Tisco Industrial Co Ltd

Are you looking for information on the company Tisco Industrial Co Ltd located in China who sells Rebar? If so, read below to read one buyer’s experience with this company.

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Buyer’s Nationality:
Mongolia

Seller:
Tisco Industrial Co Ltd | Tinjian Blueprint Iron and Steel

Seller Website:
www.tiscosteel.com

Seller Address:
No. Building 2, Beichen Mansion, Beichen District, Tianjin, China

Initial contact with the supplier:
Online Supplier Directory

Type of product(s) being purchased:
Rebar

Value of the Purchase Order when the incident occurred:
100,000 to 1,000,000 USD

Destination market of order in question:
Other

Type of Complaint(s):
Missed Lead Times, Lack of Labor, Contract Violations, Scams & Other Unethical Activities

Stage of relationship with the supplier at the time of the incident:
Initial Order

User Experience:
On June 3rd 2021, our company signed a contract with this company ( other name Tianjin Blueprint Iron and Steel) total amount of 343,772 USD to purchase a 480 ton rebar.

On June 7th 2021, the first installment of 85,941 USD was transferred to the Seller’s bank account to purchase first 300 tonn. According to the contract, rebars should have been prepared and sent within 10 days.

However, it was delayed from the Seller’s side until August 26th 2021. The Seller claimed the increased transportation cost and other transportation issue. Accordingly, we’ve agreed to pay additional 3,500 USD as a transportation cost. On August 19th , the second installment 117,156 USD has been transferred to the Seller’s account. After receiving the payment, 300 ton has been delivered to the bordering city Erlian.

On August 28th 2021, the gross weight (48,898 ton) on the Weight bill differed from the actual gross weight (35,54 ton) received in Erlian. It lacked 13,358 ton per truck. Accordingly, we have contacted the Seller to explain the fake Weight bill and informed that we will only accept the products with real documents. However, until today we have received no explanation on fake weight bills and not received our product (all 300 tonnes).

The seller ( Jessie) started to blame us for not receiving the trucks despite fake weight bills. She never gave any explanation or mentioning about the differing weight bills. Instead, she started a blame game. We have lost the summer (construction season), construction work has been delayed, but surprisingly they became the victims despite receiving the money 100%. This company disregards the contract. On the contract, they should’ve paid us penalty for delayed delivery, which they totally ignores.

User Recommendations:
Never sign a contract via email. Go in person, meet the people, see the factory, choose your products in person. Sign a contract in person. Don’t pay 100% before receiving the goods on your hand.

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