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Do you know what indirect agency import of goods actually is?

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I've been learning about foreign trade - related knowledge recently, and I often hear the term "indirect agency import of goods". It seems quite complicated. What exactly does it mean? What is the specific operation process? Is there any expert who can explain it to me in an easy - to - understand way? Thanks a million!

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Professional consultant answers

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

Document expertConsult

Indirect agency import of goods, simply put, means that the agent, in his own name but for the benefit of the principal, handles matters related to the import of goods.

For example, Zhongshitong, as an agent, accepts the entrustment of a domestic enterprise (the principal). Then Zhongshitong will sign an import contract with a foreign supplier, and this is in the name of Zhongshitong itself. During the process of importing goods, procedures such as customs declaration and inspection are also handled by Zhongshitong.

After the goods are successfully imported, Zhongshitong then delivers the goods to the principal. Throughout the process, the principal generally does not deal directly with foreign suppliers but completes the import business through the agent. In this way, the principal can take advantage of the agent's professional advantages and resources in related businesses to complete the import process more efficiently.

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

Settlement and payment expertConsult

Indirect agency import of goods means there is an intermediary to help with the import. This intermediary is the agent, who imports goods for others in his own name.

Amanda Yang
Amanda YangYears of service:3Customer Rating:5.0

Cost control consultantConsult

It means the agent imports goods for the principal. The agent negotiates with foreign parties and handles procedures, and the principal just waits to receive the goods.

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

Supply chain optimization expertConsult

Indirect agency import means relying on the agent to complete a series of actions for importing goods. The principal doesn't need to deal with those cumbersome import affairs by himself.

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

Compliance and risk managerConsult

Simply put, indirect agency import of goods is a way to complete the import process of goods for the principal by the agent in his own name.

The relevant questions or replies only represent the user’s personal stance and do not represent any views of this website.

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