Purchasing goods from China
posted 2 years ago
I need assistance with a case I came across.
A company have ordered a load of Corten steel sheet from a Chinese company and paid €20,000 as a prepayment.
Unfortunately, the Chinese seller after receiving the prepayment claimed a higher price due to the rise in global steel prices. At the moment there isn’t such thing as a contract between the buyer company and the seller, only a purchase order signed by both parties.
The payment was paid after verification of PI(purchase Invoice), however, the seller has stated only in their email exchanges that the price will be fixed till the end of the agreement.
What can be done at this stage? Can you please advise me regarding this matter.
- Commercial and Business Law