Entrepot trade, also known as intermediate trade or entrepot trade, refers to the buying and selling of import and export goods in international trade, not directly between producing countries and consuming countries, but through third countries. This trade is entrepot trade for transit countries. The traded goods can be transported by the exporting country to a third country, where they are not processed (changing packaging, sorting, classification, etc.). Not regarded as processing) and then sold to consumer countries; It can also be transported directly from the producing country to the consuming country without going through a third country, but there is no trading relationship between the producing country and the consuming country, only the transit country trades with the producing country and the consuming country respectively.

There are three kinds of entrepot trade: entrepot trade, pure entrepot trade and processing entrepot trade.

Your situation is the same as the first one:

Re-export trade mode: refers to the buying and selling relationship between exporters and importers through intermediaries. Then the goods are transported directly from the exporting country to the importing country. In this case, the goods are not cleared for import and export in the third country, and the middlemen only participate in the processing of transaction documents. This way of handling documents is actually the re-export of goods ownership.

The specific operation is also seen from other posts. According to the rhythm of payment, there are two situations:

1. Re-export trade of receiving first and supporting later.

1. The contract indicates the advance payment terms.

2. The import verification form shall indicate the expected arrival date (not earlier than the payment date).

3. Shanghai enterprises shall handle it in accordance with the measures for the classified management of foreign exchange payment for trade imports of Shanghai State Administration of Foreign Exchange. Class A units can handle all kinds of foreign exchange payment services; Class B and Class C units cannot handle the contract advance payment with the estimated arrival time of > 90 days or > 65.438 billion USD+20% at the same time; Class D companies are not allowed to handle prepayment business (judge what level your customers are, if they are Shanghai customers).

4. Write-off form for import payment of foreign exchange (the transaction code of the import write-off form is "0 1 16 Other", the transaction postscript indicates "entrepot trade", and the nature of payment of foreign exchange is marked as "entrepot trade". Fill in the record number 99999)

5. Business license/approval certificate (entrepot trade qualification)

6. Detailed written explanation+official seal (Detailed written explanation at least includes "foreign exchange receipt and payment, settlement method, port of shipment, port of arrival, confirmation of goods transfer, etc.". ).

7. Purchase contracts and invoices

8. Sales contracts and invoices

9. Proof of the transfer of the right to goods, such as bill of lading.

10, customs declaration/foreign exchange memo/letter of credit issued by the buyer (the amount, date and "entrepot trade" are marked on the customs declaration and other documents)

1 1, foreign-related income declaration form (0202) (the transaction code of the foreign-related income declaration form is 0202 entrepot trade in a third country, and the transaction postscript indicates "entrepot trade")

12. Foreign exchange payment declaration form

The filing form for import payment of foreign exchange is (or needs to be) included in the "List of Import Units Approved by the Foreign Exchange Bureau" (the local foreign exchange bureau needs to stamp the filing form)/the foreign exchange is paid by the filing form.

Second, entrepot trade:

1. Only Class A importers can handle the sale and payment of foreign exchange in entrepot trade (Shanghai enterprises).

2. Business license/approval certificate (entrepot trade qualification)

3. Detailed written explanation+official seal

4. Purchase contracts and invoices

5. Sales contracts and invoices

6. Verification Sheet for Import Payment of Foreign Exchange

7. Letter of credit issued by the buyer or payment guarantee issued by a foreign bank and audited by the bank.

8. Foreign exchange payment declaration form

The filing form for import payment of foreign exchange is (or needs to be) included in the "List of Import Units Approved by the Foreign Exchange Bureau" (the local foreign exchange bureau needs to stamp the filing form)/the foreign exchange is paid by the filing form.

First, the contract and proforma invoice. In addition, consulting the local foreign exchange bureau on the requirements of re-export trade verification enterprise information can be used as a reference for foreign exchange payment audit materials.

In the past, there was a document about the entrepot trade contract. In practice, the customer said that there was no such contract. When we do import verification of entrepot trade, we are required to produce two contracts, one is an import contract and the other is an export contract. The port of destination is the same as the port of departure. The name and quantity of the goods are the same, and the price of export is certainly higher than that of import. In addition, customers need to cooperate, and they need to be notified in advance to declare according to entrepot trade when receiving foreign exchange to avoid problems left over.

To tell the truth, if the customer does not clearly tell the bank that it is a re-export trade, we will handle the import in advance according to the general trade. On the surface, there is nothing wrong with the bank. The key point is that if customers want to write off entrepot trade in the future, banks have to change the write-off information, which is very annoying.