Currency use in quotation and payment
 

Due to the dramatic change of currency exchange rate of US Dollar or Euro against Chinese Currency (CNY), it brings difficulty in keeping consist pricing. From July 2010, Euphengdecides to use Chinese currency (CNY) for the quotation. Customer payment will be done by US dollar or Euro with exchange rate at the day of payment (or Invoice issued). For the convenience of customer to understand the cost in Chinese Currency (CNY), Eupheng also provides US dollar cost with reference exchange rate. US dollar cost with reference exchange rate will be adjusted by the real exchange rate at the day of payment or Invoice issued. Currency exchange rate web link:
http://www.boc.cn/sourcedb/whpj/enindex.html

 

Pay term
 

Our price is quoted based on the term of EXW (out of factory).

If customer chooses courier shipping such as DHL, UPS ect., there is no extra cost because they provide door to door service. But if customer’ order covers too many items with limited order quantity; handling cost of CNY140 (USD22 at exchange rate 1: 6.3) to CNY280 (USD44) will be applied. No handling cost for sample order or first trail order.

If customer chooses sea or air shipping requesting delivery to port and going through custom process, as the term of FOB. We will charge some cost bases on different conditions. Please kindly see below.

A. If we help customer to book a forwarder for arranging goods air or sea shipping, following fees will be charged.
1) CNY15 (USD2.4) per carton and extra one flat CNY200 (USD32) per shipping for inland shipping cost from our company to Shanghai port. If loading port is in Qingdao, the shipping cost will be very high. We need to do shipping cost inquiry before invoice finalized.
2) CNY400 (USD64) per shipping (custom fee and document cost charged by forwarder)
3) Sea shipping cost 
PS:
1) If Telex release bill of loading is requested, it will cost CNY100 (USD16)
2) If goods were ship to USA or CA, CNY160 (USD25) to CNY200 (USD32) as AMS/ACI cost per shipping will be charged.
3) Certificate of origin costs CNY50 (USD8)
4) Custom random checking cost happens by chances.

B. If we use the forwarder whom is our customer requested, and customer responsible for the sea shipping cost in their end.
B1. If it’s EXW term, we will still help our customers arrange goods ship to Shanghai port, and charge basic cost CNY15 per carton and one flat CNY200 per shipping for inland shipping cost from our company to Shanghai port. If shipping to Qingdao, the cost will be very high. We need to do shipping cost inquiry before invoice finalized. Usually our support for domestic shipping is more economic than picking up service cost from customer assigned shipping agent. Other cost customers will directly pay their assigned shipping agent.

B2. If it is changed into FOB term, we have to ask the forwarder what cost will be charged. Then we will charge the cost from customer directly. If the forwarder can not provide us clear cost, we will collect the cost as below:
1) Domestic shipping cost as above A
2) CNY400 (USD64) (custom fee and document cost charged by forwarder)
3) CNY60-80/CBM (USD10 to14) (CFS-CFS cost charged by forwarder, sometimes it is also termed as cost from port to container arrangement cost) 
4) CNY250 (USD40) per shipping (Handling cost charged by forwarder)
If our charge is different from the shipping agent cost, the difference will be balanced with customer’s next order.
PS:
1) If Telex release bill of loading is requested, it will cost CNY100 (USD16)
2) If goods were ship to USA or CA, CNY160 (USD25) to CNY200 (USD32) as AMS/ACI cost per shipping will be charged.
3) Certificate of origin costs CNY50 (USD8)
4) Custom random checking cost happens by chances.

 

Bank information
 
Sorry, we are updating some of our bank information.

 

Quality Guarantee
 
Price term is EXW (out of factory warehouse), and also many products are made per customer design for OEM service. 
For product quality issue, if it is proved our quality or design problem, we will compensate all or provide free repair. Usually, compensated items will be shipped with customers' next order. No separate shipping, separate shipping is very expensive.
Unsatisfying products return for refund only after 1. we receive your returned items in good unused condition and 2. verified the return reason as you reported products can not be re-sold for your profit.
If the problem happens due to end customers' usage, we still support spare part supply or product repair for basic cost. 

All shipping will be responsible by customers. More detailed guarantee policy for different products, please see our Q&A in different product section.

 

Sample policy
 

We can provide free sampes for customer to check the quality. We have two shipping methods. Number one is by China Post, we don't collect freight. But the delivery time is around one month and China Post has no the tracking number. Another method is by courier, If you choose the courier, you should be responsible for international freight. We wish your understanding.

 
MOQ for fishing hooks
 

MOQ on fishing hooks (normal size for carp, fly fishing and fresh water fishing) usually is 30,000 to 50,000pcs for each size and each color. For these in stock, they are flexible. MOQ on big sea fishing hooks can be just 5,000pcs. Sample and first trial order no strict request. For customer hooks, new tooling development requested, MOQ will be strictly requested according the hook size. Normal case, 50,000, some big hooks can be 10,000pcs for per size and per color. Usually, our hooks sell in bulk and packed by 1,000pcs per bag. We can support your trial order quantity by 1,000pcs for your testing after checking our stock condition.

 

 

Contact Information
  Company Name: Eupheng Hook Manufactory Co.,LTD
  Contact Person: Mr. Chao   Hang
  Address: 18# West Xieyue Road, Xieji Town, Yizhen City, Jiangsu Province, P.R.China
  Zip: 225009
  Telephone: ++ 86-514-8381-6009
  Cell: ++86-139-514-358-02
  Fax: ++ 86-514-8381-6009
 Company Web Site: http://www.eupheng.com
 
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