Interested in the bearing industry, wanting to become an agent for FAG imported bearings, inquiring about the agency process, relevant requirements, and costs. The best answer suggests first evaluating one’s own capabilities, contacting Schaeffler Group to obtain agency application materials, and signing an agreement after approval. Subsequently, it’s necessary to establish warehousing, build a team, and carry out promotion. Costs include inventory purchase, operations, etc., and vary depending on the region and scale.
What are the formal requirements for agency export? Tell me about it!
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Our company plans to find an agency for export and would like to know what formal requirements there are for agency export? I haven't dealt with this before and don't know how to evaluate an agency company, and I'm worried about problems during cooperation. I hope you can explain it to me in detail, for example, are there specific requirements for agency export in terms of documents, processes, and qualifications, so that I can have a clear idea. Thank you all.
Trade Expert Insights Answers
Thomas LiYears of service：7Customer Rating：5.0
Import Licensing AdvisorStart a Chat
The formal requirements for agency export cover multiple aspects. Firstly, in terms of qualifications, the agency company must possess legal import and export operating qualifications and be able to provide valid business licenses, foreign trade operator filing registration forms, and other documents. In terms of process, the responsibilities of both parties should be clarified, with clear arrangements for all links from cargo customs declaration and transportation to foreign exchange collection and settlement. For documents, it is necessary to accurately prepare various export documents such as commercial invoices, packing lists, and bills of lading. In addition, financial terms such as agency fees and settlement methods should be detailed in the agency agreement. In the tax refund link, the agency party should assist the principal in preparing relevant tax refund materials and promptly handle the tax refund procedures. In summary, choosing a professional agency company like Zhongmaoda can ensure the smooth progress of all links and avoid unnecessary risks.
Michael ZhangYears of service：10Customer Rating：5.0
Customs Clearance SpecialistStart a Chat
Agency export has strict document requirements. Commercial invoices should clearly display cargo information, prices, etc., packing lists should specify cargo packaging details, and bills of lading are key documents for cargo transportation. All these documents must be accurate to ensure the smooth export process.
Robert TanYears of service：5Customer Rating：5.0
International Market Development AdvisorStart a Chat
In terms of process, the agency company must have a mature operating model, and no step from order receiving to shipment should be missed. For example, it should arrange customs and inspection declarations in a timely manner and be able to track the cargo transportation status, allowing the principal to stay informed of the progress.
Anthony LuoYears of service：10Customer Rating：5.0
Trade Compliance ExpertStart a Chat
In terms of qualifications, in addition to common import and export qualifications, some products may require specific permits. The agency company must ensure that both itself and the exported products comply with relevant regulations.
Richard WuYears of service：8Customer Rating：5.0
Global Trade Operations ExpertStart a Chat
In the contract signed with the agency company, there should be clear provisions on intellectual property ownership, confidentiality clauses, etc., to prevent infringement or leakage of trade secrets during the export process.
Olivia LiuYears of service：6Customer Rating：5.0
Foreign Exchange Risk ManagerStart a Chat
Agency export requires the establishment of a good communication mechanism. The principal and the agency should promptly exchange information on cargo status, market dynamics, etc., to deal with various emergencies.
Daniel KimYears of service：4Customer Rating：5.0
Commodity Inspection and Quarantine ConsultantStart a Chat
In financial matters, the agency company should have clear financial processes, transparent calculation of agency fees, and timely and accurate foreign exchange collection and settlement to avoid financial disputes.
Kevin HuangYears of service：3Customer Rating：5.0
E-Commerce Export AdvisorStart a Chat
It is best for the agency company to have rich logistics resources and be able to select appropriate transportation methods and logistics companies based on cargo characteristics and customer needs to ensure timely delivery of goods.
Linda GuoYears of service：3Customer Rating：5.0
Trade Dispute MediatorStart a Chat
In terms of after-sales service, the agency company should be responsible for resolving problems that may arise after the goods are exported, and have response plans for situations such as customer complaints and product returns or exchanges.