It is recommended to focus on the following when signing agency agreements:Exchange rate conversion rulesandFund settlement cycleClauses. An electromechanical export enterprise suffered a foreign exchange loss of $37,000 in 2024 due to neglecting exchange rate locking clauses.
For 2025, it is recommended to prioritizeCombined TT and LC payments. A textile enterprise adopted a combination of 30% TT advance payment + 70% LC, reducing its bad debt rate from 7% to 1.2%.
How to prevent exchange rate risks during payment collection?
To address exchange rate fluctuations, establishA three - level defense system:
Establish dedicated supervision accounts (avoid fund commingling)
Track logistics documents in real time (recommend using blockchain notarization)
New 2025 regulations require agents to providedetailed fund flow statements, enabling a food export company to recover 420,000 yuan in misdirected payments.
What to do when encountering foreign exchange controls?
Three-step strategy for handling control measures:
Confirm legality of foreign exchange receipt channels in advance (consult local SAFE)
Prepare complete trade documents (contract, invoice, packing list, transport documents)
For special markets like Iran, recommend usingBarter tradeorthird-country transit trade. AMedical Equipmentcompany successfully recovered $3.8 million in Iranian payments through Dubai transit.
Frequently Asked Questions
Q: Will agents withhold tax refunds?
A: Legitimate agents operate according to State Taxation Administration Announcement No. 17 of 2024, requiring tax refunds to be paid within 5 working days after receipt
Q: Whats the cost-effective way to handle small orders?
A: Recommend choosing package pricing (starting from 2,000 yuan/ticket), covering customs declaration, documentation, and foreign exchange collection
Q: How to handle delayed fund receipt?
A: According to agency agreement penalty clauses, overdue payments may incur late fees (daily interest 0.05%)