Source and Negotiate

Buyers can search for products or Suppliers on moreplus-sourcing.com. After the Buyer selects a Supplier, the Buyer can negotiate the key terms about Purchase Order, and reach an agreement with the Supplier, including the terms of price, shipment, payment and the settlement, etc. Buyers and Suppliers can communicate directly online with message tool on moreplus-sourcing.com.

Special Products and Public Products

Buyers can categorize Special Products and Public Products in the Buyer Center.
Public Products File : Buyers can select products from moreplus-sourcing.com and put them in the “Public Products File”.
Special Products File : Buyers can create a Special Products file based on agreement with Supplier. The special products will not be exposed to any other Buyers.
All products in the two files can be traded and managed on moreplus-sourcing.com.

e-Contract

After the Buyer places initial purchase order online,

1. The Supplier will find the initial purchase order in Supplier Center and draft a formal e-Contract as per all agreement with Buyer.
2. After the Supplier submits e-Contract online, the Buyer will find it in Buyer center.
3. The Buyer will confirm the e-Contact online. This confirmed version of e-Contract is deemed as basic formal evidence for the transaction. In the meantime, the status of the purchase order will be shifted from PO (initial) to PO (confirmed).

Payment and Settlement

1. Buyer and Supplier’s Agreement on payment and settlement

1.1 - Payment : moreplus-sourcing.com allows Buyers to pay in two payments: Deposit and Balance; The ratio and time of the two payments can be negotiated and agreed upon by the Buyer and Supplier through e-Contract.
1.2 - Settlement : moreplus-sourcing.com directs DBS BANK to release Deposit and Balance to Suppliers according to the implement status of the Buyer and the Supplier; The ratio and time of the two payments can be negotiated and agreed upon by the buyer and Supplier through e-Contract.

2. Payee

The Buyer is required to make payment to a designated bank account of F S International Limited with DBS BANK (HONG KONG) LTD. The designated account details will be given to Buyer for payment after Buyer confirms the e-Contract. The Buyer is allowed to make one payment for multiple e-Contracts at once. The Buyer’s payment should be equivalent to the amount requested by Supplier. Any overpayment and underpayment will cause the transaction to fail and the total refund cost occurred thereby should be borne by the Buyer. Please note: The Buyer is required to pay deposit strictly according to the agreement in the e-Contract. Once deposit is received, the Supplier is responsible for preparing the cargo and delivering cargo to Logistic Company. The Buyer should pay Balance before picking up shipment at Destination Port. Remarks:
2.1 - The Buyer shall bear the bank charges and service charges of each payment service provider.
2.2 - In the case that the Buyer and Supplier agree on 0% Deposit (that is the Balance payment is the full payment), the Supplier should effect shipment no later than the agreed shipping date and bear the related risk.

3. Settlement

Rules for Settlement
3.1 - Release of Deposit: According to the E-contract signed by Buyer and Supplier, Moreplus will instruct the bank to release Deposit to Supplier One working Day when received Buyer’s payment.
3.2 - Release of Balance: According to the E-contract signed by Buyer and Supplier, In the case that Moreplus will instruct the bank to release Balance to Supplier One Working Day after shipment passes China Customs

Shipment/Consolidation

Consolidate into sea shipping container.

ship the goods by appropriate shipping solution according to buyers instruction, i.e. by express, air,
FCL/LCL sea shipping,rail transportation etc.

Shipment Delivery at destination Port :

For FCL cargo (all shipment are purchased by one Buyer ), the Buyer can pick up the laden container from Port directly . For LCL/bulks cargo, the Buyer has to pick up the cargo from our designed warehouse at destination. At the same time, More-plus Sourcing also can provide to door delivery service to end consumer door, please contact us for the details solution.

Trade Visibility Solutions

Please feel free to contact us : info@moreplus-sourcing.com
A better way to secure on-line Transaction
Please feel free to contact us : info@moreplus-sourcing.com