How to deal with overdue shipments?

Overdue shipments have brought relatively large hidden dangers to security exchanges. The dangers are mainly reflected in the following aspects:

1. Overdue shipment is actually a de facto breach of contract. It directly violates the contract and letter of credit's agreement on the final shipment date.

2. Overdue signing of bills of lading after overdue shipment is a commercial fraud.

3. Overdue shipments are also an important reason for the payment of goods being refused, especially in the case of near-sea transportation. It is particularly unacceptable for importing middlemen. Even if one day's overdue endorsement, it is likely to cause the other party to give various reasons. Refused to pay the purchase price.

Therefore, in the practice of export trade, it is necessary to avoid the phenomenon of overdue shipments as far as possible to reduce trade risks and ensure safe exchanges.

For the inevitable undue delay due to the unpredictability of production, transportation, inspection, customs clearance and other links, the best way is to negotiate with customers and delay shipment. If the relationship with the guest is better, and if the overdue time is shorter, a letter of guarantee may be issued to let the shipping company downdort the bill of lading. With the reversal of the offshore bills of lading for one to two days, the reversal of ocean bills of lading for one to five days is generally acceptable.

However, what should we do about the situation where the overdue time is long, and because of the inability to negotiate with the customer to change the card due to various reasons? If you choose not to deliver goods in order to avoid risks, you obviously cannot solve the problem.

What can we do to ensure both a smooth shipment and a safe exchange?

First of all, we must understand the reputation of the guests, the needs of the market, and also have a certain degree of certainty over the quality of the goods, and must not blindly deliver goods. On this basis, in order to prevent overdue delivery, it may negotiate with the shipping company to allow it to issue an expected bill of lading that is strictly in line with the terms of the letter of credit and can be picked up at the port of destination before shipment of the goods. The number of the bill of lading, the box number, the name of the vessel, the voyage, etc. can be provisionally compiled. It should be pointed out that it is very important to hand over a set of settlement documents that are consistent and consistent with the documents. After the foreign exchange is settled, the bill of lading change notification can be sent to the customer in the name of the shipping company, indicating the correct name, voyage, box seal number, bill of lading number, etc. so that the customer can take delivery of the goods at the first time.

Of course, due to the fact that the actual situation is very different, it is not possible to use only one method to solve the problem of overdue shipments. In actual work, we still need to avoid overdue shipments. After the overdue period, efforts must be made to safeguard both the rights and interests of the supply and demand sides and secure foreign exchange collection.