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"Japanese businessmen are managing with Chinese
corporations' money! The irregular T/T is the cause of the confusion." Said Mr.Uno, who is the former chairman of the Okasaki stone association."the Japanese company should not do so, but the result is caused by Chinese corporations
themselves. Confusion-betting for accepting T/T."Actually, the Japanese importers are taking the money of Chinese exporters to do business. The irregular payment terms鈥擳/T is the root of this abnormal phenomenon," Mr. Uno, the former chairman of Okasaki Stone Association of Japan,
who was invited to visit Xiamen not long ago,said frankly, "For this, Japanese companies should not do that. However, Chinese companies must take more responsibility."
Irregular phenomenon鈥攔un to accept T/T credit from Japanese importers.
The so-called T/T is that Japanese stone importers ask Chinese stone exporters for an account sale and promise to wire transfer the payment after several months of shipment. L/C is the popular international payment terms. The
banks are responsible for the importers to pay the Chinese exporters. However, if the payment term is T/T, then the banks take no risk for the payment. It will be up to the Japanese importers whether they will pay promptly and totally.Therefore, the Chinese companies have to take all
the risk for the payment.
According to some stone reports, among Chinese stone exporters to Japan, from 20% to 80% accept T/T from their Japanese customers. The due time has been lengthened from one month at the beginning to five months now.
Bad fruit鈥攑rice falling down; payment meeting
difficulties
"The stone business is becoming more and more
difficult, "this is the common sign from both stone industrial and trading companies from the south of Fujian, also the whole China.
Due to the fierce competition, during several years, the price per Sai of tombstone has fallen down quickly. At the same time, the number of companies credited is increasing.
"The Chinese companies send us fax and come up with T/T payment terms themselves. In Japan, if the payment is delayed for so long time, many companies will go bankrupt." Mr. Uno said. For such stupid things, why we do it again and again?
Suggestion鈥擝oth stone association and government
must interfere this problem
Mr. Chen Dazhong, the vice chairman of Xiamen Chamber of Commerce, said that requested by the stone companies, The municipal Chamber of Commerce is preparing to set up a " stone industry association", The members can be outside
Xiamen. They hope to erase this bad situation by self-discipline.
"Without the intervention of the government, this problem can not be solved." The career men said.If the customs do not allow T/T payment term when the cargo is claimed to them, or the State Administration of Foreign Exchange do not cancel after verification for the trade under T/T, or
the revenue do not give drawback for the export under T/T, then the exporters will refuse T/T.
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