It seems my Chinese supplier has stolen $50,000...do I have any recourse?

Re:It seems my Chinese supplier has stolen $50,000...do I ha... by rexreed on Friday February 04, 2011 @06:02PM (#2181716)

This is what good insurance is used to cover. Having operated a business that sourced goods from China, your story is not surprising. I've had materials held hostage at customs because they wanted an upfront, wired payment.

In my experience, Chinese manufacturers have very little incentive or desire to provide credit or terms of any kind. They also have little desire to problem-solve issues or defects. So, it's no surprise that your problem is (according to them), your problem. I don't know if there is even a Chinese equivalent to the saying "the customer is always right".

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Re:It seems my Chinese supplier has stolen $50,000...do I ha... by mistermann on Friday February 04, 2011 @09:14PM (#2182217)

But this is not a credit issue, everything is always paid well in advance of use receiving it. In the past we have sent well over $150,000 in one order, months in advance of delivery, largely on good faith. So that we are getting treated like this as if we are bad partners, is a bit ironic.

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