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International settlement Q&A

Questions & Answers

Who is the party receiving foreign exchange in entrepot trade? Come and find out!

It is said that when getting in touch with entrepot trade business, there is confusion about determining the party receiving foreign exchange. The question is asked that in the case of goods being transshipped through a third country, whether the party receiving foreign exchange is the entrepot trader, the manufacturer, or other entities. The best answer points out that the party receiving foreign exchange is usually the entrepot trader, such as when the trader buys and operates on a basis. However, if it is of an agency nature, the party receiving foreign exchange may be the manufacturer. The key lies in the cooperation mode and the agreement.

  • Sep 5, 2026 at 06:47
  • 103
  • 9 Answers

Can an agent export receive foreign exchange? This article answers your questions

Want to know if an agent export can receive foreign exchange, as well as the specific operating procedures and risks. The best answer states that an agent export can receive foreign exchange. Common methods include the principal receiving directly or the agent receiving and then settling with the principal. Taking the agent's foreign exchange receipt as an example, the process is illustrated, and risks such as changes in foreign exchange policies and the agent's reputation are mentioned.

  • Sep 4, 2026 at 05:53
  • 105
  • 10 Answers

Who actually receives the foreign exchange for the goods in the agency export business?

Our company plans to find an agency export company to help export a batch of goods, but we don't quite understand the part about receiving foreign exchange. We want to know in the agency export business, who actually receives the foreign exchange for the goods? Is it our consignor or the agency export company? Are there any risks in the process of receiving foreign exchange? If there are problems with receiving foreign exchange, how are the responsibilities defined? We hope that friends who are knowledgeable in this area can help answer these questions. Thank you.

  • Sep 1, 2026 at 07:40
  • 98
  • 9 Answers

What are the common payment methods for agency import? Which one is more suitable for me?

The company intends to import goods through an agency and wants to understand the payment methods for agency import, as well as their characteristics and applicable scenarios. Common payment methods for agency import include telegraphic transfer (T/T), which is divided into pre-T/T and post-T/T. It is easy to operate with low costs, but the risk distribution is different; letter of credit (L/C) guarantees both parties with bank credit, but the procedures are cumbersome and the costs are high; collection includes documents against payment (D/P) and documents against acceptance (D/A), with different degrees of risk.

  • Aug 31, 2026 at 06:16
  • 86
  • 10 Answers

Is foreign exchange collection mandatory when switching to export agency? Find out now!

The company plans to switch from self-export to agency export and inquires whether foreign exchange collection is mandatory for this transition, as well as the differences in foreign exchange requirements compared to self-export and the implications of not collecting foreign exchange. The best answer indicates that foreign exchange collection is typically required for agency export transitions, as it relates to fund recovery and regulatory compliance. Not collecting foreign exchange may affect tax refunds and trigger customs audits, so companies should operate in accordance with regulations.

  • Aug 30, 2026 at 20:15
  • 88
  • 10 Answers

Can foreign exchange payment still be made for entrepot trade in Shanghai? Come and find out!

When conducting entrepot trade in Shanghai, due to hearing about changes in the foreign exchange payment policy, inquiries are made about whether foreign exchange payment can be made for entrepot trade in Shanghai, as well as relevant procedures and enterprise qualification requirements. The best answer indicates that currently, foreign exchange payment can be made. Enterprises need to ensure the authenticity of their business, prepare documents such as contracts, and operate through qualified banks. Generally, enterprises with normal operations and other conditions can do so. At the same time, they should pay attention to policy adjustments.

  • Aug 26, 2026 at 19:07
  • 86
  • 10 Answers

Who should pay the bill of exchange in import and export agency business?

The company plans to engage in import and export agency business but is unclear about who should pay the bill of exchange. It seeks to understand relevant industry rules and the impact of trade terms. The best answer states that generally, the party actually responsible for payment should pay the bill of exchange, as per contract agreement; different trade terms have varying impacts, such as under CIF and FOB terms where the payer may differ, subject to the contractual agreement between both parties.

  • Aug 25, 2026 at 00:49
  • 129
  • 10 Answers

What are the good ways to ensure the payment safety in import agency? Please give me some suggestions!

Someone asked that when the company is looking for an agent for its import business, they are worried about the risks in the payment process and don't know how to make the payment safely. The best answer suggests signing a standardized contract to clarify the key payment information, choosing a reliable payment method such as international letter of credit settlement or being cautious with telegraphic transfer, and also tracking the progress of the goods and the agent's operations. In short, by ensuring all aspects are in place, the payment will be safer.

  • Aug 22, 2026 at 18:07
  • 120
  • 5 Answers

Who is responsible for receiving and paying funds in the agency export business?

The company intends to engage in agency export business and has doubts about the rule of "whoever receives funds in agency export is responsible for paying". It wants to know whether this principle is strictly followed in actual operations, as well as the specific implementation methods and special circumstances. The best answer indicates that this principle is usually applicable. After the agent receives the funds, it deducts the agency fee and pays the remaining amount to the principal. However, there are also special cases where the principal directly receives the funds, which needs to be agreed in advance. Following this principle helps to clarify the rights and responsibilities.

  • Aug 19, 2026 at 07:52
  • 134
  • 9 Answers

Who actually receives the remittance during the process of agent export tax rebate?

The company plans to find an agent for export tax rebate and is confused about whether it is the agent or the principal who directly receives the remittance from foreign customers in the agent export tax rebate process. The best answer indicates that there are usually two situations. It is more common for the agent to receive the remittance. After receiving it, the agent will deduct the fees and then transfer the remaining amount to the principal, which is convenient for controlling the process. If the principal directly receives the remittance, it needs to closely cooperate with the agent to provide information. The specific method is determined according to the actual situation and negotiation. The key is to ensure clear fund transactions to facilitate tax rebate.

  • Aug 18, 2026 at 14:04
  • 96
  • 9 Answers

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