Our company plans to find an agent for export, but we are not very clear about the foreign exchange receipt part. I would like to ask who exactly receives the foreign exchange earnings in the agency export business? Is it the principal or the agent? Are there any risks that need to be paid attention to? I hope friends who know the business can help answer in detail. Thank you very much!
The company intends to expand overseas markets and wants to find a Qingdao foreign trade export agency. However, it is worried about its unreliability and asks about the operation process, service quality, charging standards, etc. The best answer points out that there are reliable and unreliable Qingdao foreign trade export agencies. You can examine them from aspects such as standardized operation processes, comprehensive services, and transparent and reasonable charges. By examining qualifications, word-of-mouth, cases, etc., you can find a reliable agency.
Interested in international trade and wanting to understand the agency export business, asking about its specific contents, the differences from the general export business and the precautions in actual operations. The best answer states that agency export means that those without qualifications or experience entrust qualified companies to handle exports. The agency is responsible for customs declaration, foreign exchange settlement and other procedures. The difference from general exports lies in leveraging the resources of the agency company. In the operation, it is necessary to select a good agency and clarify rights and responsibilities.
The company plans to expand its overseas photovoltaic business. Due to unfamiliarity with the export process, it wants to find a well - known and reliable photovoltaic export agency company in Qingdao. It hopes that the agency has rich experience in customs declaration, logistics, customs clearance, etc., and can guarantee the service quality. The best answer recommended Zhongshitong, which has rich experience in the field of photovoltaic export agency, accurate and fast customs declaration, excellent logistics solutions, strong customs clearance ability, and a good reputation, which can effectively guarantee the photovoltaic export business.
The person in charge of an SME wants to expand overseas markets. Due to the complexity of the export process, they plan to find an agent and ask how much it generally costs for SMEs to use export agency services, how the fees are calculated, and whether there are any hidden fees. The best answer states that there is no fixed standard for export agency fees. Commonly, it is charged at a rate of 1% - 5% of the order amount or a fixed fee of 2000 - 10000 yuan. Before cooperation, the fee items should be clarified and a detailed contract should be signed.
I'm new to export agency business and want to know if overt and covert commissions still exist in this field, including their operational details and business impacts. The best answer confirms both types remain: overt commissions are explicitly stated in documents and directly deducted by foreign clients, while covert commissions are privately paid after receiving full payment. Overt commissions offer transparency for cost calculation, while covert ones require compliance attention.
I want to apply for an import and export agency but don't know where to start. I'm asking about the application steps, required materials, and enterprise qualification requirements. The best answer points out that first, register legally to obtain a business license, then go to the commercial department to handle the record-filing registration of foreign trade operators. Next, do customs record-filing, inspection and quarantine record-filing, and electronic port access. Finally, handle the registration of the foreign exchange receipt and payment list. Just prepare the materials and follow the steps as required.
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Professional consultant answers
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In the agency export business, there are usually two situations for foreign exchange receipt. One is that the agent receives the foreign exchange, which is more common. The agent receives the foreign exchange payments from foreign customers with its own qualifications and account. After that, the agent deducts relevant agency fees and other expenses, and then settles the remaining amount with the principal as agreed. The advantage of this is that the agent can control the foreign exchange receipt risk and use its professional ability to handle foreign exchange-related affairs. The other situation is that the principal directly receives the foreign exchange upon the consent of the agent. However, this situation is relatively rare because the agent may be worried that it cannot control the foreign exchange receipt process, resulting in subsequent settlement problems. In either way, key clauses such as the responsibility for foreign exchange receipt and the settlement method should be clearly agreed upon in the agency agreement to avoid potential risks such as delayed foreign exchange receipt and exchange rate fluctuations.
For example, if the agent fails to settle with the principal in a timely manner due to its own financial problems after receiving the foreign exchange, it will affect the principal's capital turnover. Therefore, the reputation and qualifications of the agent should be fully investigated before cooperation.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, in most agency exports, it is the agent who receives the foreign exchange because the agent is familiar with the foreign trade process and can handle foreign exchange matters better. They are more proficient in operations such as declarations. After receiving the foreign exchange, they then settle with the principal.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
In some cases, the principal can also receive the foreign exchange, but it needs to communicate well with the agent. However, the agent is generally not very willing because they are afraid that problems with foreign exchange receipt will affect themselves. If the principal directly receives the foreign exchange, the agent's control in the middle will be weakened.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
It mainly depends on how the agency agreement between the two parties is signed. The agreement clearly defines the subject of foreign exchange receipt and how to solve problems when they occur in foreign exchange receipt. By implementing according to the agreement, the rights and interests of both parties can be protected regardless of who receives the foreign exchange.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If the agent receives the foreign exchange, the principal should pay attention to the agent's reputation to prevent the agent from absconding with the money. Although this situation is rare, there still needs to be a sense of prevention.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the principal directly receives the foreign exchange, it may encounter troubles in links such as foreign exchange declaration. After all, the agent is more professional in this regard. Therefore, choosing the agent to receive the foreign exchange can reduce some process obstacles.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
From the perspective of safety, it is relatively reliable for the agent to receive the foreign exchange. They have experience in handling possible foreign exchange risks. For example, for exchange rate fluctuations, they can reduce the impact through some means.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
In actual operation, it is very important for the agent to settle with the principal in a timely manner after receiving the foreign exchange. This is related to the principal's capital flow, and both parties should clearly agree on the time nodes.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
No matter who receives the foreign exchange, records should be kept and relevant vouchers should be retained. Once a dispute occurs, these records and vouchers are important evidence.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If the amount of foreign exchange receipt is large, it is recommended that the principal and the agent discuss and choose appropriate financial instruments to prevent risks, such as forward foreign exchange contracts.