General

The two sides of international trade are far apart. How can foreign trade enterprises make foreign buyers believe in themselves? For foreign trade export, both parties to the transaction are far away from each country. Although each country has legal systems to restrain them, most businesses are not willing to take the initiative to file a lawsuit, especially the cost of international trade litigation is too high.

In most cases, they still rely on their own credit. Therefore, the significance of commercial credit in international trade is far greater than that in ordinary domestic trade.

With good credit, it may not be necessary to sign a contract. Only a fax, mail, or even a phone call can be used to trade goods worth hundreds of thousands and pay for them;

Due to bad credit, everyone acted cautiously and rigidly for fear of losses and increased transaction costs. So we should cherish our reputation.

However, the form of international trade is complicated, and there are also cases of price misstatement or market changes. At this time, it is not impossible to break the contract and renege on the account, but the reputation has been destroyed since then.

Therefore, in foreign trade, in order to ensure their credit, they would rather not make money or even lose a little, but also fulfill their commitments, which is much more common than ordinary domestic trade.

In addition to formal documents such as contracts, faxes and even e-mails, if the word "confirm" appears, it is customary to regard it as equivalent to the effectiveness of the contract to protect your own credit.

After all, the Jianghu is dangerous. There are countless international fraudsters and dishonest people. Unless you have regular customers and many business contacts, you can't easily believe them.

In particular, because of the different global jet lag, different work schedules and frequent delays in message transmission, it provides more convenient conditions for deliberate fraud.

In a word, we should abide by the principles, maintain our international trade credit, and cooperate with more customers.