Chinese merchants traveled all over the world to do business, starting with the foreign trade of clothing and textiles. However, the Shanghai Maritime Court issued a reminder that current disputes regarding the export of textiles to emerging market countries are high, and domestic enterprises should pay attention. Click to learn about cashmere sweaters Emerging market fluctuations affect foreign trade According to Shanghai Maritime Court statistics, the number of cases of disputes relating to the transport of goods by textile export companies that have been accepted in recent years has been at a high level. The reporter consulted the court’s legal documents with the keyword “textile†and found that there were 47 related documents in 2014, 43 in 2015, and the number soared to 76 in 2016 (including judgments and rulings). There are 39 judgments in the instruments since 2013, and there were 16 judgments in 2016. Click to know immediately how to buy cashmere sweaters Among these disputes, the export destinations of goods are mostly emerging market countries such as Middle East and Latin America, and there are many ways to use cash on delivery. Reporters found that the export destinations in the case included Russia and Poland in Eastern Europe, Brazil and Mexico in the Americas, Jordan, Bahrain, UAE in the Middle East, and Kenya in Africa. Exports of textiles include artificial fabrics, polyester stretch knitted fabrics, polyester printed fabrics and other apparel fabrics. The White Paper pointed out that in emerging market countries, economic fluctuations have been greater in recent years, and the risk of payment due to currency devaluation is high. In fact, the economic conditions of the above countries are not optimistic. The Russian ruble suffered a sharp depreciation. Before October 2014, RMB 1 was exchanged against 5 rubles. In February 2016, RMB 1 is 12 rubles. During this period, the devaluation exceeded half. Brazil experienced a recession. In July 2015, the Brazilian Real had depreciated by 8% within five days and the cumulative devaluation reached 21%. In Mexico, the peso has depreciated significantly against the U.S. dollar for many years. Did not receive the money, the goods were taken away The Shanghai Maritime Court pointed out that most of the current foreign trade contracts for textiles use FOB terms of trade. After the delivery of goods, domestic exporters have a lower percentage of original bills of lading. As we all know, under FOB trading conditions, the importer appoints freight forwarding, so the owner of the bill of lading is not the exporter but the importer. This to a certain extent induced a dispute that the goods were being extracted at the port of destination and foreign buyers had not paid for the goods. Click to know immediately cashmere sweater mall For example, in December 2013, Shanghai Textile Decoration Company entrusted DHL with the delivery of 465 volumes of artificial leather fabrics in accordance with the customer's order, and arrived in Poland, the port of destination for Hamburg. The customs declaration amounted to 4,8920.80.8 US dollars and the freight was paid. After the shipment of the goods, the consignee did not pay the contract, and the Shanghai company did not notify the delivery of the goods. In October 2014, DHL informed by e-mail that the goods under the bill of lading had been placed in Poland. The Shanghai company verified that the DHL staff had made mistakes in work and had no bills released, causing the goods involved in the case to be picked up by the consignee. As a result of the collection, there were still 13,945 US dollars failed to recover. Therefore, Shanghai Textile Decoration Company brought DHL China to court. In the end, Shanghai Maritime Court ruled DHL compensated 13,945 US dollars and corresponding interest losses. Want to know more about Cashmere Sweaters, Cashmere Sweaters Specials, Cashmere Sweatshirts Purchases, Cashmere Sweaters Malls Related Information: Accessible Pay attention to WeChat public number "Cashmere sweater industry platform" to learn more about cashmere sweater information Activated Carbon Nonwoven,Active Carbon Cloth,Carbon Filter Fabric,Activated Carbon Non Woven Fabric TAIZHOU GAOXIN NONWOVENS CO.,LTD , https://www.cntz-nonwovens.com
Exports of Textiles to Emerging Markets
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