Focus on the import duties. Import duties will be based on the HS code of the products you import, the countries of origin which is China and the destination. In case your Chinese supplier has some export knowledge, he must know exactly what the HS code for your product is. However do your research and verify the product description of the HS code if this matches to the product you import. Definitions are often indefinite. An incorrect HS code might delay the custom clearance of your shipment.
Payment for Chinese exports is normally done by credit card, but majority of Chinese suppliers also acknowledge other types of payment, that include cash, check, or maybe even PayPal.
You should have a good calculation of the landing cost before making your order. The formula for this will be landing cost = cost of the products fob + transport costs by forwarder + import duties (if any) + local transport costs + cost of service providers (inspections, agents, etc.). There might be some unknown cost and you can also seek advice from an import management company, yet the best solution to prevent bad surprises is by doing an initial order of a small quantity, and gather all your expenses and adjust your landing cost estimate.
A letter of credit is often used for China traders. Visit your bank to obtain detail formality and cost.
Use escrow services for payment if possible. Escrow providers permit a buyer to place funds with an independent third party, to be sent to the seller as soon as the person has finished his or her end of the supply and shipping agreement.
Exporting agents in China are extremely selected by Chinese exporters. Most of these export agents are also 3rd-party suppliers, some just provide export services.
Ignoring conformity is often very costly. It may pressure you to pay expensive and unplanned customs duty, like anti-dumping duty, along with the risk of postponing your customs clearance. It will charge you expensive storage fees at a railway station or container yard.
A great way to look for supplier and seeing them personally is through visiting the trade.
Mostly an initial deposit of between 30-50% will be required by a Chinese Manufacturer to have your product/order into production.
