What do MOB and FOB Mean?

Thanks for your email to CSIC. You asked “I need to know what the meaning of MOB & FOB. If I bought item from supplier, how about the charges of shipping? “ These are incoterms which define the point in the shipment that the ownership of the goods is transferred from buyer to seller.  FOB…

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Payment tied to Performance = Protected Buyer

As a lawyer in China who helps foreign buyers source safely, in my opinion one of the ways to protect yourself is to structure your payment terms so that payment and quality of the goods are linked. Make sure to keep the deposit as small as possible and don’t make the remaining payments until you…

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Payment terms in China

I have a query regarding payment terms in China. Is it normal to pay 50% with purchase order and the balance prior to dispatch? ANSWER: This is very normal for a first order with a new supplier. But everything is a negotiation and there is no fixed payment format that is applicable nationwide or industry…

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