Our company intends to find an agent to export goods. Currently, we are more concerned about the issue of receiving payments. We would like to ask how payments are received for goods exported through an agent? Are there any risks and what special precautions should be taken? We hope to get a professional and detailed answer. Thank you!
The company plans to export goods and find an agency. It wants to know what fees are involved in cargo export agency and how to calculate them. The best answer points out that common fees include agency fees charged as a percentage of the export value of goods (0.5% - 3%), customs declaration fees charged per ticket (200 - 500 yuan per ticket), transportation fees, document fees (100 - 300 yuan per ticket), certificate of origin processing fees (100 - 200 yuan per copy), etc. Different agencies may have different charging standards, and it is recommended to consult and compare more.
Our company has goods to export and wants to understand the fee standards for export agency services, worried about being overcharged. The best answer states there is no fixed standard for fees. Common methods include a percentage of the cargo value (1%-5%) or a per-shipment fee. Fees vary for different types of goods, and factors like service scope, transportation method, and port can influence the charges. Specific fees should be negotiated with the agency, and it's recommended to compare multiple options.
Concerned about encountering unreliable import agents when importing goods from Mombasa, asking whether Mombasa import agents are genuine and how to judge. The best answer points out that Mombasa import agents can be both genuine and fake, and they can be identified by checking qualifications, inquiring about reputation, evaluating professionalism, etc. For example, Zhongshitong has rich experience and can provide one-stop services. When choosing, don’t just look at the price; consider multiple aspects.
Looking for a reliable agent to handle the export customs clearance of goods and inquiring whether SF Express can act as an agent. The best answer states that SF Express can provide some export customs clearance services. For common commodities, it can assist in handling procedures with the help of its logistics network, but for special goods, a professional customs clearance company may be required. It is recommended to consult the SF Express customer service first and also compare with professional companies, and make a decision after comprehensive consideration.
A staff member of a trading company asked whether, when the company purchases goods from Country A, transports them to Country B and then resells them to Country C, this situation of entrepot trade counts as an export figure and whether it has an impact on the company's export performance statistics. The best answer is that entrepot trade does not count as a regular export figure. Export refers to the sale of domestically produced goods abroad. The goods in entrepot trade are not produced domestically and are generally not included in the export statistics. However, some regions may have different considerations from the perspectives of trade services, etc. The company can also set its own rules for performance statistics.
Those engaged in foreign trade business would like to know the ways of apportioning the freight of export agency. The best answer states that it is commonly apportioned according to the proportion of weight, volume, and value of the goods. For heavy goods, it is apportioned by weight; for bulky goods, by volume; and for goods with significant differences in value, by the proportion of the value of the goods. When choosing, one should consider the characteristics of the goods, the contract stipulations, and also pay attention to the additional costs, which should be reasonably apportioned to the cost of the goods.
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Professional consultant answers
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The common ways of receiving payments for goods exported through an agent are as follows. First, through Telegraphic Transfer (T/T), foreign customers directly transfer the payment for the goods to the account designated by the agent company. This way is fast in arriving at the account, easy to operate, and relatively safe, but it is necessary to pay attention to verifying the information of the receiving account. Second, by using Letter of Credit (L/C), with the bank acting as a third party to guarantee payment, the agent company needs to submit documents strictly in accordance with the requirements of the Letter of Credit, demanding high operational standardization. Third, Collection, including Documents against Payment (D/P) and Documents against Acceptance (D/A). D/P is relatively safe as the customer can only get the documents to pick up the goods after payment; D/A has higher risks as the customer can pick up the goods after acceptance, and there may be a risk of non-recovery of the payment for the goods. When receiving payments, it is necessary to clarify the responsibility for receiving payments with the agent company to ensure that the funds are credited to the account in a timely and accurate manner, and understand the risk prevention and control measures under different ways of receiving payments.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
International Alipay collection can also be considered, which is suitable for some small transactions, easy to operate, and has a certain guarantee mechanism. However, it is necessary to pay attention to the handling fees and withdrawal rules.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Western Union remittance is also occasionally used in agent export. It is fast and the money can be directly withdrawn at the designated outlets, but it is not very suitable for large transactions, and the handling fees are relatively high.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
It is necessary to clarify with the agent the ownership of the receiving account to avoid situations such as the agent misappropriating the funds after they arrive at the account and ensure the safety of the funds.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
If the payment is to be received by means of Open Account (O/A), it is necessary to evaluate the credit of foreign customers; otherwise, there is a high probability of facing the risk of not being able to recover the payment for the goods.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The choice of the way of receiving payments also needs to be considered comprehensively in combination with the characteristics of the goods, the transaction amount, and the credit of the customers, and cannot be generalized.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
It is also necessary to pay attention to the fluctuation of the exchange rate and do a good job in exchange rate risk management in advance; otherwise, losses may be caused by the change of the exchange rate.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Regardless of which way of receiving payments is chosen, the time node of receiving payments should be clearly defined in the contract to avoid delaying the receipt of payments.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
It is necessary to pay attention to the provisions on the liability for breach of contract regarding the receipt of payments in the agent export contract so as to safeguard one's own rights and interests when problems arise.