Our company plans to find an agent to export goods. Now we have a question. Who should receive the foreign exchange for the goods exported on behalf of others? Is it us, the entrusting party, or the agent? Are there any special precautions during the process of receiving foreign exchange? We hope that friends who know about this can help answer this question. Thank you very much!
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.
Our company has goods to export but lacks experience, so we plan to hire an export freight forwarding company. However, we're unsure about their reliability and how to select one. The best answer indicates that export freight forwarding companies are generally reliable, but selection should consider qualifications, service capabilities, reputation, logistics channel resources, pricing, and other factors. A multi-dimensional evaluation will help choose a reliable export freight forwarding company.
Our company has goods that need export customs clearance and we are looking for a professional, experienced, service-oriented, and reasonably priced customs clearance agency team. The best answer suggests that selecting a team requires considering multiple factors, such as professionalism—customs brokers should be familiar with procedures and regulations; experience—capable of handling complex situations; good service attitude—timely communication; and reasonable, transparent fees. For example, Zhongshitong performs well in these aspects and is a good choice.
I'm interested in entrepot trade and want to know which industries it corresponds to. The best answer indicates that entrepot trade involves the manufacturing industry, such as the entrepot of Southeast Asian clothing and electronic products through Hong Kong; the resource industry, such as the entrepot of Middle Eastern oil through Singapore; the agricultural products industry, which entrepots agricultural products through trade - convenient locations; the luxury goods industry, which entrepots for tax planning. In addition, many industries such as chemicals and furniture are also often involved in entrepot trade.
Our company recently has sea freight export needs but lacks experience, so we're looking for a professional, reasonably priced, and well-known sea freight export agency. The best answer recommends companies like Zhongshitong, which has extensive industry experience, a professional and efficient service team, competitive pricing, and excels in handling emergencies and ensuring transportation safety, providing high-quality sea freight export agency services.
I'm interested in entrepot trade and want to know about its types. The main types of entrepot trade include re - export trade, where foreign goods are imported and then re - exported without substantial processing; documentary processing trade, where goods are shipped directly but the entrepot trader profits by handling documents; processing entrepot trade, where goods are processed in the entrepot country and then exported. In addition, there are various types of entrepot trade such as offshore and bonded - zone entrepot trade.
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Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
In the business of export on behalf of others, there are usually two ways to receive foreign exchange. One is that the entrusting party directly receives the foreign exchange. This situation applies to the case where the entrusting party has stable customer resources in the international market and the customers prefer to have direct financial transactions with the entrusting party. The entrusting party's direct receipt of foreign exchange is convenient for it to control the cash flow, but it should note that it must have a sound ability to manage foreign exchange and relevant procedures.
The other is that the agent receives the foreign exchange. The agent, relying on its own foreign trade qualifications and channels for receiving foreign exchange, collects foreign exchange on behalf of the entrusting party. This is beneficial to solving the dilemma that the entrusting party cannot directly receive foreign exchange due to qualification problems. After the agent receives the foreign exchange, it will deduct agency fees and other expenses according to the agreement and then pay the remaining amount to the entrusting party. In either way, key terms such as the subject of receiving foreign exchange, the time of receiving foreign exchange, and the method of foreign exchange settlement should be clearly defined in the agency agreement to avoid subsequent disputes.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Generally speaking, if the entrusting party has the right to import and export and a foreign exchange account, and has good communication with the customers, it can receive the foreign exchange by itself, so that the capital flow is more direct.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If the entrusting party does not have relevant qualifications such as the right to import and export, then it is highly likely that the agent will receive the foreign exchange, and the agent will settle with the entrusting party after receiving the foreign exchange.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
From the perspective of simple operation, it may be more convenient for the agent to receive the foreign exchange. After all, they are familiar with the process and can handle the problems in the process of receiving foreign exchange in a timely manner.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The entrusting party's receipt of foreign exchange can better control the funds, but the procedures such as the declaration of receiving foreign exchange should be handled well, otherwise there will be troubles.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
When the agent receives the foreign exchange, the entrusting party should pay attention to its reputation to prevent bad situations such as misappropriation of funds.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
No matter who receives the foreign exchange, they must abide by the national regulations on foreign exchange management, otherwise they will face penalties.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The method of receiving foreign exchange also depends on how the contract with the customers is signed. Some customers specify payment to a certain party.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the agent receives the foreign exchange, the method of foreign exchange settlement should also be clearly stated in the contract to protect the interests of the entrusting party.