ChinaBuyDirect, Inc.

The process begins with the completion of our “Contact Us” email form where you can easily describe your product or attach photos and or drawings of your product directly from your computer. Upon receiving the product specifications, our customer service agents will acknowledge your inquiry the next business day and start working to process your inquiry. The factories submit competitive quotes for your business from our approved manufacturers. Please allow 3-7 days while we negotiate preliminary pricing on your behalf.

Once a quote is accepted, the customer issues a Purchase Order pending approval of the manufactured samples. The vender that has submitted the most competitive quote and also meets your quality standards will be ask to manufacture samples of your product. As soon as the sample is approved a Letter of Credit and/or wire transfer will be posted for the benefit of China Buy Direct.

Materials will purchased and our Ningbo office will oversee and manage the complete production run, maintaining strict quality control measures. Money is not released until goods have been inspected and delivered to the port.

China Buy Direct is affiliated with reputable freight forwarders that specifically handle the transportation of the goods. This not only assures you of a competitive price and faster delivery service, but also ensures container availability during the tight holiday season when most products are scheduled to arrive.

Finally, when the goods arrive in the port they have to clear customs where the duties are paid. China Buy Direct is also affiliated with top customs house brokers that have the right connections to guarantee smooth and quick entry into the US. This is especially important due to stringent post 9/11 security precautions. Once cleared, your product is loaded on a train or truck and delivered to your door.

Payment Terms　

Financing and how the money exchange occurs is an important segment of direct importing. In order to make importing cost efficient you must have the means to buy in bulk. However, this doesn't mean you have to put yourself at risk. China Buy Direct has relationships with trustworthy factories which make the transaction process much safer. Over time, and with repeated transactions, it may be possible to establish credit terms and make simple payments via wire transfer.

Letters of Credit　

The difficulty in overseas importing is the buyer is hesitant to release payment until he has the goods in hand, while the seller, the manufacturer, is hesitant to release or produce the product until he has the money upfront. The common practice used in the importing industry to prevent this gridlock is the Letter of Credit. The Letter of Credit is designed to protect both parties involved, the buyer and the seller.

Other methods of payment such as an Open Account, Time Draft, Sight Draft, and simple wire transfer require a longer relationship before terms can be negotiated. It is for this reason that initial orders of goods are imported through the use of the Letter of Credit.

In short, a Letter of Credit is posted by your bank, to our bank (The Shanghai Commercial And Savings Bank Ltd. Offshore Banking Branch Taipei, Taiwan) on your behalf, and represents an obligation that your monies will be released once the manufacturer has delivered your goods to the port or ship. Furthermore, the seller must deliver specified documents, which act as title to the goods, while meeting your predetermined conditions.

The Letter of Credit protects the buyer or importer by allowing the buyer to stipulate the terms that need to be met before monies are released. In the Letter of Credit, the buyer should request the proper documents required such as the Commercial Invoice, a clean on board Ocean Bill of Lading, a Packing List, Weight List, and an Insurance Certificate and Most importantly, you should always stipulate our exclusive China Buy Direct Inspection Certificate.

The importer should also set the term or the duration of the L/C, the latest shipment date, the port of origin, the port of destination, as well as the type of Letter of Credit. The Letter of Credit should conform to the Uniform Customs and Practice for Documentary Credit, also know as UPC 500. It is the set of procedures instituted by the International Chamber of Commerce and is the accepted banking practice in over 150 countries.

After prices have been agreed upon and the Purchase Order has been processed, a small deposit is usually required to secure materials and show good faith to the supplier. The Letter of Credit is then drafted by your bank and the pre-determined agreed upon funds are put in an escrow account. The banks will act as an intermediary in the transaction to make sure everything goes smoothly and correctly. If you don't have a line of credit with your bank, the bank will require 100% collateral. Once you apply for an L/C, your bank will advise the manufacturer's bank that funds have been placed in escrow on his behalf. This is the first step or notification that allows the manufacturer to proceed with production of your goods. In the second step of the process, the manufacturer ships your product and presents the required documents to his bank. In the final step, the documents are transferred to your bank and your bank carefully checks all the documents against the requirements stated in the L/C. If everything is order, they will release the monies in the escrow account to seller. These documents serve as title to the goods, they are forwarded to you. If the documents presented by the seller are not in order the payment on the Letter of Credit is rejected. Your bank will notify you and a decision must be made on how to proceed. In most cases a settlement is made through negotiations with the seller.

As the seller has already produced the goods and is in default of the terms of the Letter of Credit, you have complete control. For instance, a late shipment can be cancelled or even renegotiated at a discounted price. Please note: China Buy Direct, does not accept any orders that have potential for being late.

It is important to remember that although the importer can require an onerous set of instructions in the Letter of Credit, in practice, a too stringent requirement may delay receipt of the goods. Though amendments can be filed this takes time and could delay the delivery of your goods. The necessary documentation specified by Uniform Customs and Practice for Documentary Credit should more then adequately protect you.

In this manner both importer and exporter are protected. Furthermore, a stringent inspection process by China Buy Direct and Ningbo staff should further allay concerns.

In our organization, quality is of the utmost priority. We represent only the finest manufacturers that have been carefully screened and hand selected by our own representatives. We have a rigorous selection process that ensures both superior materials and quality craftsmanship. Furthermore, all our suppliers are ISO 9000, meeting the highest global standards for both quality and environmental management. Our manufacturers must also meet the United Nation's International Labor Organization's conventions for ensuring workers basic rights and conditions. In addition to representing only top tier factories, we also manage the complete production run. From initial samples to finished goods, our Ningbo office is the overseas presence you need

Our 10 point Safety Step Process

1) Samples are made according to your exact specifications and sent to you for your final approval.
2) Production materials are purchased and quality is confirmed.
3) Factory commences short production run. Product is inspected and tested.
4) We send our own team (usually unannounced) of unbiased inspectors for a second opinion. There is no charge for this service.
5) Upon satisfactory completion of steps 3 and 4, main production continues and factory routinely checks quality throughout the assembly run.
6) Factory rechecks quality upon packaging of finished goods.
7) We resend our own team of unbiased inspectors for a second opinion. Again, there is no charge for this service.
8) Upon satisfactory completion of steps 5-7 shipment is made and only then is payment transferred.
9) Optional. Third Party overseas inspection services are available.
10) Optional. We can arrange for you or a company representative to fly overseas and inspect the factory and/or goods.
11) Guarantee: Any product that is found to be defective will normally be replaced free of charge at the manufacturers expense.

References

References are available on request, we take pride in complete customer satisfaction. It is our goal to gain trust, form a good relationship, and grow your business and ours for long term.