In the agency import business, generally, whoever actually bears the cost and risk of the goods is responsible for making the remittance. Usually, the entrusting party is the actual demander and owner of the goods, bearing the cost and market risk of the goods. Therefore, it is more common for the entrusting party to make the remittance.
The main responsibility of the agency company is to utilize its own professional knowledge and resources to assist the entrusting party in completing the import process, including customs declaration, inspection application and other procedures. If the agency company makes the remittance, it means that the agency company has to advance a large amount of funds, which not only increases the financial pressure and risk of the agency company, but also does not conform to the conventional agency business model.
However, both parties can also negotiate and determine according to the actual situation in the agency agreement. For example, if the entrusting party has difficulties in capital turnover and the agency party is willing and has the ability to advance the payment, and at the same time both parties reach an agreement on the advance payment interest, risk bearing, etc., then it is also feasible for the agency company to make the remittance. But in any case, it should be clearly stipulated in the contract to avoid subsequent disputes.
Professional consultant answers
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
In the agency import business, generally, whoever actually bears the cost and risk of the goods is responsible for making the remittance. Usually, the entrusting party is the actual demander and owner of the goods, bearing the cost and market risk of the goods. Therefore, it is more common for the entrusting party to make the remittance.
The main responsibility of the agency company is to utilize its own professional knowledge and resources to assist the entrusting party in completing the import process, including customs declaration, inspection application and other procedures. If the agency company makes the remittance, it means that the agency company has to advance a large amount of funds, which not only increases the financial pressure and risk of the agency company, but also does not conform to the conventional agency business model.
However, both parties can also negotiate and determine according to the actual situation in the agency agreement. For example, if the entrusting party has difficulties in capital turnover and the agency party is willing and has the ability to advance the payment, and at the same time both parties reach an agreement on the advance payment interest, risk bearing, etc., then it is also feasible for the agency company to make the remittance. But in any case, it should be clearly stipulated in the contract to avoid subsequent disputes.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Generally, it is the entrusting party that makes the remittance. After all, the goods are to be used by the entrusting party. The agency party is only helping to handle the import affairs. Letting the agency party make the remittance may cause problems such as unclear financial risks and responsibilities.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The common situation is that the entrusting party makes the remittance. If the agency party makes the remittance, it requires high capital from the agency party. Moreover, if the entrusting party does not repay in time, it will also cause trouble for the agency party. Therefore, it is more reasonable for the entrusting party to make the remittance.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
In most cases, the entrusting party makes the remittance. Unless it is specifically stated in the agency agreement that the agency party makes the remittance, otherwise it is defaulted that the entrusting party bears the payment responsibility.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
From the perspective of conventional business, the entrusting party makes the remittance because the entrusting party is the final beneficiary of the imported goods. Making the remittance conforms to common sense and business logic.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Usually, the entrusting party makes the remittance. After all, the agency company mainly collects service fees. It is more appropriate for the entrusting party to bear the matter with high financial pressure like making the remittance.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Generally, the entrusting party makes the remittance. The agency company is only responsible for the process operations. The funds are handled by the entrusting party. In this way, the division of responsibilities is relatively clear.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The entrusting party mostly makes the remittance. If the agency party makes the remittance, subsequent settlement is prone to problems. Therefore, it is more conducive to ensuring the smooth progress of the business for the entrusting party to make the remittance.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
In most cases, the entrusting party makes the remittance. The agency party generally will not easily bear the responsibility of making the remittance. Otherwise, it will bring a lot of potential troubles to itself.