Cross-border Barter Trade
Cross-border Barter Trade
Cross-border Barter Trade
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Chinabidders Cross-border Barter Trade Platform was initiated in March, 2019. Affiliated with V-FLO Group, and subordinate to Chinabidders, this platform is dedicated to provide all-round solutions to international barter trade service problems for all enterprises.
This platform, based on V-FLO experience in international trade and services in the last 17 years, integrates quality resources of domestic and foreign freight, warehousing, logistics and bonded service of modern ports, and provides advanced and personalized barter trade solutions for import and export companies all over the world.
By introducing Internet+ concepts into traditional barter service by means of e-commerce technology, employing barter settlements instead of financial instrument and together with offline trade parties, Chinabidders aims at building a new, modern and comprehensive barter trade system that promotes the development of import and export companies around the world.
Barter trade, old yet fresh, exists before currency. In recent years, with development of internet technology, driven by the advancement of Big Data and Cloud Computing, business model of barter trade has made great progress by taking advantage of modern information technology, and has formed new industrial growth points.
IRTA estimates that in the next five years, clients of barter companies will have been doubled in number and will further double such a figure in five years after that, which makes a growth rate of 15%. It means barter trade has been playing an important role in economy of many countries, and has become an important and helpful form of compensation trade in monetary economy. Especially for those countries subject to international sanctions due to some reasons, barter trade will play an irreplaceable role in foreign trade.
Chinabidder Barter Trade Platform will not only serve as an important compensation for modern monetary payment system, but also solve the problem of foreign currency shortage due to imbalanced import and export trade between countries. In the future, it will also extend to the barter trade between nations with serious imbalance in resources, industry and market needs.
Relieved from bank settlement problems and sanction pressure. Less trouble of exchange rate fluctuation
Gathering superior market resources and optimal barter goods sources. Multilateral barter trading
Margin trading for low cost and high reliability
Both the buyer and seller get more speedy payment from sales of goods
Importer outside China
Exporter inside China
Export Agent: The Chinese company for Seller’s export agency.
Import Agent: Serve as Buyer’s agent for import and sales of barter goods in China.
Barter agent: Serve as Buyer’s agent for export of barter goods in Iran.
Both buyer and seller register on platform and upon verification may log into platform for participating in barter trade
01
Both parties pay service fees and performance bond to the platform.
03
The buyer get advance payment from Platform and deliver goods.
05
Platform completes barter goods sales and payment collection，Platform pay the contract balance payment to the seller and buyer takes delivery of goods.
07
Upload sales contract to platform for review and confirmation.
02
The buyer delivers barter goods of equivalent to the contract value to platform for handling export and shipment.
04
Platform processes import customs declaration and pays customs tariff , VAT etc. on buyer’s behalf.
06
Both parties confirm transaction completed. Performance bond released.
08
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