Hi there all, another lamb to the slaughter?
No, well I hope not anyway LOL OK so here I am a bright new budding importer! I have read a lot of the threads with interest, and of course learning all the time, probably like most of us. I have recently been sourcing some products of interest from China to import into the UK. I have carried out the stringent checks and followed the rule of avoiding problems, and I am quite content with the legitimacy of the company I aim to deal with in the first instance. Part of the Tain Yuangdong Group in China and in fact other countries. I am talking to a particular branch called Asiawing, a large manufacturing facility of the group. The accounts all tally, and the bank account is in the trading company name international trading company Ltd. It is a T/T payment for samples and at 100% which although may have some folks running for cover, is the normal method of payment for this type of transaction, and as many have said, just because it is T/T it isn't necessarily suspicious, most Chinese companies operate in this way, it is up to the buyer to check the credibility of the company in the first place.
OK so, my question to you all is, now I have the pro forma invoice and my fistfull of dollars, what is the most preferred and economic way to process the T/T transaction. Do I need to approach a particular department/company somewhere, or can my bank do it, or do they charge big prices. My Bank BTW is the Bank of Scotland UK.
Please advise me of the options or point me in the right direction. As a final point, the goods will be docking into Liverpool, is it a normal practise to engage a carrier or say parceline to collect it from the port, and road transit to my address, what would be my course of action.
Many thanks in advance.
Jon Ovington,
Scotland