I cannot help decoding the acronym after reading this thread I did learn a little bit about how these Chinese sellers operate.
Against my better judgement I still continue to purchase some items from sellers I do not trust. I have been bitten a couple of times so now only buy if I am prepared to not get the item or not use it if it arrives. One only has to look at the negative feedback of this one seller that Michael has linked to (42 negative in the last month alone!) to know that most of the eBay listing is plain lies. There must be thousands of eBay sellers that list items as 'UK stock' but say their location is 'UK', 'Liverpool', 'Essex' etc but then show an unreadable business in China. I presume there must be Chinese owned 'fulfilment' centres in various locations in the UK which actually make up the shipments.
Like most things in life, eBay is not what it was, whilst eBay purport to have strict rules and regulations they certainly do not impose them, if anything they err on the side of the dodgy sellers rather than the man in the street.
Whinge over
Ian P