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What is the procedure of working as an indenting agent Who opens LC indenting agent or importer?
To start working as indenting-agent one must have a good knowledge of his local market and under standing of the buyers' need [for whom he intent to be an arranger of certain goods or items from abroad].
On the other hand, he must be an authorized indenting agent for the supplier [duly backed by valid agreement, stipulating his mandate and commission terms]; and is able to play role of the anchor between supplier and the buyer to bring them on best available negotiations and terms for sale.
On successful finalization of the deal and having arranged letter of indent from the supplier/exporter carrying all the required terms and conditions including delivery schedule etc., the job of indenting agent is accomplished.
He gets commission from the supplier of goods / exporter when Letter of Credit (Elcee) is opened by the importer via his bank and payment reaches to the exporter through banking channel of the importer matching the terms of Letter of Credit.
For regular needs of his customer, the indenting agent has to remain in liaison with the importer to under stand future requirement and make arrangements for timely and early supply of the materials as and when required.
Indenting-agent has also to keep him self up to date and aware of the competitive market and comparison of all the competitive / alternative products available. For example: quality, delivery schedule, pricing and suppliers etc.
What else can I help you with?
What is the definition of an indenting agent?
An indenting agent is a company that collects commissions on sales, and does not buy and resell. The value added to the supply chain may be distribution, technical support, shipping/import/export documentation services, sales force, marketing or anything else.
Who issues a bill of entry when importing goods?
Custom Clark or Importer / Broker(CNF Agent).
Who issues bill of entry when importing goods?
Custom Clark or Importer / Broker(CNF Agent).
What is the role of custom house agent?
Role of C.H.A / C & F The goods to be Imported from outside India for home consumption and the goods to be Exported to abroad from India cleared from Custom by paying duties & file all Custom documents on behalf of Importer & Exporter from arrival / stack / custom cleared export import and Also lodge protest to short landing / damage or excess cargo. C.H.A is main Agent between Importer/Exporter and Custom Department having main role clearing the goods with correct procedure.
What do you call a person working at an estate agent?
real estste agent
What agent and procedure make cakes rise?
self raising flour
How do you report illegal aliens working?
You call agent K and agent J from the MIB.
What is a CIA agent working condidtions?
the working condidtions are you have to be alert all the time.
What doese FOB mean?
FOB means Free on Board. While quoting rates in international trade, this term is extensively used. FOB should include cost of material, profit element,clearing agent's charges at port of shipment,where as the freight will be payable at destination by the importer and insurance is to be arranged by importer at their end.
What is the difference between LIM and LTR?
Like Lim, LTR is ‘Post Shipment Import Trade finance’ given by the Bank to the Importer. Difference is, in Lim, the possession of the released goods remains under bank’s control but in LTR, the Goods remains with the Importer. But he is holding the goods not as their owner but as an agent for the Bank
What is the procedure for adding someone as beneficiary to a life insurance policy?
If its your policy, Just call your agent======== If not, Then NO!
I am insurance agent of aviva life insurance company irda has issued me the license that i had lost now tell me the procedure how you get the license back?
I am insurance agent of aviva life insurance company irda has issued me the license that i had lost now tell me the procedure how i get the license back?
