Fresh fruit, vegetables, garments, furniture and all other sellers run transactional risks, it is that simple.
But one of the most problematic issues since the beginning of Covid and now during the Black Sea Crisis that sellers face, is not getting paid by the buyer on delivery.
Shipping fresh produce overseas causes the seller a multitude of problems. And what do you do if the buyer simply tells you that you won’t be receiving the full balance because the cargo was allegedly damaged or was of poor quality?
You are 1000s of miles away and no evidence of damage has been submitted to you even though you have asked for this proof.
You know your cargo was stored properly and loaded at the right temperature at the origin. But just can’t prove it.
Bottom line – You are given the cold shoulder and are out-of-pocket.
Here is your solution:
Having a good business relationship and establishing trust is key all times. However when there is a high risk of business frauds due diligence must pay an important role in everything you, the #exporter does.
ALWAYS gather evidence at the loading and demand full payment upfront from first-time business partners.
Having a good business relationship and establishing trust is key. If you surround yourself with the right buyers and sellers, maintain that relationship, but above all. ALWAYS gather evidence of shipping…