Current Location:Issuing L/C Instead

Agency services can be jointly provided by the ENN and FTEC，ENN can provide services to end customers an.

Issuing process as import agent

• >ENN find the end customer company, at the same time contact the supplier, initially confirm the terms of supply (including price, shipment date, quantity, storage location).
• >After signing the import agency agreement with the end customer, ENN sign the import agent agreement with FTEC.
• *Agency fees in accordance with US dollars price, tentatively scheduled for 0.6%
• >FTEC sign a foreign trade contract with foreign customer.
• >After receiving the payment of 10% deposit by the end customer, ENN pays 10% deposit to FTEC.
• >FTEC will issue international letters of credit.
• >After the loading of the goods, FTEC,being informed, reminds the final buyer to buy insurance under the terms.
• >The customs clearance company of FTEC is responsible for the convergence of various issues, dynamic forecast of schedule, unloading by the port, commodity inspection.
• >ENN is responsible for contact with the storage company, and sign a tripartite warehousing agreement (buyer, ENN, FTEC).
• >After entering the warehouse, the bank documents of FTEC shall be responsible for notifying the ENN, and ENN will inform the end-users to pay customs duties and value-added tax.
• *After the payment of tax by the end customer, when the market does not appear sharply down, we can put 20% (temporary) (according to customs duties + VAT paied by the customer) to the end customers.
• >According to the number of final inspection, confirm the number of storage in the warehouse.
• *Receipt issued by the warehouse .
• *The buyer shall bear the warehousing costs, customs fees, inspection fees, reasonable wear and tear, generated during storage.
• >Products property transfer to FTEC.