Below is taken from an email from Fredrik Gronkvist of chinaimportal.com. I find their advice very conservative and intelligent and below is no exception.
Many importers rush to procure face masks and other medical devices right now. However, this is a high-risk market and I urge extreme caution. In this email, I share our guidelines and how we can help you.
Scams: Beware of scams involving medical products. The risk of payment fraud and delivery of non-compliant and/or inferior products is high at this time.
Export Bans: Some countries enforce export bans on certain products. Export bans enforced after you have placed an order can result in a total loss – or severe delay.
Supplier Screenings: We can help you check suppliers
We have recently received many inquiries from buyers requesting supplier background checks. We have offered a supplier screening service for many years and reduced the price from $299 to $199 per supplier screening in February. Learn more here
Need help to get medical devices quality inspected? Reach out to me via email and I will introduce you personally to our QC partner.
Read this before you order medical devices
Here are our recommendations for importers planning to order medical products.
Prices: It’s currently a seller’s market for many medical products, with more demand than supply. Expect higher unit prices for more products.
MOQ: The Minimum Order Quantities (MOQ) requirements are also higher than normal. Some suppliers don’t accept orders valued less than USD 100,000.
Payment Terms: Some suppliers may insist on a 100% prepayment, before starting production. We still advise that you only pay a 30% deposit and 70% balance after quality inspection and lab testing.
Product Compliance: Medical devices and equipment are regulated in the United States and the European Union. Such regulations are there for a reason – to ensure that the product is not worthless (which is a risk) – and will not go away due to the current COVID-19 outbreak. You must request and verify test reports and other compliance documents (e.g. DoC) before placing an order.