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.

 

TYPES OF MARINE INSURANCE POLICIES

Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading

USDA hold by US customs for import cargo

Vessel sailing in export business

How to amend measurements in IGM (Import General Manifest) in India

How to amend number of packages in Import General Manifest (IGM)

We have IEC, can we export from all ports?

What are the legal documents in exports

What does ECGC do on default of payment of any overseas buyer?

What happens if Date difference in HBL & MBL

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

How is time of supply accounted under GST Tax Calculation 

 

Valuation of GST under special cases 

Valuation of GST Taxable supply


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

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