The company I work for intends to find an agent to export products. I would like to know how to settle accounts for agency export? What are the key points that need to be noted during the settlement process? I hope you can introduce the common settlement methods and specific operation procedures in detail. Thank you!
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.
I'd like to know if domestic freight forwarders can handle export business. I previously thought they were only responsible for domestic transportation. Now I want to know what services they can provide if they can handle exports and what precautions should be taken when choosing them. The best answer indicates that domestic freight forwarders can handle exports and can provide services such as booking shipping space, customs declaration and inspection, warehousing and packaging, etc. When choosing, attention should be paid to aspects such as qualifications, reputation, and price.
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.
In Zhuhai, due to the company's export business, I want to find an agent and inquire about how much the agency export in Zhuhai charges and what the charging standards are. The best answer says that there is no fixed standard for the charges. Commonly, it is charged at a proportion of 0.8% - 3% of the order amount or 800 - 3000 yuan per ticket. There are also customs declaration fees of 200 - 500 yuan per ticket, document fees of 100 - 300 yuan per ticket, etc. It is recommended to communicate with the agent in detail to confirm.
Interested in import and export trade agency, want to understand the process from when a client seeks an agency company, the agency's work, communication methods, procedures involved, and key points to note. The best answer indicates that the agency should first sign an agreement, assist with product classification, obtain necessary qualifications, handle booking, customs clearance, etc., and pay attention to accurate cargo information, client communication, and policy changes.
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Professional consultant answers
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The common settlement methods for agency export mainly include three types. First, telegraphic transfer (T/T). The customer directly remits the payment for goods to the agent through the bank. After deducting the agency fee, the agent pays the remaining amount to the principal. During the operation, the principal should provide accurate collection information to the agent in a timely manner, and the agent should check and transfer the payment as soon as possible after receiving the payment.
Second, letter of credit (L/C). The bank of the customer issues it to the bank of the agent. After the agent verifies it without error, the goods are shipped, and then the payment is collected from the bank with the relevant documents. The principal needs to ensure the quality and delivery time of the goods and ensure that the documents meet the requirements of the letter of credit.
Third, collection, including documents against payment (D/P) and documents against acceptance (D/A). The documents are transmitted through the bank, and the customer can obtain the documents to take delivery of the goods only after making the payment or acceptance. During the settlement, the agent should operate strictly in accordance with the collection instructions, and the principal needs to pay attention to the credit of the customer. No matter which method is used, the settlement details should be clearly defined in the agency agreement to protect the rights and interests of both parties.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Before the settlement, the calculation and payment method of the agency fee should be clearly defined first. Generally, it is charged according to a certain proportion of the export amount. After receiving the foreign exchange, the agent should handle the foreign exchange settlement in a timely manner to avoid the risk of exchange rate fluctuations.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
If the settlement is made by telegraphic transfer, attention should be paid to checking the arrival of the payment, and the settlement should be made in a timely manner after confirming the arrival. If the letter of credit is adopted, the examination of the letter of credit is very important. If there are discrepancies, they should be communicated with the customer in a timely manner for modification.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Under the collection method, the credit of the customer should be evaluated. The risk of the D/A method is relatively large. If it is not a long-term cooperative and creditworthy customer, the D/A method should be used with caution.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
During the settlement process, the principal should provide information such as customs declaration forms and packing lists in a timely manner to facilitate the agent to handle subsequent settlement matters and ensure the smooth progress of the process.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The agent should keep good records during the settlement and provide the principal with a detailed list of expenses to ensure the transparency of the settlement.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
When choosing the settlement method, it should be considered comprehensively in combination with the characteristics of the goods, the credit of the customer and the market situation to ensure the safety of funds and the efficiency of settlement.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The settlement involves foreign exchange management, and relevant national foreign exchange policy regulations should be complied with to ensure compliant operation.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
If there are problems in the settlement process, the principal and the agent should communicate in a timely manner and negotiate solutions to avoid affecting the cooperative relationship.