident here for virtually all of the time preceding the eventual disappearance of his company.

Victims aren’t made – they’re born!

And this is a point I keep trying to make to those of you who read me here, and to those of you who email me in the hope that I can get your money back, and which you just kind-of gave away to someone on the other side of the planet. OOPS!

Basically, the Chinese management team of this company, which runs all the major advertising hoardings in China, predominantly on the underground, and national rail lines, set up there own ghost company, which included a logo not unlike the actual company they worked for; the senior Chinese manager, then sold the rights to the new company to take all their clients, and establish themselves as the new market leaders, using money from the victim’s own company to do so, whilst still being paid a salary from the victim’s company – I MEAN, SHAME JUST HAS NOWHERE TO HIDE IT’S FACE IN SHAME!

Image Copyright Financial Times Newsaper Group

Image Copyright Financial Times Newsaper Group

This is assault, battery, rape, and then being peed and shat on for extra measure, before being poked in the eye with a pointy stick, just when you thought it was all over.

In the end, the German managers from the parent company flew over to China, and ran a raid with the police, on the offices, into which the Chinese management had barricaded themselves, before arresting them and hauling them of for intense questioning.

Now, why am I telling you about this? Just because it happened in China? No! I’m telling you because the victim had several years of experience in Asian countries, but failed to learn the language, or the culture, and allowed himself to be walked up the garden path and given a damned good seeing to under the shady apple tree behind the garden shed.

My point?

Very simple. You need me.

China has been my home for the past 8 years, and has been a better home to me than my native England, in many ways, and I am very grateful to her for that.

But still, this is the Wild-East folks, and you greenhorns gotta watch out for Los Banditos Chino, because they can be pretty mean  Hombres to deal with.

Safe Trading!

Here’s a link to the original article for which you may have to sign up to a free membership to read: www.ft.com/cms/s/0/e4103832-7a87-11de-8c34-00144feabdc0.html?nclick_check=1#

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 06:12:20. Republished by Blog Post Promoter

Popularity: 97%

Blog Traffic Exchange Some Related Websites
  • Macau News October 2007 APEC says wait Macau will remain in the long queue of candidates seeking to join the Asia Pacific Economic Cooperation (APEC) forum. How long? At least three years, according to a recent APEC meeting in Sydney. Why wait? No reason was given by Australian Prime Minister John Minister, who announced......
  • Search Engine Marketing-How It Differs From Search Engine Optimization Search engine marketing is a set of marketing methods used to increase the visibility of a website in search engine results pages. Types of search engine marketing include; search engine optimization, pay per click, paid inclusion, and social media optimization. Search engine marketing differs from search engine optimization which......
  • Attention – Do Not Fail For Dating Scams In our days, dating frauds are becoming more common. That's why it is better to know from the beginning how to protect yourself from fraud when using Internet personals and dating agencies. Many people try online dating in order to find a partner, but many of them don't know that......
  • My Grandfather In-Law: A True Veteran Hero Sometimes A majority of the time I am an idiot. Today is one such case. My wife and I are scrambling around to get some chores done like it's any other Wednesday. I knew that it was Veteran's Day as that is the reason my military wife is home to......
  • linklings, playing the building edition Yet another week gone by! Hard to believe. If you're looking for part 3 of my location-independent family posts, don't worry, it's coming next week. The Carnival of Careers will be here, too. And in the meantime I've managed to work a heavy-overtime week (the extra money wasn't necessary but......

Tags: , , , , , , , , , , , , , , , , , ,
Posted in General Information, Scams And Scammers | 3 Comments »

SafelySourcingChina.Com Is Launched

Wednesday, March 3rd, 2010

The More Things Change, The More They Stay The Same – When Is A Blog Not A Blog?

Well, I decided that although I like the look of the blog here at yourchinatradingpartner.com/blog, and that WordPress has a great deal to say for itself, as a very manageable blogging tool; I just felt it was a wee bit slow.

I mean, you come to the YourChinaTradingPartner.Com page, and you get a very nice fast load. However, when you drop down a directory into the blog, I found it to very often take a monumentally long time to load the page, and it was driving me nuts.

So, to solve the problem, and generate a lot of new work for myself, I built an HTML version of the blog, and slapped it on its’ own host at www.SafelySourcingChina.com.

Of course, this has presented me, the novice, with certain issues, such as how to make an RSS feed of my new HTML version of the blog.

However, after a little searching I managed to find a way of doing it which suits me down to the ground. Indeed, once I’d organised my RSS, I then went and tried feeding it to FeedBurner, and it went through far more smoothly than the horror story that was my feeds, here on the blog, just a week ago, when i had to hire someone to sort it out for me.

CLICK! and I was done. I couldn’t believe how easy it was.

I’ll continue to post here, but I’ll also post the material on the new blog too, for those who prefer a speedier, if less glossy, access portal to my stuff.

If anyone’s interested in how to set up an RSS feed for their blog, then I suggest you simply go where I went, and all will be made clear.

Here’s the link: rapidfeeds.com

By the way, I just tried putting the annimated feed link bar in here from FeedBurner, but WordPress just wouldn’t have it, and I’ve had to rewrite, and delete this article 4 times to try and dump the scramble of code left here.

I like the UTILITY of WordPress, but I prefer the ease and speed of HTML. For me, WordPress has presented me with a number of issues, a few of which are still unresolved.

That’s it for now, folks.

UPDATE

I managed to get an HTML blog sorted quite nicely, but found updating feeds to be a bit of a drag, and so finally decided to move the WordPress version of the blog here, as you can now see, and have probably noted.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 03:03:06. Republished by Blog Post Promoter

Popularity: 11%

Blog Traffic Exchange Some Related Websites
  • List of 55 RSS Directories - Promote Your RSS Feeds Most bloggers and website owners have RSS feeds to distribute their content and we’ve all heard of web directories for regular link submission. Well, its most obvious that if you have more RSS readers, you will have more pageviews! Here are the 55 Directories: RSSMountain.com Feedest.com Blogoculars.com 2RSS.com FeedsFarm.com RssFeeds.com......
  • 10 Tips for New Blogs These are list of what I did to help bring visitors to this blog and all my other blogs: 1. Submit URL to search engines To make sure people find your blog from search engines, you'll need to submit your blog url to them. By doing this, you'll let them......
  • Go Go Google Gadgets If you use Blogger in order to manage your blog then you have available to you hundreds of gadgets that Google has released; all of which can add features to your blog. A gadget is a widget that adds small programs to a blog, adding features that show off lists......
  • WordPress Blogs Atom/RSS2/RSS Feeds Paths In the case you wish to submit your WordPress blog POSTS to feeds, so that people can subscribe to and automatically receive them, then where necessary you can use and declare the following paths (www.yourblogx.com is of course a fictitious URL used as a mere example): http://www.yourblogx.com/feed/atom (ATOM feed url)......
  • 9 Great Tools to Make Corporate Blogging Easier Here are nine ways to make corporate blogging even easier for you. Writing your blog should be enjoyable and fun, rather than just a task you have no interest in doing. These some really great tools should help make blogging more fun and enjoyable for you rather than a chore......

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Being In Beijing, Company News | No Comments »

A Comprehensive Source of China Links

Tuesday, March 2nd, 2010

Possibly The Most Comprehensive Listing Of China Governmental And Non-Governmental Info-Sources.

When embarking on trading with China, both you and your company need as much top-level information as possible, and it should be equally wide in scope and readily available at the click of a mouse at any time, day or night.

And that’s where a small family-run product sourcing and due diligence company in Beijing, are seemingly outstripping their larger competitors, by presenting quite possibly one of the most comprehensive sources of information and links to Chinese governmental and non-governmental information sites of interest and information, with particular emphasis on due diligence and trading safely with China; all readily available in one place, and at the click of the mouse, for foreign businesses, traders, and entrepreneurs on the internet.

YCTP China Trading Links

YCTP China Trading Links

This small company is saving a lot of people a lot of hard footslogging, or better said – key tapping – by opening to the public their own carefully garnered resources to the public domain.

Indeed, they even outstrip companies such as Alibaba with the comprehensive and ‘all-in-one-place’ format of their links – literally at your fingertips.

Indeed, there are many pages offering information on the internet regarding product sourcing, due diligence, background checking, and lodging formal complaints with governmental or voluntary agencies. However, few sites offer such a broad and comprehensive range of informational links to relevant and pertinent Chinese authorities and government sanctioned trade and commerce sites, where you can find connections to genuine Chinese businesses who have registered themselves with governmental authorities. This in and of itself doesn’t necessarily make these businesses one-hundred percent genuine or risk-free. However, it certainly does minimise the risk of being scammed.

Sectional headings on the links page at www.yourchinatradingpartner.com include – China Business Resources: the links in this section cover a variety of journals and blogs appertaining to trading with China and are replete with useful information, inside tips, news, data, and current trends.

In the China Government Business resources section there are a string of excellent links to The Ministry of Commerce to the Peoples Republic of China (national) and its’ associated forums and complaints sections. In the Invest in China – Government Website section you can confirm the validity, or determine whether a company is legally registered in China. However, it currently only deals with those companies who have joined voluntarily and/or are foreign/Sino joint ventures.

In The Local Administration for Industry and Commerce Section you can check local branches of The Ministry of Commerce to the Peoples Republic of China to determine the validity of a business and whether or not it is a legally registered entity.

Other sections include links to the Bureau of Fair Trade for Imports and Exports, Department of Foreign Investment Administration, and the World Importers Net (Ministry of Commerce PRC), which is a trade promotion website under MOFCOM Public Information Service (MPIS), aiming at promoting international trade by providing both Chinese and overseas companies with trade information. It is an important part of the China national public information service system for international trade and economic cooperation, and is funded by the Chinese government; all services provided are free of charge.

Further very useful sites linked to by YCTP are the Department of Foreign Trade, China Customs & Excise, and The Mediation Centre of the China Council for the Promotion of International Trade; where if something goes wrong with your transaction, and you have already tried to contact your Chinese business partner to resolve the issue without success, then you can refer your case to arbitration.

Another interesting and useful link is to the Trademark Office – State Administration for Industry and Commerce (CTMO); which department performs the registration and administration of trademarks nationwide.

CIETAC is now one of the busiest arbitration centres in the world.

CIETAC is now one of the busiest arbitration centres in the world.

Another immensely useful site is The China International Economic and Trade Arbitration Commission (CIETAC) which is the most important and permanent arbitration institution in China. Formerly known as the Foreign Trade Arbitration Commission, the CIETAC was set up in April 1956 under the China Council for the Promotion of International Trade (CCPIT) to meet the needs of the continuing development of China’s economic and trade relations with foreign countries after the adoption of the “reform and opening-up” policy, the Foreign Trade Arbitration Commission was renamed as the Foreign Economic and Trade Arbitration Commission in 1980, and then finally settled down as the China International Economic and Trade Arbitration Commission in 1988. Since 2000, the CIETAC is also known as the Arbitration Court of the China Chamber of International Commerce (CCOIC).

The CIETAC independently and impartially resolves economic and trade disputes by means of arbitration and conciliation (mediation).

The CIETAC’s headquarters is located in Beijing with two sub-commissions in Shanghai and Shenzhen, respectively known as the CIETAC Shanghai Sub-Commission and the CIETAC South China Sub-Commission. In order to meet the needs of the development of the arbitration practices, the CIETAC also successively established 19 liaison offices in different regions and specific business sectors to provide parties with handy arbitration advice.

After nearly 50 years of continuous endeavour, the CIETAC is now one of the busiest arbitration centres in the world. With its arbitration practices and academic activities, the CIETAC has also made great contributions to the legislation of the Chinese arbitration law and the development of the arbitration practice in China. Not only does CIETAC maintain positive relations and cooperation with all the major arbitration institutions throughout the world, it also upholds a respectable reputation at home and abroad for its independence, impartiality and efficiency.

YCTP also include an introduction to CHINA – THE LAW; which although not exhaustive does direct readers to General Principals of the Civil Law of the People’s Republic of China, Model Arbitration Clause for Contracts with Chinese Companies, and The Ministry of Public Security of the P. R. China Information Network & Security, which deals more specifically with cyber-fraud, or cyber-crime.

Additional links included are those for government run or sanctioned trade links and resources, such as: China Commodity Net (CCN), which is funded by the Chinese government. China Commodity Net (CCN) is one of MOFCOM’s Public Information Service (MPIS) projects. As an important part of China national public information service system for international trade and economic co-operation, CCN aims to enhance cooperation and trade between the Chinese and overseas enterprises.

Other trade links include BizMatching – A government run and approved (Ministry of Commerce) trade portal, and China Market; this is a business portal recommended by the Chinese government.

In all, Your China Trading Partner provide a fascinating, deeply informative, and educational collection of links, which will prove to be an extremely valuable resource for any company, large or small, or any individual wishing to trade securely and successfully with China.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 04:15:54. Republished by Blog Post Promoter

Popularity: 22%

Blog Traffic Exchange Some Related Websites
  • Former Chinese Leader Mao Zedong Criticized by Steve Wynn Billionaire casino developer Steve Wynn criticized former Chinese leader Mao Zedong, as he told more than a thousand investment advisers at a conference that the communist revolutionary's Cultural Revolution was "imbecilic" and "almost ruined" the country. The chief executive of Wynn Resorts spoke during a question & answer session at......
  • Why do some experts predict China's economy is going to collapse as fast as it expanded? I was just wondering what reasons and justifications these experts used. Being the world's #1 exporter, with a surplus of over 3 trillion US$ (1/3th of the American dept!) and with it's massive middle class getting richer and richer every day, I don't see how it could collapse. The country's......
  • Beware The Chinese Stock Market On the front page of today’s South China Morning Post, there’s a quote from Li Ka-shing, Asia’s richest man. As a Chinese, I am worried about the mainland stock market. History shows that any phenomenon whereby shares are priced at 50 to 60 times forward earnings will end in a......
  • Popular Types of Blog Posts If you own and write in a blog, then you probably understand the importance associated with keeping your blog really fresh and ensuring that your blog audience is completely interested in what it is that you have to say. It can be relatively challenging for people to come up with......
  • Tips for Investing Online The concept of doing your investing online through the use of an online web portal has truly revolutionized everything that financial trading is all about, especially in stock exchanges and in the FOREX market. Availability of resources like quick internet connectivity and portable laptop computers has made it even simpler......

Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Company News, General Information | 2 Comments »

Did You Do it To Yourself? And Are You Still Doing It?

Monday, March 1st, 2010

Scammed or Self-Inflicted Wound?

It’s my personal opinion that many people who get themselves scammed in China, or elsewhere for that matter, do so almost willingly.

When I say “willingly“, I don’t actually mean that they say, “Hey! Mr. Scammer, please take my money from me!“ Although, when one looks at it from a certain direction, it may appear to be almost a silent agreement to such.

The Addictive Brain!
The Addictive Brain!

But, what I really mean, is that it’s reminiscent of the behaviour of a drug addict; because one knows one shouldn’t, but one nevertheless goes and does it anyway.

People usually KNOW a few things before a scammer closes on them.

1. They know that the deal is too good to be true.

Which quite frankly, in and of itself, should be ringing every alarm bell in their nervous systems.

2. They know that they are ignoring the warnings that their whole life’s experiences are sending them.

Yes, they just feel the truth of it in the seat of their pants – that something isn’t quite right. But, like the risk takers we humans are, ike the eternal optimists that we are – we persist with it and even ignore our own selves.

3. They know they should not send that money.

By this point, these people are really like junkies trying to withdraw from drugs. “I know I shouldn’t, but I just can’t help myself. I just need to do it. Just once more. I’m sure I’ll get lucky this time!“

Don't Play Russian Roulette With Your Money!
Don’t Play Russian Roulette With Your Money!

We use most of our senses, to avoid being set on fire, to smell the foods we eat, and perhaps the dog poop behind the sofa; we use our ears and eyes to stop us being run over by a car or truck, as we cross the road.

But, then we go and send $ 5,000 to some girl called “Minky” on the other side of the planet!

I mean – HEY! That isn’t even a real name,; and I don’t mean a fake or false identity. I mean not real as in the same way that I don’t have “kizu-maliki-shopytoof” in my kitchen; primarily because no such thing exists, not unless by sheer fluke I’ve named a real kitchen utensil in some obscure language.

Surely the fact they can’t even get a regular name together must tell you something about the SERIOUSNESS of the people you’re dealing with.

I’m reminded of those people who call those telephone sex lines (whatever they are), and some grotesque woman is sitting there pushing Twinkies, or another brand of sweet and sticky thing, down her throat like a factory production line, weighing in at 437 lbs (at 5 feet 3), and has to walk with the aid of sticks due to her medically gross obesity, is telling you her name is “Yvette“, and that she’s tall, slim, has diplomas in dance and theatre, is wearing a black negligee, likes you much more than anybody else who calls, because you’re almost like a real friend, and that we really should meet one day, but now she’s feeling really wet for you, and would you like to….

Ahem! Well, I’m sure you get the picture.

These “victims” have a sense that it’s going to happen, but still they press on, gritting their teeth in the hopes of a win.

Now, that’s what I call optimism!

Yes, these people know it’s going to happen. If not actually GOING TO, then certainly VERY LIKELY TO.

That’s what makes the scam almost a self-inflicted wound!

We're All Gamblers In One Way Or Another!
We’re All Gamblers In One Way Or Another!

Honestly, the inside of these peoples’ heads must look and sound exactly the same as that of a gambler with his last dollar – there he is standing in front of a fruit machine, and trying to decide whether to buy some food to eat, or slip it into the slot.

Of course, the decision was already made before he’d even thought of the question. Because our human sense of risk, or addiction, tends to walk about three paces in front of all other thought processes we’re experiencing.

Our sense of risk rides along like a surf board on the wave of every other thought we have. And it is because of this that our addiction will always finish ahead of everything else we think, do, taste, or feel.

It lives on the top of that wave, and everything else rests in its’ shadow.

We tell alcoholics that the first thing they need to do is understand that they HAVE A PROBLEM, before they can address it.

The same is true here.

In the same way as those guys calling on those sex lines, often the people who lose out here and elsewhere, are simply deluding themselves. They actually make the job of being a scammer easier.

Just remember this. A scam can only occur when one party wants something for nothing; all the other party is doing is giving you nothing for something.

Try to cut corners and you’ll cut your own throat.

There is no secret way; no special way; no something to which you aren’t privy.

There is simply a right way and wrong way. The first will bring you benefits, and the second will bring you misery.

You’ll simply lose the dollars, whilst trying to save the cents.

Related Articles
Bookmark and Share

Originally posted 2009-08-13 00:51:02. Republished by Blog Post Promoter

Popularity: 16%

Blog Traffic Exchange Some Related Websites
  • Top Real Ways to Make Money Online. Points to Consider There are a handful of real ways to make money online. Then again there are a bunch of scams out on the internet too. So I hope to filter them out for you.One real way to make money online is by participating in online surveys. Paid Surveys are a good......
  • are you a success junkie? Maybe it's one of the celebrities: Suze, Dave, Donald, Robert.  Maybe it's a historical figure:  Washington, Peter the Great, Salk.  Maybe it's a sports figure or a business leader.  Maybe you can even point to someone less well-known like a community leader or a charitable great.  We all have......
  • Attention – Do Not Fail For Dating Scams In our days, dating frauds are becoming more common. That's why it is better to know from the beginning how to protect yourself from fraud when using Internet personals and dating agencies. Many people try online dating in order to find a partner, but many of them don't know that......
  • linklings, mid-week edition I’ve decided to shift the link roundups to Wednesdays and stop posting on Saturdays. Traffic drops off significantly during the weekend and I tend to put off working on the blog Friday and Saturday nights. I have been attempting to pull together about 15 different mini-projects, ranging from the personal......
  • Our Expectations Everyone expecting the class? First off, I will start with why I asked that question. Do any of you have no expectations at all? I have at least one. I find it hard not to expect. My duality brings some, but I try not to acknowledge them. I always have......

Tags: , , , , , , , , , , , , , , ,
Posted in General Information, Scams And Scammers | 2 Comments »

China – The New Electronic Goods Workshop Of The World

Monday, March 1st, 2010

China has rapidly become known as the world’s largest manufacturer of consumer electronics. Currently China produces more MP3 and 4 players, digital video cameras, digital photographic cameras, DVD and other video players, a vast array of electronic gadgets, and an extremely wide array of other high tech products, than can be found being produced in any other country in the world today.

Indeed, it wouldn’t be going too far to call China the “New Workshop of the World”, a role once filled by the UK during the industrial revolution, and now being successfully filled by China in it’s modernisation and technological revolution.

To that end there should be a question on the lips of every business person operating in any field which necessitates the need to purchase and sell any of the above listed product types.

What is that question?

It is this: How can I successfully and safely source these products from China to benefit my business by lower costs, and simultaneously increasing my profits?

If you haven’t asked yourself this question, then you are seriously missing out on a great opportunity.

Never The Leader, Always The Follower

China currently produces products of which you are seriously unaware, and which others will lead into Western markets in the future, due in large part to their foresight, and your failure to participate in the search for new products for your market.

You, along with the vast majority of SMEs, will have the unenviable task of jumping on another bandwagon, and playing catch-up.

Get ahead of the competition, and stop riding on other peoples’ coat tails.

What has happened to the world of sales in the past 30 years?

Honestly, it’s like everybody simply waits for a new occurrence in the market, and then jumps on it, rides it till they’ve ridden it to death, and then sit on their hands and wait for the next trend to come along.

Wimps!

There seem to be very few gutsy people in sales today. However, those there are, those who start the trends, are the ones who profit most, whilst the rest of you come and pick and fight over the scraps.

Get a grip people!

Use your brain, and a sourcing agent, and find yourself the next hottest thing to hit the market, before it hits the market!

Product sourcing agents in China speak English, and very often are native English speakers who’ve been living and working in China for a number of years, such as myself, and we can help you find what you need. Having us look for you costs nothing. When you choose to order you’ll find the same standard of service you’re used to at home in Europe or the US.

But What About Shipping?

And? What about it? UPS and DHL can handle all the logistics of bringing your goods to your door. Open a company account with them, give the account number to your agent, your agent passes it on to the supplier, the supplier contacts the courier, the courier arrives and picks up the goods, and you pay the shipping costs.

Of course, if you’re ordering in volume, then we can assist you in finding a suitable shipping company (air or sea) to handle your goods for you.

That’s it. Done and dusted!

What about MOQs?

What about them? Yes, there is often a minimum order quantity, but many companies have brought down their MOQs to levels that are very acceptable for SMEs; particularly in the fields of electronic goods – many as low as 20 pieces or even less.

What About Payment?

Well, I certainly don’t advocate the use of PayPal or Western Union, as these are the tools of the devil (scammers).

No, you can use a Letter of Credit (L/C), or a TT; the former will be agreed to by any good business of sound standing, whilst the latter may be used only after having the company visited, and having due diligence performed on them, to ensure that they’re actually who they say they are.

Of course, the obvious point is never to pay money into a personal account when dealing with a manufacturing business. That’s just silly.

As your relationship with your agent and suppliers develops, you can rest easy and know that you are in the hands of people whose business relies heavily on your goodwill and peace of mind.

Now, stop sitting on your hands like a baby, and get out there and source the market for something new and innovative, and which will allow you to start a trend, set a fashion, break a market, and lead the way to wider profits and renown for yourself and your company.

Trade Safely!

Related Articles
Bookmark and Share

Originally posted 2009-08-13 02:10:24. Republished by Blog Post Promoter

Popularity: 26%

Blog Traffic Exchange Some Related Websites
  • What You Need To Know About Internet Marketing Tools Currently that you have started your own earn a living from home or web business you will would like to start out acquiring some net promoting tools thus that you can begin generating some traffic to your internet site. Currently who wouldn't wish to get selling tools at as......
  • Zultys Appoints Alloy as Australian Distributor — Alloy to Distribute the Zultys Family of IP Phone Systems and Unified Communications Solutions Melbourne, Australia/Sunnyvale, CA, November 23, 2009 — Zultys Inc., the leading provider of elegantly simple Unified Communications and VoIP Business Phone Systems since 2001, today announced a distribution partnership with Alloy Computer Products of Melbourne,......
  • Phone Systems - Perfect Guide to Buy Such Systems For Your Business Purposes! In this fast routine life where millions of companies are running their business projects efficiently, there is a huge demand of telephone systems. Without such devices, it is impossible for the multinational companies to establish their business in other cities and countries. In short, you can say that these......
  • Niche Marketing and Choosing a Niche Niche marketing is a type of marketing that falls out of the normal realm of mainstream business, or that involves focusing on one specific product or one specific type of need that allows niche marketing businesses to boom. Niche marketing is capable of meaning different things to different people because......
  • 5 Sure Fire ways to Outsource your Internet Network Marketing Business Are you busy all day long but never seem to get all of your work done? Is it just one thing after another with unproductive tasks that end up costing your family time? This post can very much change your life....

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, OEM And ODM | 4 Comments »

Ever Wanted To Have Your Own Brand?

Sunday, February 28th, 2010

Why Not Have Your Own Brand?

It May Be Easier and Much Cheaper Than You Think.

Dell™, along with a number of  other brand names, buy bare-bones systems, which have been manufactured in China; then they simply tart them up a little, slap their brand label on them, and now you have a Dell computer.

You Could Have Your Brand Name On The TongFang S30-i

You Could Have Your Brand Name On The TongFang S30-i

In fact, some statistics say that 80% of all the world’s laptops and notebooks are manufactured here in China by a handful of OEM or ODM companies, who simply brand the cases for those large known foreign buyers who sell those brands to us on our high streets.

One OEM, Quanta™, for example, has made portables for Dell™, Gateway™ and Apple™, amongst others, as far as I understand it.

Another example would be Inventec™, probably being the biggest server ODMs, and one of the top 4 Notebook makers worldwide. Inventec 08’ revenue reached 10 billion dollars.

But most of you probably haven’t ever heard of either Quanta™ or Inventec™, have you?

So, why not have your own brand made, using the same suppliers, and at the same quality?

There are many smaller OEMs or ODMs you’ve never heard of and who produce excellent quality goods, as Quanta™ and Inventec™ will only take large orders, and much of their capacity is taken up in the production of machines for the big brands.

We have a very nice contact with a company here in China, and who have produced for Elonex™ in the UK; you know, those guys who claim to make the cheapest laptops or notepads on the UK market.

Superb Computing Power With Lovely Sleek Lines

Superb Computing Power With Lovely Sleek Lines

Not to mention TsingHua TongFang (THTF), for which I am their African, European, and North American agent.

Many of the THTF products range have specifications and applications which even exceed those of companies such as Dell™, and all you need do is buy enough to have your name branded onto them.

The MOQ (Minimum Order Quantity) to have your own brand will depend on the OEM/ODM; it can be as little as 500 machines, and so may cost you far less to do so than you could imagine.

We can help you find one of these OEM or ODM companies to produce the goods you require, at the quality and specifications you require, at less than the cost of many of the big brand names.

If that’s your bag.

All of the ove is true for laptops, netbooks, notebooks, UMPC, USB memory sticks, and mobile telephones; not to mention every other product you can think of from can openers to clothes.

The following is an example of the specifications to which you could have your own brand made.

And in this example I’m going to be using a TongFang computer – the S30 i, being the latest addition to the TongFang PC range; although I have access to several other OEM/ODM companies here in China.

The S30-i is a top end model, but I’ll be illustrating it in its’ basic configuration, and will include the price and MOQ after the specifications.

These machines are superbly crafted, well designed, and manufactured to all the known standards you’d expect in any high quality product of this kind.

TongFang S30 i

Intel® Processor ULV 723 (1.2GHz, 1MB L2 Cache, 800MHz FSB, 45nm, 10W)

Screen Size and Dimension: 13.3? Wide Screen Glare + Ultra-Thin (3.3mm) WXGA TFT (1280×800)

Chipset: Intel GS45+ICH9-M

Graphics: Integrated Intel GMA X4500MHD – Shared 256 MB Video Memory

RAM: DDRII 1GB

HDD: 160G

DVD: DVD Super Multi (Ultra-Thin: 9.5mm)

Network: 10/100/1000 Mbps LAN

W-Lan: Intel Mini PCI-E 802.11 AGN

Card Reader: (MS/MS pro/SD/MMC) 4 in 1 Card Reader

Camera: 1.3 Mega Pixel Video Camera

Battery: 6-cored Intelligent Lithium Battery

Dimensions: 322 (W) x 239 (D) x 17~25 (H) mm

Weight: 1.4 Kg (3.087 lbs) (Battery Included)

The S30 i comes with built-in Biometric Fingerprint and Facial Recognition, and is presented in a Ultra-Slim Magnesium Alloy Case. All as standard.

MOQ: 2,000 UNITS

FOB (ShenZhen) Price Per Unit: $ 449 USD

Sample Price: $ 525 USD

Packing Dimensions/Gross Weight:

L 425 x W 165 x H 350 mm / 4Kg

Sets per Container Size:

920 sets/20′
2,280 sets/40′
2,652 sets/40′ HQ

Actually, It's My Own Brand. How Do You Like It?

Actually, It's My Own Brand. How Do You Like It?

Now, that’s a top of the range product, with an excellent street value potential, which could have your company name on it.

Of course, their are cheaper models, and alternative models available from THTF, or any of the other OEM/ODMs I’m in contact with.

So, think about it. If you wanted you could have any quality product, not just computers, with YOUR OWN BRAND on it.

You can download the current pricing and MOQs (Minimum Order Quantity) for THTF computers here.

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 05:45:16. Republished by Blog Post Promoter

Popularity: 30%

Blog Traffic Exchange Some Related Websites
  • How To Start A Money Making Business With Website – Part II ? Let's learn, how to start your own money making business with a website ? Before that, you should understand that you are going to own a business. Yes, the dot com business is a great idea that any individual with the basic computer knowledge could run. It gives that flexibility......
  • The Ultimate Guide to Plumbing By Merle Henkenius If you’ve always wanted to be able to handle the various plumbing projects that pop up around your house, this is a book that is a definite must have. Plumbers can be expensive, and in an emergency, they may not be easy to reach. Once you’ve read this book, you......
  • Reader Giveaway: Frugal Dad Canvas Tote Bag To Three Lucky Winners It's been a while since I offered a giveaway contest here at Frugal Dad.  I've been playing around with a site called CafePress.com where you can brand your own items, and I have to say that of all the things I've ordered for my own personal use, I like......
  • Who Owns Your Favorite Organic Food Brands? You may be surprised to find out, I am just warning you now. I wrote a little about this in the past, but I came across a few charts of "Who Owns What" and I figured I would share them with you guys, just in case you didn't know about......
  • Wood Types for Acoustic Guitars Just as there are many types of acoustic guitars, so are there many types of wood from which guitars may be made. It also matters in which part of the guitar the wood is to be used. Also as with many things, the skill of the craftsman, the design of......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, OEM And ODM | 1 Comment »

What Can Happen If You Lose On A Deal In China?

Sunday, February 28th, 2010

What Can You Expect To Pay For CIETAC To Arbitrate For You, Should You Lose On A Deal In China?.

So, you lost out, and were skinned and scammed by a company in China, and now you want to go to arbitration to get back what you’ve lost, as well as getting some justice from the “evil doers“, as Mr. Bush might say. So, what’s it going to cost you?

Well, the following is the CIETAC fee schedule for their arbitration services, which I’ve converted, as near as possible, to the corresponding USD values.

Now, remember, when you choose to go into arbitration you agree to abide by the arbitral outcome. That is to say, that should the judgement go against you then all of the following monies tabulated below, will be lost to you on-top of your actual current losses. And don’t go confusing Western Jurisprudence with that of China; it may very well go against you. Remember, this is another risk.

As clearly stated beyond the main table, there may be further “…arbitration fee(s) according to this Arbitration Fee Schedule, the CIETAC or its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.” Meaning, that whatever you’re charged in the initial schedule may also include further fees levied to your account to the value of 1,500 USD per additional charge, per additional “…reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.”

Of course, even should you win, the defendant may still hold you up by delaying payment for a variety of reasons, and causing you to resort to CIETAC again, at further expense, which you will then have to get CIETAC to levy back against the defendant. Or, of course, they may just shut up shop and disappear. This kind of tactic wouldn’t necessarily be unusual.

Now, let’s just take a look at a bare-bones example, without the extra fees, and see what we’re talking about here.

We’ll take the lowest level in the schedule as an example, and this is just waving the stick a little, to get an idea of how things could go.

So, you lost $150,000 to a company somewhere in some province, in China.

You go to CIETAC, and before anything happens (and at this point I think it only fitting to mention that there is about a 9 month backlog with CIETAC) you are charged a fee of $5,250, plus the $1,500 registration fee, which is charged at all levels. Therefore, you’re current total is now $6,750, and you’ve just finished the registration process alone.

Then there will be charges for phone calls, letters, and transport costs for an examiner to visit the defendant or their place of business, hotel costs, living cost etc.

So, let’s just consider transport, living, interview, and visitation costs.

Let’s just call that another $3,000, and remain in the conservative area of things. That would bring you up to around the $9,750 mark. Then there’ll be the weeks and months of back and forth, hither and thither, as nothing in this vein happens either quickly or directly in China.

In the meantime, you may see your charges rise by another $3,000, before you even get close to an arbitral decision; and by which time you will have shelled out, on top of your $150,000 loss, another $12,750, and you’ll be sweating and hoping it all goes your way, or else you’ve lost your initial loss of $150,000 plus another $12,750.

So, are you shaking in your boots? Quivering with anger and frustration?

You should be!

Before I present you with the CIETAC arbitration fee schedule, allow me to tell you that there’s another way around this, and that is – PREVENTION.

Your China Trading Partner

Your China Trading Partner

Very simply, you can contact us at Your China Trading Partner, and we’ll make a factory visit, do your Due Diligence, and arrange for your goods to be checked before leaving port.

For us to go visit the factory, and to have your goods checked at port before shipping, will cost you approximately another $850 to $1,000 on top of your costs; whilst of course, on our factory visit we’ll get your supplier to agree to the insertion of the CIETAC Arbitration Clause in your joint contract, and which states:

“Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.”

And thereby, offer you a little extra protection; additionally, of course, you can include in the terms of your L/C, that monies will not be released until goods have passed random quality checking, at their exit port prior to shipping.

Now, here’s a final question for you, before I introduce you to that fee schedule.

Doesn’t it make a lot more sense to spend another $850 to $1,000 on top of your costs, as insurance against the nightmare of losing your investment, and then having to go to arbitration with CIETAC?

I’m a little tired of hearing about all these losses, when I know that even if they can’t be completely dissolved, they can, at the very least, be seriously mitigated.

But, we live in a cost-cutting global mentality, and have done since the Thatcher and Reagan years; and people are silly enough to even cut costs on their insurance and investment security.

This is precisely the kind of mentality that makes dollars for the scammers, and no cents to me? Does it make cents to you?

Get the pun?

Now Here’s That Fee Schedule for you.

China International Economic and Trade Arbitration Commission

ARBITRATION FEE SCHEDULE

(This fee schedule applies to the arbitration cases accepted under Item 1 and 2 of Article 3 of the Arbitration Rules, and becomes effective on May 1, 2005)

Amount of Claim (USD).

Amount of Fee (USD).

150,000 USD or less.

 3.5% of the Claimed Amount, minimum 1,500 USD.

150,000 USD to 750,000 USD.

5,000 USD plus 2.5% of the amount above 150,000 USD.

750,000 USD to 1,500,000 USD.

19,750 USD plus 1.5% of the amount above 750,000 USD.

1,500,00 USD to 7,500,000 USD.

30,700 USD plus 1% of the amount above 1,500,000 USD.

7,500,000 USD or more.

90,000 USD plus 0.5% of the amount above 7,500,000 USD.

Each case, when being accepted, shall be charged an additional amount of $1,500 as a Registration Fee which includes the expenses for examining the application for arbitration, initiating the arbitration proceedings, computerizing management and filing the documents.

Where the amount of the claim is not ascertained at the time when application for arbitration is handed in, or there exists special circumstances, the amount of arbitration fee shall be determined by the secretariat of the CIETAC or its Sub-Commission.

Apart from charging arbitration fee according to this Arbitration Fee Schedule, the CIETAC or its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.

Safe Trading!

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 05:48:30. Republished by Blog Post Promoter

Popularity: 24%

Blog Traffic Exchange Some Related Websites
  • What is your Credit Card Costing You? Most people do not put enough thought into how much their credit cards are really costing them. Sure, you may think that you are aware of all of the costs associated with credit, but there are also a number of fees and charges that can go completely unnoticed among consumers......
  • High Interest Rate Rewards Checking Account Now that I have enough cash to consider it an emergency fund, I've decided to open a rewards checking account. I previously blogged about high interest rate checking accounts. I've been thinking about opening one up for awhile and decided that it was necessary since the highest online savings......
  • Time to Pay Off Credit Card Debt Just in case the economic events of 2008-2009 haven't frightened and motivated baby boomers into aggressively attacking their remaining credit card debt, there's more. The Present and Future of Credit Card Terms A 2009 study of the major credit card issuers by Bankrate.com provides some sobering conclusions about the future......
  • Payday Loan Advance and Applicable Fees Proffering payday loans are lenders from galore. The proffers on advance tie the borrowers over until their next paycheck arrives. The cash advances provide a tool for taking care of emergencies, yet if you are not careful, you can land in debt over your head. To start out, the borrower......
  • The Most Popular NBA Teams by Twitter and Facebook Fans [/caption] We all know that the NBA has been pushing Twitter like it nobody’s business for the past season and a half. And the popularity of facebook speaks for itself. So are the days of monitoring “which NBA team sells the most jersey’s” behind us? Have sports, particularly basketball, fully......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, OEM And ODM | 4 Comments »

« Older Entries
Improve the web with Nofollow Reciprocity.

© 2009-2010 Safely Sourcing China All Rights Reserved -- Copyright notice by Blog Copyright

SEO Powered by Platinum SEO from Techblissonline