Dear Munaf,
Thanks for your email.
To be frank, there is fraud in every country and it does happen in some international businesses. We also have experiences that buy pick up goods without pay rest money. But both of us should not "Throw away the apple because of the core". What didn’t kill us will make us stronger. You words just like the ones of my old customers'. Finally we finished the order and became goods friends. Enclosed pls see some of our licenses and trade records. If you like i can send
you my buyer's telephone number if they agree (from many Countries
like Suriname, Zimbabwe, Mozambique, Belgium, etc). You can talk with them to know my company better. I am sure you can know "There are also many good supplier in China" after you talked with them.
Theoretically, L/C is safer than T/T. But the situation is different
in practical operation. L/C is more complicated and both buyer and seller need to pay too much energy and handling fee on it, which will make the amount bigger than it is. We have a client of fish feed production line in Jordan who used L/C. What made him very upset was his local bank do not release the documents when the shipment arrives, saying the documents are with discrepancy. But actually,
this has no influence to buyer. The buyer and i tried a very long long time to get
this done. We both suffered a lot from this. After he picked up the goods from custom, he said he should have chosen T/T. Actually many things similar are happening every day in the world. Our goods used to be picked up without balance money paid in Nigeria. There are also some buyer disappeared after we finished the machine (we will have to look for another buyer for this machine. The buyer did not pay any deposit and promised to buy). But the method we avoid it is to require higher percent of deposit maybe more than 50%. For you, a buyer
from Guyana, i trust you so i will apply to my boss to see if it is OK that you pay 20% of deposit. If you like, i will try to do that and tell you the result.
T/T now is the most popular payment method in the world international trade. It is worthy because it exists. Pls see my solution as below to reduce the risk of trade
by T/T.
1. Less deposit, maybe 20% instead of 30%.
2. Balance paid before shipment, instead of "before leaving factory". You will get the copy of B/L in couple of days and get original B/L in about a week. You know the original B/L stand for goods.
3. You can contact some of my old clients in the world wide to know better of our goods and service.
5. Will keep you informed of any updates during the production after deposit.
6. You can also say some good ideas.
Look forward to your reply!
Best Regards,
Bruce。