Our company plans to use export agency services, but we're confused about who receives the foreign exchange payment during the process—the principal or the agency? Are there any risks we should be aware of? We'd appreciate detailed explanations from knowledgeable friends. Thank you!
Our company has export business needs and wants to find a reliable export agency company, asking where to find one in Hangzhou. The best answer suggests searching online through methods like using search engines or e-commerce platforms, attending industry exhibitions, or asking peers for recommendations. Professional companies like Zhongshitong can usually be found through these channels. Comparing multiple options can help select a suitable agency.
Our company exports goods through an agency company. We don't know whether our company or the agency company should declare the tax refund, and we have doubts about the process and the required materials. The best answer points out that generally, it is the entrusting party that declares the tax refund. Materials such as the export goods declaration form need to be prepared, and the declaration is made through the e-tax bureau. Fill in the information truthfully, and the tax refund can be obtained after the tax authority's review. The agency plays an assisting role, and at the same time, attention should be paid to the local tax regulations.
Our company intends to find an agent to conduct import and export business. We are not clear whether the customs declaration and reporting should be the responsibility of the entrusting party or the agent. We are asking about relevant special regulations and precautions. The best answer states that generally, when it is in the name of the entrusting party and within the scope of entrustment, the entrusting party is responsible; when it is in the name of the agent itself, the agent is responsible. The two parties can also stipulate in the contract, and both should ensure that the declaration is true and accurate, prepare the documents in advance, and understand the process and the definition of responsibilities before conducting the business.
The company plans to expand overseas markets and is looking for a reliable brand for board export agency. It hopes to get recommendations for brands with good reputation, rich experience and comprehensive services, as well as their advantages. The best answer recommends "Zhongshitong". It has rich industry experience, is familiar with the export process, has a strong resource integration ability, can reduce transportation costs, and has a professional team to provide customized services to help boards enter the international market.
Our company is based in Nanjing and has import/export business needs. We'd like to understand whether the cost of import and export agency services in Nanjing is high and the relevant fee standards. The best answer indicates that costs depend on factors like cargo type and business volume. Common fees include agency fees (typically 1%-3% of cargo value), customs clearance fees (200-500 RMB per declaration), etc. Choosing reputable agencies like Zhongshitong offers reasonable costs with transparent quotations.
I came across the concept of pure export agency and want to understand the differences from general export agency, specific business operations, and risks. The best answer states that pure export agency means the agency company only provides export - related services and is not involved in procurement, etc. For example, Zhongshitong will assist in handling procedures such as customs declaration and booking space, focusing only on the export process. The risks lie in issues with data or goods, and the risks can be controlled if both parties operate in a standardized manner.
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Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
In export agency business, the foreign exchange payment is generally received by the agency. This is because the agency signs export contracts with foreign clients in its own name and handles export arrangements. Based on contract terms, foreign clients will make payments to the agency.
After receiving the payment, the agency deducts service fees and related expenses before remitting the remaining amount to the principal. This operational model helps protect the agency's interests and facilitates their control over fund flows in the export process.
However, principals should be aware of potential risks. On one hand, they should select reputable agencies to prevent misappropriation of funds. On the other hand, contracts should clearly specify payment timelines and breach liabilities to safeguard the principal's rights.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Typically, the agency receives the payment since they handle export customs clearance and other procedures, making foreign exchange receipt smoother.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, the agency collects the payment to streamline fund management in export operations, with subsequent settlement to the principal.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
In most cases, the agency receives the payment, allowing better fund management before transferring to the principal as agreed.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Most export agency arrangements involve the agency receiving payments, enabling better control over fund flows and issue resolution.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Normally, the agency collects foreign exchange first, then remits to the principal per agreement—this is the standard procedure.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Usually, the agency receives payments for more convenient fund management throughout export processes, aligning with industry practices.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
In export agency services, the agency typically handles foreign exchange receipts before distributing to the principal as prearranged.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Most often, the agency receives payments as this aligns with operational logic, followed by settlement with the principal.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The common practice is agency payment collection, with unified fund handling before settling accounts with the principal.