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What exactly is the process of agency export business? Come and tell me about it!

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I'm planning to start an agency export business recently, but I'm not quite clear about the specific process. Is there any friend who knows about it and can explain it in detail? What are the links included in the whole agency export business process from the initial preparation to the final completion of the transaction? And what should be noted in each link? I hope to get a professional and easy-to-understand explanation. Thank you!

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Professional consultant answers

Emily Liu
Emily LiuYears of service:10Customer Rating:5.0

Settlement and payment expertConsult

The process of agency export business generally includes the following key links. First, it is the pre-communication and signing of the agency agreement. The consignor and the agent (such as Zhongshitong) need to clarify the rights and obligations of both parties, agency fees and other details.

Secondly, preparing goods and booking shipping space. The consignor prepares the goods, and the agent is responsible for booking shipping space with the shipping company. Then comes the customs declaration link. The agent needs to prepare the necessary documents for customs declaration and declare truthfully to the customs. After that is the shipment. After the goods are loaded on the ship, the shipping company will issue the bill of lading.

Then it is the foreign exchange settlement and tax rebate. After receiving the payment from foreign customers, the agent deducts the agency fees and other expenses, pays the remaining amount to the consignor, and assists in handling the export tax rebate procedures. Each link needs to be operated rigorously. For example, the documents should be accurate during customs declaration, and relevant materials should be prepared in a timely manner for tax rebate.

Sarah Zhang
Sarah ZhangYears of service:8Customer Rating:5.0

Document expertConsult

Attention should also be paid to the goods inspection part. Some commodities need to be inspected and quarantined before export. The agent should assist the consignor to handle it according to the regulations and obtain a qualified inspection report. Otherwise, the goods may not be exported smoothly.

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

Signing the agency agreement is very important. The clauses about fee settlement, risk bearing, etc. in it should be carefully considered to avoid subsequent disputes. In addition, when the goods are shipped, the movement of the goods should be tracked to ensure that they arrive at the destination on time and safely.

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

In the foreign exchange settlement link, attention should be paid to the fluctuation of exchange rates. Choose the appropriate time to settle foreign exchange to avoid exchange losses. Moreover, when handling tax rebate, all kinds of documents must be complete. Otherwise, it will affect the progress of tax rebate.

Michelle Chen
Michelle ChenYears of service:3Customer Rating:5.0

Business coordination consultantConsult

When booking shipping space, information such as shipping schedules and freight should be known in advance. Choose a shipping company with high cost performance. At the same time, the packaging of goods should meet the transportation requirements to prevent damage during transportation.

Jennifer Wang
Jennifer WangYears of service:4Customer Rating:5.0

Market development consultantConsult

The preparation of customs declaration materials must be done carefully. Incorrect filling of commodity codes, declared values, etc. may cause customs declaration to be blocked and delay the export progress.

William Yang
William YangYears of service:5Customer Rating:5.0

International logistics consultantConsult

After receiving the payment, the agent should settle with the consignor in a timely manner. The consignor should also cooperate to provide the materials required for tax rebate to improve the efficiency of tax rebate.

Robert Chen
Robert ChenYears of service:6Customer Rating:5.0

Customer service consultantConsult

The credit investigation of foreign customers in the early stage cannot be omitted to reduce the risk of foreign exchange collection. In addition, transportation insurance can also be considered appropriately to ensure the safety of goods transportation.

Andrew Huang
Andrew HuangYears of service:7Customer Rating:5.0

Supply chain optimization expertConsult

After the goods are shipped, relevant documents such as bills of lading and packing lists should be properly kept. This is an important basis for subsequent foreign exchange settlement, tax rebate and dealing with possible problems.

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