In the agency export business, the principle of "whoever receives funds in agency export is responsible for paying" is usually applicable. Under normal circumstances, the agent signs the export contract with foreign customers in its own name and receives the payment, because the agent is responsible for the entire export process, including customs declaration, transportation, etc. After receiving the funds, the agent deducts the agency fee and pays the remaining amount to the principal. This is the implementation method of paying after receiving funds.
However, there are also special cases. For example, if the principal negotiates with the foreign customer and the principal directly receives the funds, at this time, the agent is only responsible for the export operation process and is not involved in the fund receipt link, so there is no operation of paying after receiving funds. But this situation requires prior communication and clear agreement among all parties, otherwise disputes may arise. In short, following this principle helps to clarify the rights and responsibilities of all parties and ensure the smooth progress of the business.
Professional consultant answers
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
In the agency export business, the principle of "whoever receives funds in agency export is responsible for paying" is usually applicable. Under normal circumstances, the agent signs the export contract with foreign customers in its own name and receives the payment, because the agent is responsible for the entire export process, including customs declaration, transportation, etc. After receiving the funds, the agent deducts the agency fee and pays the remaining amount to the principal. This is the implementation method of paying after receiving funds.
However, there are also special cases. For example, if the principal negotiates with the foreign customer and the principal directly receives the funds, at this time, the agent is only responsible for the export operation process and is not involved in the fund receipt link, so there is no operation of paying after receiving funds. But this situation requires prior communication and clear agreement among all parties, otherwise disputes may arise. In short, following this principle helps to clarify the rights and responsibilities of all parties and ensure the smooth progress of the business.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Indeed, it is "whoever receives funds in agency export is responsible for paying", which facilitates clarifying the flow of funds. If the agent receives the funds, it must pay the principal as agreed in the contract and cannot misappropriate the funds privately.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
In actual operations, this principle is basically followed. If the agent fails to pay the principal in a timely manner after receiving the funds, the principal has the right to hold the agent accountable. Therefore, the agent must abide by the rules.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Yes, whoever receives funds is responsible for paying. If the agent receives the funds, in addition to deducting the agency fee, it must give the money to the principal as soon as possible, otherwise it will affect the cooperative relationship.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Following the principle of "whoever receives funds in agency export is responsible for paying" can avoid financial confusion. If everyone follows the rules, the business can be carried out smoothly.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
This principle is very important. After the agent receives the funds, it pays the funds according to the entrusted agency agreement to ensure a clear flow of funds.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The principle of "whoever receives funds in agency export is responsible for paying" is a basic criterion, which can effectively protect the rights and interests of the principal and the agent and reduce economic disputes.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
In agency export, following this principle allows both parties to clearly know the fund movements and avoid unnecessary troubles.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
That's right, whoever receives funds is responsible for paying. This makes both the financial and business processes more standardized and easier to manage.