Import and export settlement Q&A channel - foreign exchange verification / letter of credit / cross-border payment troubleshooting(3)

What is the process for collecting bills of exchange in agency export? Can someone explain in detail?

Our company handles agency export business, and the counterparty wants to pay via bills of exchange. We're unsure how to proceed. The best answer suggests clarifying payment terms in the agreement, verifying bill elements upon receipt, submitting to the bank for collection, presenting sight bills for immediate payment, and accepting usance bills first before presenting them at maturity. Maintain close communication with the bank and promptly resolve any issues with the consignor or payer.

Oct 12, 2026 at 11:39
89
9 Answers

Who should collect the foreign exchange for the tax refund of goods exported on an agency basis? Come and find out!

The company entrusts an agent to export goods and has doubts about the subject of tax refund and foreign exchange collection. It asks whether the consignor or the agent should collect the foreign exchange and about the relevant regulations and precautions. The best answer is that it is more common for the agent to collect the foreign exchange because it signs the export contract in its own name and assumes the responsibility for foreign exchange collection. However, with the consent of the tax authorities, the consignor can also collect the foreign exchange, but it needs to meet specific conditions and should communicate and confirm with the tax authorities in a timely manner.

Oct 11, 2026 at 23:32
91
10 Answers

How should we handle the situation where the export through an agent does not involve foreign exchange settlement? Please teach me quickly!

It is said that the company exports through an agent and, for special reasons, does not want to conduct foreign exchange settlement. It is inquiring about how to handle the situation where the export through an agent does not involve foreign exchange settlement, what materials need to be prepared, and whether there are any risks or impacts. The best answer points out that the reason for not conducting foreign exchange settlement should be clarified first. If it is due to special circumstances in line with policy regulations, such as for overseas investment or repayment of foreign debts, corresponding supporting documents need to be provided. Then, communicate with the agent and the bank, submit basic materials, and report to the foreign exchange administration department. Meanwhile, it should be noted that not conducting foreign exchange settlement may affect the record of verification and cancellation of export proceeds collection and the tax refund business.

Oct 11, 2026 at 22:54
117
9 Answers

Who is the party receiving foreign exchange for goods agent export? Come and discuss together!

I want to know who the party receiving foreign exchange is for goods agent export. My company plans to find a goods agent to export goods, but I'm not clear about the foreign exchange receipt situation and worried about the risk of foreign exchange receipt. The best answer points out that there are usually two situations for the party receiving foreign exchange: the company entrusting the export directly receives the foreign exchange and the goods agent company receives the foreign exchange on behalf. It should be based on the cooperation mode and contract agreement, and a detailed contract should also be signed to prevent and control risks.

Oct 10, 2026 at 22:25
100
9 Answers

Who should make the foreign exchange payment in an agency import business?

The company intends to engage an agency company for import business and is unclear about the attribution of foreign exchange payment liability. It asks whether the consignor or the agent should bear the foreign exchange payment liability in an agency import business. The best answer states that generally, the agent makes the foreign exchange payment because the agent signs the contract with the foreign merchant, which facilitates the management of the process. However, the consignor can also make the foreign exchange payment, provided that conditions such as those stipulated in the agency agreement and approval from the foreign exchange management department are met. The key is to clarify this in the contract to ensure compliance.

Oct 10, 2026 at 21:54
116
9 Answers

How to choose the payment method for entrepot trade? Any good suggestions?

The company has just started engaging in entrepot trade and is unsure about how to select payment methods, hoping to ensure both fund security and transaction efficiency. The best answer suggests considering multiple factors comprehensively, such as the creditworthiness of trading partners. For long-term cooperation with trustworthy partners, telegraphic transfer (T/T) is a viable option; if the buyer's credit is unknown, a letter of credit (L/C) is preferable. Among collection methods, documents against payment (D/P) is relatively safe, while documents against acceptance (D/A) carries higher risks and requires caution.

Oct 10, 2026 at 19:36
102
9 Answers

Who should receive the payment in an entrusted export agency arrangement? Let's find out!

Our company plans to entrust an agent for export products, but we're unclear about who should receive the payment in such arrangements—the entrusting party or the agent—and what processes and considerations are involved. The best answer explains there are typically two scenarios for payment recipients: agent collection or direct entrusting party collection, analyzes their characteristics and considerations, and emphasizes the need to negotiate based on actual circumstances while clearly defining rights and obligations in contracts to avoid disputes.

Oct 8, 2026 at 10:24
104
9 Answers

In the agency import business, can the principal actually make foreign exchange payments?

The company entrusts an agency company to import goods and asks whether the principal can make foreign exchange payments in the case of agency import. If so, what conditions need to be met and what procedures need to be handled? If not, what is the reason? The best answer states that the principal can usually make foreign exchange payments, needs to comply with foreign exchange management regulations, sign a clear agreement, the agent issues a certificate, and the principal applies to the bank with relevant materials. At the same time, attention should be paid to differences in regional policies.

Oct 7, 2026 at 16:37
88
9 Answers

Must payment in foreign exchange necessarily occur in entrepot trade?

Studying knowledge about entrepot trade and inquiring whether payment in foreign exchange will necessarily occur in entrepot trade and at which stages. The best answer states that payment in foreign exchange may occur in entrepot trade, but it is not inevitable. Paying the purchase price to the supplier for goods purchased and paying for services such as transportation and warehousing may result in payment in foreign exchange. If there are special agreements to adopt other settlement methods, payment in foreign exchange may not occur. Whether payment in foreign exchange occurs depends on the trading arrangements and settlement methods.

Oct 7, 2026 at 06:48
92
10 Answers

Can the consignor of import agency purchase foreign exchange? Come and find out!

When looking for an import agency company to import goods, I want to know whether the consignor can purchase foreign exchange, and if so, what conditions need to be met and what procedures need to be handled. The best answer states that if the consignor has the right to engage in import and export operations and has registered with the foreign exchange administration, ensuring that the trade background is real and legal, and has prepared relevant materials, it can purchase foreign exchange after passing the bank's review; if there is no such right, generally the agency company will purchase foreign exchange, and both parties should clarify relevant matters in the agreement.

Oct 5, 2026 at 06:44
77
9 Answers

International settlement Q&A

Questions & Answers

What is the process for collecting bills of exchange in agency export? Can someone explain in detail?

Who should collect the foreign exchange for the tax refund of goods exported on an agency basis? Come and find out!

How should we handle the situation where the export through an agent does not involve foreign exchange settlement? Please teach me quickly!

Who is the party receiving foreign exchange for goods agent export? Come and discuss together!

Who should make the foreign exchange payment in an agency import business?

How to choose the payment method for entrepot trade? Any good suggestions?

Who should receive the payment in an entrusted export agency arrangement? Let's find out!

In the agency import business, can the principal actually make foreign exchange payments?

Must payment in foreign exchange necessarily occur in entrepot trade?

Can the consignor of import agency purchase foreign exchange? Come and find out!

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