Our company currently has a batch of goods exported through an agent. I would like to ask if it is possible to settle through a bank in this case? If so, what is the specific operation process? Will it be very complicated? Do we need to prepare some special documents or materials additionally? I hope that professionals can help answer these questions. 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.
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.
I want to be an agent for importing riveting machines. Due to the large number of agency companies in the market, I don't know how to choose and worry about choosing an unreliable company. The best answer suggests comprehensive consideration. For example, Zhongshitong has rich industry experience. The agency products come from well - known brands with good quality. The after - sales service is professional and timely, and it also provides comprehensive technical training. From multiple dimensions, it is a good choice.
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Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Agency exports can be settled through a bank. The general process is as follows: First, the agency company signs an agency export agreement with the principal to clarify the rights and obligations of both parties. After the goods are exported, the agency company receives the foreign exchange payment from foreign customers into its verification account. Then, the agency company needs to report export foreign exchange receipt information and other operations in the Electronic Port system.
After that, go to the bank with relevant documents to handle settlement. These documents usually include the export declaration form, agency export agreement, commercial invoice, packing list, etc. The bank will review the documents. After the review is passed, the foreign exchange can be exchanged into RMB and settled to the agency company, and the agency company will then pay the principal according to the agency agreement.
The whole process is not complicated, but it is necessary to ensure that the documents are complete, true and effective, and operate strictly in accordance with the specified process to avoid affecting the settlement progress.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Agency exports can be settled through a bank. After the agent receives foreign exchange, prepare materials such as contracts, invoices, and customs declarations according to regulations and go to the bank. If the bank's review is okay, settlement can be carried out. There may be slight differences among different banks, so it is very important to consult the opening bank in advance.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
It can be settled through a bank. Note that the account for receiving foreign exchange must be a compliant account. Prepare basic trade documents such as bill of lading copies, and submit materials as required by the bank to successfully complete the settlement.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Agency exports can be settled through a bank. The key is to have complete information. In addition to the regular customs declaration form and invoice, the agency export certificate may also be required sometimes. Just operate according to the bank's instructions.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Of course, it can be settled through a bank. Before settlement, the agency company should confirm details such as the amount of foreign exchange received and the settlement time with the principal, prepare the materials, and submit them to the bank for handling.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Agency exports can handle bank settlement. When settling, the bank may focus on verifying the authenticity of the trade, so the materials must be able to prove that the business has actually occurred.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
It can be settled through a bank. The agency company needs to communicate with the bank in a timely manner, understand the latest settlement policies and requirements, and handle it by providing materials as required.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Yes. For agency export settlement, the bank may pay attention to the legality of the source of foreign exchange. Just prepare the corresponding supporting materials.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Agency exports can be settled through a bank. Before settlement, go through the process to ensure the accuracy of the materials and improve the handling efficiency.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
It can be settled through a bank. Prepare documents as required by the bank, such as transaction contracts, etc. After passing the review, settlement can be successfully completed.