Re: Buying a container
I gotta chime in on this one. There are HUGE risks. My family owned a lumber, window, millwork, and door distribution and light nmanufacturing business. We would buy wood mouldings by the container. They had to be paid for before the container was loaded on to a vessel. Once on the vessel, the deal is done. Your money and goods are at risk, uninsured, until they hit land again. The first container we got was great. The next two we purchased, the material was junk, barely usable with 50% waste. We improved the quality by hiring a represanative in China to inspect the goods before they were loaded but we never received the quality of the first load that got us hooked. We quit buying containers after there was an accident on a boat where some containers fell. The seals around the doors became loose and everything inside ours was covered in a black goo from salt water, boat fumes, I don't know. It cost us 200 grand though.
high risk, high reward
tread carefully
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