L/C payment case study: learn the rules

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On April 11, 1994, a company in China (JS for short) concluded an export contract with a GT company in Hong Kong. It was a contract for 4950dz of 45x45/110x70 T/C yarn-dyed shirts with long sleeves, with contract number of No.94JS-GT102, 5% more or less allowed. The unit price was USD28.20/dz CFR Hong Kong, […]

Sending money to Chinese supplier

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We have been advising our clients to make payment to company account only, however,when sourcing from china, oftentimes you find you have to send money to third party account, it might be a business account of export company, a business account of offshore company in Hongkong or a personal account of the fa […]