International settlement solutions, ensure the safe arrival of funds
—Smooth Transactions, Sure Results.
Import and export settlement services focus on the cross-border fund management needs of enterprises, providing one-stop financial solutions covering foreign exchange collection and payment, exchange rate management, and customized settlement solutions. Services cover core scenarios such as letter of credit review, collection agency, cross-border wire transfer, etc. Relying on the global banking network and intelligent risk control system, it can realize multi-currency real-time settlement, exchange rate fluctuation hedging and compliance review.
Secure, Fast, Reliable
“Match the optimal settlement path according to trade terms to reduce exchange loss costs and avoid policy risks.”
Free trade risk assessment, professional solution consultation and planning.
The company intends to find a foreign trade agency to export products and wants to understand the settlement methods, specific processes, and precautions when choosing. The best answer introduces common settlement methods, such as telegraphic transfer (divided into pre- and post-T/T), which is easy to operate; letters of credit are relatively safe but complex; collection includes D/P and D/A, with moderate risks. When choosing, factors such as customer credit and transaction amount need to be considered comprehensively.Read More
The company plans to agency-import products and wants to understand payment methods. It inquires whether to directly transfer funds to the agent or if there are better options, as well as considerations like payment timing and currency. The best answer states common methods include the importer paying the agent first or using a letter of credit; payment currency should consider exchange rate risks, and timing should follow contract terms, such as before goods arrive or after inspection.Read More
Hired an import customs clearance agent to handle cargo customs declaration, but they delayed payment with excuses. Kept the contract and communication records, asking how to handle it. The best answer suggests friendly negotiation first, then sending a lawyer's letter if unsuccessful, and finally taking legal action with property preservation if still ineffective. Can also file complaints with industry associations to protect rights through multiple approaches.Read More
The company plans to export products through an agency company but has doubts about foreign exchange taxation in agency export. It inquires whether the principal or the agency should receive foreign exchange tax, along with relevant regulations, operational procedures, and impacts of different collection methods. The best answer indicates that it's more common for agencies to receive foreign exchange, with taxation following the principle of "who exports, who gets tax refunds." The agency provides proof to the principal after receiving foreign exchange, enabling the principal to process tax refunds. Both parties may also agree through contracts while complying with regulations.Read More
Our company has an import business and wants to find an agent to handle tax payments. We are not clear about the process and precautions. We are asking whether to find a customs broker or a trading agency company, what information needs to be provided, and how the fees are calculated. The best answer points out that first, sign an agreement with a professional agency like Zhongshitong. Provide relevant information about the goods. The agent will declare and pay taxes accordingly. The taxes are calculated according to regulations, and the agency fee is charged at a certain percentage of the value of the goods. At the same time, many precautions need to be noted.Read More
A key foreign trade import and export enterprise, with more than 20 years of import and export agency experience, providing one-stop service throughout the entire process!
