Reasons for disputes in Import Export trade

Causes for Disputes under Export Import Business

 

Reasons for disputes in Import Export tradeReasons for disputes, in international trade, between exporter and importer can be many. Generally, the primary reason for disputes is quality of the goods exported. Under contractual terms in many export contracts, importer gets the opportunity to inspect the quality of goods only when the consignment reaches him. In many cases, by that time, the exporter would have got money. Even if the consignment is sent on collection basis, importer can check the quality only after retiring the documents. Other reasons for the disputes can be delayed shipment or non-shipment due to change in government regulations or market conditions, restricting exports, etc. Methods: There are two basic methods for disputes settlement viz. Litigation and arbitration. Litigation is highly unsuitable due to the proverbial delayed process, prohibitive costs and uncertainty of decision.

 

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Comments


Sheikh Manzoor: I m importing raw leather from Tunisia shipper send me proforma invoice 50% cash advance and 50% after 90 days credit but after receiving 50% advance he send the goods and send documents to my bank cash against documents and violating terms of proforma invoice in this regard please give me advice what steps I taken for save my money Thanks

ankith: We recently exported rice to a buyer in Dubai. Payment terms : 10 percent advance and balance against copy of documents. Everything went according to the plan. Now original 3 BL’s are in our safe possession with us but the consignee by making a forged / fake BL has taken the delivery of cargo. Please guide what should we do. Till now we have written to shipping line “ 3 original BL’s are in our safe custody : HOW you have cleared the cargo , kindly return our invoice value “

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