Should You Be Alarmed by Chinese Companies Using QQ Mailbox for Contacts?
Curious about why so many Chinese companies use qq.com for their contact email? Explore the debate in this post.
Trade Contracts in China
Risk Management Before Contracting with Chinese Companies in Bulk Commodity Trade
The first step in risk management for bulk commodity trade is to proactively address potential risks before entering into contracts. To minimize risks, businesses must adopt proactive measures to lower, avoid, share, and control risks based on different situations.
What to Do When Your Chinese Supplier Goes Silent Amid Pandemic Challenges?
Lost contact with your Chinese supplier during a pandemic? Discover how one company revived communication, navigated cost challenges, and secured delivery.
Risk Management in Bulk Commodity Trade with China – Payment Risks and Their Mitigation
The post focuses on the legal application of installment payments, risk management strategies for delayed payments, the significance of reserving ownership rights, and the impact of market factors on commodity prices.
Who Should Sign on behalf of the Foreign Company the Contract with Chinese Companies?
Directors of foreign companies can sign contracts with Chinese counterparts, and the absence of the foreign company’s stamp won’t invalidate the contract, except in cases where specific agreements or the foreign company’s articles of association impose restrictions on the directors’ signing authority.
Fraud Alert: if a Chinese Company Signs a Contract Like This
You must be alert to fraud when the following situations occur.
Who Should Sign the Contract With the Chinese Company on Behalf of the Foreign Company?
The director of the foreign company can sign.
How to Ask for Samples from Chinese Manufacturers?
When you buy tailor-made products in bulk from a Chinese manufacturer, you need to get the samples first.
Is It a Problem if My Counterparty Is a Chinese Trader, Not a Manufacturer?
Doing business with a large business trader may be better than directly with a small manufacturer.
Be Cautious with Contract Templates, as It May Lead Failure to Recover Debts
Be Cautious when you use a contract template, otherwise, this may lead to an awkward situation where you have to apply for arbitration to an institution out of nowhere.
Incoterms CIF: Should Buyers Pay THC at Destination Port?
No. Sellers shall pay the cost of Terminal Handling Charges (THC) according to the International Rules for the Interpretation of Trade Terms 2010 (2010年国际贸易术语解释通则) (“Incoterms 2010”).
What Happens to a Chinese Enterprise’s Shareholders if It Goes Bankruptcy?
When a Chinese enterprise is adjudged bankrupt, it generally means that its assets are insufficient to pay off all its debts, so its shareholders cannot recover their capital contributions through bankruptcy procedures.
Want to Sue a Chinese Company? Do You Have a Contract under Seal?
If you don’t have a contract with the seal of this Chinese company, this Chinese company may deny having transacted with you.
Why Consistency between English and Chinese Versions of Trade Contract Matters?
This is because conflicting clauses in the different versions will be deemed to have no effect. Therefore, you should review each clause of the Chinese contract carefully.
Is CISG Automatically Applicable in China?
The answer is YES, as long as the international sales of goods contracts are concluded between parties whose places of business are in different Contracting States of the United Nations Convention on Contracts for the International Sale of Goods (the “CISG”). In such cases, the Chinese courts shall apply the Convention automatically.
What Is the Chinese Company Stamp and How to Use It?
In China, the official company seal or stamp is a symbol of corporate power.
If the Chinese Supplier Hasn’t Shipped the Goods, What Should I Do?
You should terminate the contract before considering whether to claim compensation from him.
How Does A Chinese Court Determine Your Right to Claim If There Is Only A Simple Contract
If the content of the purchase order or contract entered into between you and the Chinese company is very simple, Chinese court may refer to China’s Contract Law to interpret your transaction between the Chinese supplier.
Can I Ignore the Transaction If the Goods of the Chinese Supplier Are Poor-quality?
You’d better not turn your back on your deals with Chinese suppliers. You shall terminate your contract in accordance with reasonable procedures.