Is the payment of t/t after a copy of the bill of lading has been provided safe?

When buyers ask “is it safe”, they usually have two concerns in mind.
1. Will the products they ordered arrive with the right quality?
2. Will the factory ship the goods or will they disappear with the money?

Sending money once the bill of lading has been shown does very little to protect you. It simply shows that something has shipped. But the supplier could be sending you a load of junk. So in my opinion, a buyer is crazy to pay the supplier without doing an independent inspection of the shipment BEFORE the shipment and BEFORE final payment takes place.

Here are some short video tutorials on related subjects.

Video 1: Finding Suppliers
Video 2: Evaluating Suppliers
Video 4: Project Management and Quality Control
Video 8: Avoiding Scams
Video 10: Resolving a Dispute

Hope this helps. Let me know how things work out for you.

Question answered by Mike Bellamy, host of “Ask the Experts” at the China Sourcing Information Center.

Mike Bellamy is an Advisory Board Member & Featured Blogger at the not-for-profit China Sourcing Information Center (www.ChinaSourcingInfo.org). He is also the author of, “The Essential Reference Guide to China Sourcing” (chinasourcinginfo.org/book) and founder of PassageMaker Sourcing Solutions (www.PSSchina.com )

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