To confirm the inventory in entrepot trade, first of all, it is necessary to rely on the contract terms. If the contract stipulates that the ownership of the goods is transferred to your side at a specific node, then the inventory can be confirmed from that node. For example, if the contract stipulates that the ownership of the goods belongs to your company after the goods leave the shore, then your company should confirm the inventory when the goods leave the shore.
Secondly, check the relevant transport documents and files. If transport documents such as bills of lading show that your company is the owner of the goods, this is also an important basis for confirming the inventory. At the same time, pay close attention to the control of the goods. Even if you do not actually handle the goods, but you can control the goods through instructions for transportation, allocation, etc., it also meets the conditions for inventory confirmation. In addition, the communication records with suppliers and customers are also crucial, which can assist in proving the rights and responsibilities of your company for the goods and provide support for inventory confirmation.
Professional consultant answers
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
To confirm the inventory in entrepot trade, first of all, it is necessary to rely on the contract terms. If the contract stipulates that the ownership of the goods is transferred to your side at a specific node, then the inventory can be confirmed from that node. For example, if the contract stipulates that the ownership of the goods belongs to your company after the goods leave the shore, then your company should confirm the inventory when the goods leave the shore.
Secondly, check the relevant transport documents and files. If transport documents such as bills of lading show that your company is the owner of the goods, this is also an important basis for confirming the inventory. At the same time, pay close attention to the control of the goods. Even if you do not actually handle the goods, but you can control the goods through instructions for transportation, allocation, etc., it also meets the conditions for inventory confirmation. In addition, the communication records with suppliers and customers are also crucial, which can assist in proving the rights and responsibilities of your company for the goods and provide support for inventory confirmation.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
You can look at the cash flow. If the payment for the goods has been made and the corresponding invoice has been obtained, combined with the contract, it can also indirectly confirm that the inventory belongs to your side, and then confirm the inventory.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Pay attention to the situation of the risk bearing of the goods. If in the process of entrepot trade, the risk of loss of the goods is borne by your company, this also indicates that the goods are actually the inventory of your company.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
If the relevant insurance documents take your company as the insured, it means that your company has an interest relationship with the goods, which is helpful for confirming the inventory.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
It can be confirmed through the supervision of the third-party logistics. If the third-party logistics supervises the goods according to the instructions of your company, it can also be regarded as a factor for confirming the inventory.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The correspondence in the trading process, if it involves the ownership of the goods and related disposal, etc., can be used to confirm the inventory.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Analyze the market situation. If there is a clear supply and demand relationship in the market that points to your company for the goods, it is helpful for inventory confirmation.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
See if there are relevant warehouse receipts. If there are warehouse receipts issued in the name of your company for the goods in the warehouse, the inventory can also be confirmed.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Pay attention to whether there are exclusive clauses in the trade process. If it is clearly stipulated that the goods are only traded and circulated for your company, the inventory can be confirmed.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
You can also refer to industry practices. If there is a common practice in the industry for confirming the inventory of similar entrepot trades, it can be used for reference.