Our company plans to use export agency services but is unclear about foreign exchange collection. We want to know who is responsible for foreign exchange collection in export agency business—the principal or the agent? Are there any risks to be aware of? We hope professionals can provide answers to help us avoid unnecessary issues during the process.
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.
The company plans to expand its overseas photovoltaic business. Due to unfamiliarity with the export process, it wants to find a well - known and reliable photovoltaic export agency company in Qingdao. It hopes that the agency has rich experience in customs declaration, logistics, customs clearance, etc., and can guarantee the service quality. The best answer recommended Zhongshitong, which has rich experience in the field of photovoltaic export agency, accurate and fast customs declaration, excellent logistics solutions, strong customs clearance ability, and a good reputation, which can effectively guarantee the photovoltaic export business.
The person in charge of an SME wants to expand overseas markets. Due to the complexity of the export process, they plan to find an agent and ask how much it generally costs for SMEs to use export agency services, how the fees are calculated, and whether there are any hidden fees. The best answer states that there is no fixed standard for export agency fees. Commonly, it is charged at a rate of 1% - 5% of the order amount or a fixed fee of 2000 - 10000 yuan. Before cooperation, the fee items should be clarified and a detailed contract should be signed.
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.
I want to apply for an import and export agency but don't know where to start. I'm asking about the application steps, required materials, and enterprise qualification requirements. The best answer points out that first, register legally to obtain a business license, then go to the commercial department to handle the record-filing registration of foreign trade operators. Next, do customs record-filing, inspection and quarantine record-filing, and electronic port access. Finally, handle the registration of the foreign exchange receipt and payment list. Just prepare the materials and follow the steps as required.
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Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
In export agency business, the agent typically handles foreign exchange collection. This is because the agent signs export contracts with foreign clients in its own name and manages customs clearance, inspection, and other export procedures, making it logical for the agent to handle collection.
After collecting the foreign exchange, the agent deducts agreed fees (e.g., agency charges) and transfers the remaining amount to the principal. This approach allows the agent to better control the export process and risks based on collection status.
However, the principal should also monitor the agent's credibility and fund flow to prevent risks like fund misappropriation. The cooperation agreement should clearly define rights and obligations related to collection, such as timelines and settlement methods, to avoid disputes.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Usually, the agent handles collection as it manages the export process, making fund flow easier to operate. However, exceptions exist where the principal collects directly, such as when it has a close relationship with the foreign client or special arrangements.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If the agent collects, the principal should monitor its financial health to ensure timely payment after collection. If the principal collects directly, coordination with the agent on customs clearance is crucial to avoid disrupting export procedures.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Foreign exchange collection in export agency is typically handled by the agent, facilitating tasks like foreign exchange verification. Regardless of who collects, the contract must clearly define terms to protect both parties' rights.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Mostly, the agent collects as it oversees export operations. The principal should ensure the agent transfers funds as agreed and may establish oversight mechanisms.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The collector depends on negotiation. If the agent collects, it must settle and pay the principal promptly per regulations; if the principal collects, it must comply with export agency rules.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Normally, the agent collects, aligning with operational practices. But the principal should track collection progress to prevent delays due to agent issues.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The choice of collector balances operational convenience and risk control. Agent collection streamlines processes, while principal collection requires coordination on customs clearance.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, the agent collects due to its role in export procedures. However, the principal has the right to know collection details, and both parties must maintain transparent communication.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The collector can be negotiated, though agent collection is more common. Either way, fund supervision is essential to safeguard the principal's interests.