Chapter 130 It's Time to Apply for EP!

Jenny took the fax and said, "Okay, Director Tang, I'll get it done right away!"

After a while, Jenny sent a new fax, which was also sent from AFG Trading Company Abboud in Dubai. It was an agreement on the entrustment of the development of plastic daily necessities molds and purchasing intentions agreed last time. In fact, the content was The memorandum initialed by Abboud and Li Xiaofan over the weekend. But Abboud was very serious and asked the office to formally print a copy in English, and faxed it over specifically for Li Xiaofan to confirm.

Soon, feedback came from the company’s legal affairs department that there were basically no major problems with the terms of the trade contract for the 100,000 pairs of sunglasses. A few things were reminded of:

First, CO certificate of origin is generally required in Dubai. It is best to confirm the details with the Dubai customer to see if it is required. Second, the rest time in the Middle East is a weekly holiday every Friday. If this time is not cleared at that time, please pay attention...

In fact, they have communicated these two issues verbally before and there is no major problem. For example, the CO certificate of origin will be provided by Oriental Dawn Glasses Company and does not need to be reflected in the contract. Therefore, Li Xiaofan stamped the blue square seal of "Singapore Yifan Private Limited" on the final draft of the purchase contract, signed his name, and passed it to AFG Trading Company in Dubai.

Half an hour later, after confirmation from AFG Trading Company in Dubai, Abboud also stamped and signed the contract and sent it back.

After the contract was passed on, Aboud personally called Li Xiaofan and told Li Xiaofan that he had asked the finance staff of their AFG Trading Company to wire the advance payment of US$150,000 to Li Xiaofan's "Singapore Yifan Pte. Ltd." , I hope their first business cooperation will be successful!

The time difference in Singapore is 4 hours ahead of Dubai, United Arab Emirates. It is now 7 pm in Singapore, while it is only 3 pm in Dubai.

After ordering some care, Li Xiaofan confidently said to Aboud: "Please rest assured, Mr. Aboud, I will do my best to ensure that your order is delivered to you on time and in good quality and quantity. The delivery time will only be determined in advance." No delays!”

"Okay, then I wish our cooperation a success!"

At around eight o'clock in the evening, the fax machine made a beeping sound. After the fax paper was completely sent out, Li Xiaofan, who was standing by, cheered:

"Xinyi, AFG's advance payment of US$150,000 has been wired out!"

It turned out that what came from the fax machine was a copy of the advance payment of US$150,000 from AFG Trading Company in Dubai to "Singapore Yifan Private Limited".

Then there was another beep from the fax machine, this time a copy of the wire transfer receipt for the US$5,000 commissioned to develop molds for plastic daily necessities.

"That's great! Haha, in the next few days, US$155,000 will arrive in our Yifan company's account! That's great, haha, that's US$155,000!"

Li Xiaofan walked into Xinyi's office holding two faxes of wire transfer receipts, hugged Tang Xinyi and kissed her several times excitedly.

"Fan, you are great! Keep working hard, come on!" Xinyi in her arms was also happy for Li Xiaofan.

After receiving the copy and fax of the US$150,000 advance payment, Li Xiaofan quickly made a phone call to Wu Chunfen, director of the foreign trade department of Oriental Dawn Glasses Company in Wenzhou.

Wu Chunfen also happens to work overtime at her workplace. Due to the time difference with foreign clients, it is common for them to work overtime at night.

On the phone, Li Xiaofan excitedly said to Wu Chunfen: "Director Wu, the guests in Dubai have confirmed with our company the order for the 100,000 pairs of glasses that I mentioned to you last time, and have signed a formal purchase and trade contract with us. Then, how to sign a contract between us? Can the payment terms be more favorable this time? "

Wu Chunfen said: "Congratulations, Mr. Li! Can we still use the TT wire transfer method for the first order?"

"Okay, but can the advance payment be smaller this time? I may not have that much cash in my account..."

"Mr. Li, generally if you use TT wire transfer, the advance payment we require is 50% of the large payment, which is half of the total payment of 150,000 US dollars, 75,000 US dollars! If you really have difficulties, I can contact us Boss, please apply and see if you can reduce it a little. Then, Mr. Li, let me ask you how much advance payment you can currently afford."

"30%, $45,000, okay?"

"I really can't promise you this at the moment. I'll report it to our manager and boss before I reply to you, okay?"

"Okay, I'll wait for your news!"

Ten minutes later, Wu Chunfen called.

"Mr. Li, we just reported to our manager and boss. The boss said that because it involves the early mold opening costs, a minimum 40% advance payment is required, which is US$60,000. Take a look, is it acceptable to you?"

"Okay, then 40% is 40%! Then why don't you draft the contract after work tomorrow and send it back to me? I will try my best to sign a formal contract with you tomorrow and try to wire the $60,000 to you as soon as possible. You should hurry up and organize production and shipment!”

Wu Chunfen smiled and said: "Mr. Li, no need for tomorrow, I will draft this contract later and try to pass it on to you in the evening!"

"Wow, are you so efficient?"

"There is no way, our salary and bonus are all linked to performance. I am also working hard for myself!" Wu Chunfen said with a smile on the other end of the phone.

After hanging up the phone, Li Xiaofan excitedly took out his notebook to record.

"Let me calculate. Our new company has signed two trade contracts and a daily plastic product mold development and purchase intention agreement. The total payment is 40,000 Singapore dollars and 400,000 US dollars. We have received a cash advance of 12,000 Singapore dollars from Shahrukh, and a 15 US dollar advance wired from Dubai today, plus a 5,000 US dollar deposit..."

Tang Xinyi drank coffee and admired the night view of the Singapore River outside the window. She turned around and praised: "Afan, you are simply a genius in business. In just a few days, Three big deals were made in just one day!"

"Maybe it's just luck, the right time, the right place, and the right people. God helps me! Xinyi, the key is that you have contributed a lot. Without your help, I don't think the Abd couple in Dubai would trust me so much and send the advance payment so readily!"

"Then how are you going to comfort me now?"

Li Xiaofan teased: "Or we can go directly to the bridal chamber tonight and let me comfort you!"

"Go to hell!" After hearing this, Tang Xinyi's face flushed, and she twisted Li Xiaofan's arm with anger.

After the two laughed for a while, Li Xiaofan looked at the trade contracts and telegraphic transfer faxes in front of him, and said to himself: "I feel that it may be time to go to the Immigration Department to apply for an employment permit EP for myself!"