Gao Huai carefully checked the videos and photos brought back by Li Xiaoliang and was convinced that there should be no problem with the quality of the product. After all, Simingda wanted to do a long-term big business. For such a large contract, he would definitely strictly control the quality.
What he had to do next was to prepare the shipping information. Based on the documentary collection documents required under the letter of credit, he compiled a list and sent it to Xiao Liu, asking her to prepare the shipping information.
Xiao Liu has very little experience in foreign trade and is not familiar with the operating procedures of letters of credit. Through the communication during this period, she has great admiration for "Wen Xun" in Country G. Although she and Gao Huai communicated through emails, she had never met him in person or spoken to him on the phone. The girl felt that he was a very capable person, otherwise how could he start a company abroad?
Therefore, based on this trust, she believed that whatever Gao Huai asked her to do was right. She would make whatever documents Gao Huai asked her to make according to his requirements. As for the purpose of these documents, she had no idea.
When filling in the product declaration information, it was originally filled out on the computer, but Gao Huai deliberately omitted a number. When Xiao Liu confirmed with him, he deliberately wrote the wrong customs code, confusing 6 and 8. Xiao Liu did not see that the two numbers were different, and did not realize how much risk this wrong data would bring to the goods.
In addition, the production cycle stipulated in the letter of credit is within three months. If the delivery exceeds three months, the seller must bear all consequences. Sadly, Xiao Liu did not discover this ambiguous clause and had no way of knowing the potential risks behind it.
With the hard work and overtime of all the staff of Mingdan Company, all of Gao Huai's orders were completed. At this time, his bank information in Country G was also completed. According to the address he provided, Xiao Liu sent the completed documentary credit documents to the negotiating bank in Country K.
In order to keep a firm control over this batch of goods, Gao Huai designated a freight forwarder from Country G when arranging the shipment. He had known this freight forwarder for many years and was well aware of their routines and how deep the waters were. When Xiao Liu cooperated with the freight forwarder to fill out the shipping information, Gao Huai deliberately provided an address that was inconsistent with the terms of the letter of credit. Xiao Liu did not notice it, and the freight forwarder did not remind him. In this way, this batch of goods added another hidden danger.
The freight forwarder was appointed by Gao Huai. He bears all the costs and is the freight forwarder's god. In the process of confirming the shipping details, the freight forwarder completely obeys Gao Huai's instructions. Xiao Liu knows nothing and can only passively cooperate with Gao Huai's arrangements.
The delivery period stipulated in the letter of credit was within three months, but when Xiao Liu prepared all the shipping documents and urged the freight forwarder to arrange the pickup, the freight forwarder always postponed the pickup on the grounds that the container had not been ordered. Xiao Liu was worried that the delayed delivery would affect the payment of the letter of credit, but the freight forwarder told her nonchalantly that a delay of a few days would not affect the payment, and the shipment was not arranged until the tenth day after three months.
After the goods are loaded, according to Gao Huai's requirements, the bill of lading will be made in a registered form, which means that after the goods arrive at the port, Rick can pick up the goods at any time.
After confirming that the bill of lading was correct, Xiao Liu sent the documentary collection documents to the address provided by Gao Huai. Gao Huai took advantage of the girl's lack of understanding of the flaws in the letter of credit process and let her complete the entire shipping process in a confused manner. As for the points of disagreement, she knew nothing about it.
Simingda stood by and watched as the container truck was loading. When he saw the container truck leave the factory gate, he breathed a sigh of relief. Having completed the order, he could finally breathe a sigh of relief.
The negotiations started when I received a call from Li Xiaoliang. During the process, we went through the processes of proofing, factory inspection, video conference, deposit collection, and goods inspection. It took more than seven months in total. We finally completed this big order and now we can wait for the final payment with peace of mind.
Since sending out the documentary proof of payment documents, Simingda has been looking forward to receiving the balance every day. From time to time, he asks the finance department to call the bank manager. However, more than 20 days have passed in a blink of an eye, and there has been no movement in the payment for the goods. He began to feel uneasy. Could something have gone wrong?
He asked Xiao Liu to send an email to Gao Huai. Gao Huai responded promptly the first few times. He said that the goods had not arrived at the port yet and the letter of credit payment could not be so fast. After perfunctorily answering Xiao Liu several times, Simingda did not take it seriously. After all, the letter of credit was accepted by the bank and there should be no problem.
What he didn't expect was that time passed day by day, and in the blink of an eye, more than two months had passed, and there was still no news about the balance payment.
Not only Simingda was panicking, Wang Mudan also began to get restless. She personally called the accepting bank, and the accepting bank replied that they had urged the negotiating bank, but had not received any reply, so they asked them to ask the customer.
In desperation, Si Mingda had to send an email to the mysterious "Wen Xun" himself. What shocked him was that all the emails he sent fell into the sea, and his payment for the goods and "Wen Xun" seemed to have disappeared out of thin air.
Wen Xun originally promised that he would receive the balance payment one month after sending the documentary proof of credit. Now it has been more than two months, and there is no news about the balance payment or him. How can Simingda remain calm?
Gradually, a huge sense of panic began to spread in Simingda's heart: "Has something happened?"
He had heard rumors about letter of credit fraud from his friends before, but at that time he had never dealt with letters of credit, so he didn't take the fraud cases his friends told him seriously.
He never imagined that the legendary letter of credit fraud case would happen to him one day.
Thinking of this, he felt a chill in his heart. The final payment was nearly 5 million RMB, which was no small amount. He steeled himself and called the bank manager again: "Excuse me, the payment for the letter of credit hasn't arrived yet. Could there be a problem?"
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