Our company recently imported a batch of goods through an agency, but I'm really not clear about the payment part. For example, to whom should I pay, what are the options for payment methods, and are there any special precautions? It seems so complicated, and I'm afraid of making mistakes and causing problems. I hope friends who know the ropes can help answer these questions. Thank you!
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.
While studying international trade knowledge, I couldn't clearly distinguish between entrepot trade and transit trade. I want to understand their differences in operational processes, trade risks, applicable scenarios, etc. The best answer explains that entrepot trade involves goods being resold through a third country with transfer of ownership, complex operations, risks concentrated on the entrepot trader, and is suitable for bypassing trade barriers. Transit trade refers to foreign goods passing through domestic territory without ownership change, simple operations, risks in transportation, and is suitable for geographically advantageous locations.
The company has goods that need to be exported by air in the near future. I want to know if the Changzhou Daya agent has an export air freight business, as well as related services, operation processes, and cost calculation methods. The best answer states that if the Changzhou Daya agent is formal and mature, it is highly likely to provide export air freight services, and may assist with booking space, handling goods, customs declaration and inspection, etc. The cost is calculated based on multiple factors, and it is recommended to directly contact the agent to obtain accurate information.
In Jinan, planning to hire an import and export agency for company business and want to understand the fee structure. Asking whether fees are charged per transaction or as a percentage of cargo value, and whether different business types have different standards. The best answer states there's no fixed fee standard—charges may be per document, percentage-based, etc., varying by business type, with possible additional service fees. It's recommended to consult multiple agencies for comparison.
I want to engage in foreign trade export business. Due to the cumbersome process, I plan to find a Dalian foreign trade export agent, but I'm worried about safety issues, such as the agent running away with the money or problems occurring during goods transportation. The best answer says that choosing a regular and professional agent is usually safe. For example, Zhongshitong has a perfect process and prevention and control system. Before cooperation, a detailed contract should be signed. Choosing an agent with a good reputation and a long operating history can reduce risks.
Having doubts about entrepot trade and asking if this trading method is ethical and whether there will be improper operations. The best answer points out that entrepot trade itself is not unethical. It provides development opportunities for some regions. However, if enterprises use it to evade taxes, circumvent barriers and other illegal operations, it is unethical and illegal. As long as it follows laws and business ethics norms, entrepot trade is normal and beneficial.
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Professional consultant answers
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Payment for goods imported through an agency indeed requires careful operation. First of all, generally, payment is made to the agent, and the agent will complete subsequent external payment and other matters according to the agreement with the foreign supplier. Common payment methods include bank telegraphic transfer, letter of credit, etc.
If you choose bank telegraphic transfer, make sure to provide accurate account information of the agent for receiving payment, and remit the funds in a timely manner according to the amount and time specified in the contract. For payment by letter of credit, communicate with the agent and the bank in advance about the requirements for issuing the letter of credit, etc. Pay attention that the terms of the letter of credit should be rigorous and clear to avoid problems such as discrepancies later.
It is particularly important to carefully check the contract terms before making the payment, including provisions such as the amount of goods, payment time nodes, and whether there is a prepayment ratio. Strictly execute the payment process in accordance with the contract, which can effectively avoid disputes.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Just pay the agent. Usually, you can use bank transfer, which is convenient and fast. Remember to keep the transfer receipt.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
There are various payment methods. Besides telegraphic transfer mentioned before, you can also use checks. However, the use of checks may be relatively less, and it also depends on which method the agent accepts.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Pay attention to the payment period specified in the contract. Otherwise, you may face the risk of default, which will bring trouble to both parties.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
If you have any questions about the payment, communicate with the agent in a timely manner. Don't just think on your own. Ask clearly about the requirements, etc.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Some agency businesses may involve installment payments. In this case, you have to operate strictly according to the requirements of each installment. Don't get them mixed up.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Pay attention to the exchange rate fluctuations when making the payment. If it is settled in foreign currency, exchange rate changes may affect the actual payment amount.