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Posts Tagged ‘deposit’

What to do when supplier breaks the contract and blackmails your deposit

By Mike Bellamy | November 3, 2015 | 4
Chinese Supplier Blackmailing Buyers

Chinese supplier ignored the contract and holding my order hostage. Tom writes: Hi Mike, We met at your Global Sources conference in Hong Kong. One of the criteria for safe trading, as you mentioned, was to have the red stamp/chop, to make it legally binding. This is something I have. My problem is that the…

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Chinese Supplier got my Deposit, now Ignores me. What to do?

By Mike Bellamy | October 27, 2015 | 6
Paying Deposit To Chinese Suppliers

Supplier didn’t ship the order and kept our deposit. What to do? Rajvansh in Dubai asks: We have placed an order to a Chinese supplier for Paper Bags. The supplier is located near Qingdao. We have made the advance payment to them as per the agreed terms. We even paid the balance for the first…

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