Interested in the import and export agency industry and asking about its specific business. The best answer states that import and export agents provide various services to enterprises, such as handling customs declaration and inspection procedures, like preparing documents for customs declaration when exporting clothing; coordinating logistics and transportation, choosing sea or air freight and communicating with transportation companies; providing trade policy consulting, informing about policies and regulations for products exported to the EU, assisting enterprises in smoothly carrying out import and export trade.
When acting as an agent for export, who should the buyer be filled in as? Come and give me some advice!
Resolved
Our company plans to conduct export business through an agent company and has encountered a question when filling out relevant documents. Who should be filled in as the buyer for agency export? Should it be the foreign client we actually cooperate with, or the agent company? Will filling in different parties have any impact on subsequent business? We hope that experienced friends can explain it to me, so that I can fill it in accurately, avoid future problems, and successfully complete the export business.
Trade Expert Insights Answers
In agency export, the buyer should typically be the foreign client with whom you have reached a transaction. This is because the agent company only provides agency services to help you handle matters related to the export process and is not the purchaser of the goods. Filling in the actual foreign client clearly reflects the true trade relationship and facilitates the smooth progress of subsequent foreign exchange collection, customs clearance, and a series of other businesses.
If the agent company is filled in, the trade relationship will become blurred. In terms of foreign exchange collection, it may lead to foreign exchange entering the agent company's account, increasing risks and complexity of fund circulation. In terms of customs clearance, problems may arise due to the discrepancy between the trade entity and the actual situation. In addition, tax declaration and other aspects may also cause trouble due to incorrect buyer information. Therefore, to ensure the normal progress of business and follow the substance of trade, the actual foreign client should be truthfully filled in as the buyer.
Generally speaking, you should fill in the actual buyer, which is the foreign client. This way, the entire export process will be consistent with the actual transaction, and it will be convenient to prepare documents such as bills of lading and packing lists. Anyone can see who the goods are sold to. If you fill in the agent company, the documents will have to be changed, which is more troublesome.
Definitely fill in the foreign client. The agent company only helps with export procedures, and the goods are not sold to them. Filling in the correct buyer makes it easier to deal with product after-sales service, collection of final payment, etc. If you fill in incorrectly, subsequent communication may become confusing.
It is more appropriate to fill in the actual foreign buyer. From a legal perspective, this clarifies the rights and obligations of both parties to the transaction. If the agent company is filled in, the determination of responsibility will be complex in case of disputes, which may affect your own rights and interests.
Filling in the foreign client makes the entire export chain clear. From cargo transportation to delivery, it is guided by the actual buyer. If the agent is filled in, there may be cognitive discrepancies in logistics, delivery, and other aspects.
It is recommended to fill in the actual foreign client. Because the foreign client is the ultimate payer, filling them in helps with clear financial accounting. If the agent is filled in, the fund flow may become confused.
You should fill in the actual foreign client. This can comply with the actual situation when handling certificates of origin and other supporting documents. If the agent company is filled in, the supporting documents may not match the actual trade.
Fill in the foreign buyer. When preparing documents such as commercial invoices, filling in according to the actual buyer can ensure information consistency in all aspects and reduce errors and misunderstandings.
Fill in the actual foreign client, otherwise, after the goods arrive at the port of destination, operations such as picking up the goods may be hindered due to inconsistent buyer information.
Fill in the foreign client, so that the relevant documents match the actual transaction when applying for export tax rebates, and the tax rebate process can be handled more smoothly.