Quoting from [Vocow]:


Hi all,


I am new to this forum, My main role is sourcing agent for buyer in Malaysia. Our company incorporated this year and it is a one man band.


I have a question and it has been bothering for long time in the way how to successfully run the business.

Here is the Scenario: I have a client in Malaysia look to import.

I found a good supplier in UK for them. UK supplier quote me a price and I mark it up 10% then quote to my client. Client accpet the price and sample and ready to go ahead. Now, I would like to secure my 10% commission, but how do I protect my interest? As if I disclose the supplier to the buyer, they may bypass me and make a deal themselves. Please note my name or company name will not appear in any Docs like sales contract, L/C, B/L, Commercial invoice and etc. It is only between supplier and end buyer. On top of that I would only make a deal with the supplier so that my commission is gurranted.


Can any pros advise me the process and things need to be aware of.


Thanks in advance and welcome open discussion.


Regards

Vocow.

that is the way people really want it.To direct transactions.if we put their shoes to ours.We would do the same in order to minimize the expense and maximize the profit. The only thing to do is to get closer to the people involve.And try them to understand your position.How? well it is your call. good luck!

Quoting from [Vocow]:


Hi all,


I am new to this forum, My main role is sourcing agent for buyer in Malaysia. Our company incorporated this year and it is a one man band.


I have a question and it has been bothering for long time in the way how to successfully run the business.

Here is the Scenario: I have a client in Malaysia look to import.

I found a good supplier in UK for them. UK supplier quote me a price and I mark it up 10% then quote to my client. Client accpet the price and sample and ready to go ahead. Now, I would like to secure my 10% commission, but how do I protect my interest? As if I disclose the supplier to the buyer, they may bypass me and make a deal themselves. Please note my name or company name will not appear in any Docs like sales contract, L/C, B/L, Commercial invoice and etc. It is only between supplier and end buyer. On top of that I would only make a deal with the supplier so that my commission is gurranted.


Can any pros advise me the process and things need to be aware of.


Thanks in advance and welcome open discussion.


Regards

Vocow.

Secure an authority from the seller.  then secure a P.O. from the buyer.  Did i made it very simple?

Replying to [Simond]:


Mr. Simond,

This is a sourcing agent company from India and very new to this business as i read your comments regarding the Transferable L/C it was very new thing for me and i learnt some new thing. But i also dont have the L/c facility and the money involved is huge so please also send me an contract copy for my Immediate reference as the same problem is being faced my me. Please mail me the NCND & FPA & IMFPA so that i can also work on it. It will a great help to me and i will be really oblidge. Please mail me on rashiinternational@gmail.com

Rashi.

 

 

 

Quoting from [Trollslayer]:


You need to check UK and in particular European Law as I think agents are protected by a special law to avoid the non-payment of a commission.


But cover yourself with the supplying company with a contract that clearly states your role as a sales agent for the supplier and then the commission will be due from them under UK law

thank you!!!   i just known the law is very important in the international trade!!

 

Quoting from [Trollslayer]:


You need to check UK and in particular European Law as I think agents are protected by a special law to avoid the non-payment of a commission.


But cover yourself with the supplying company with a contract that clearly states your role as a sales agent for the supplier and then the commission will be due from them under UK law

thank you!!!   i just known the law is very important in the international trade!!

 

Quoting from [KATAKIT]:


hello.everyone.im a newer here.my company is a garment and shoes supplyer.if anyone of you want any good from china.you can contect me.and also i hope to make friend with all.i hope we can learn from each other.

hi I am in USA...what can you supply...do you have ladies linen underwear??

George kwong

dear all,

this is the first time to the forum and l really learnt a lot from the communication, and i would also like to be a middle man for the company who want to buy something from china,  and i don't know it is so complicated to do internal business, and i am really interested in the NCNDA and IMFPA , if someone have such kind of sample, could you sned me one? my mail address is linda_yu1209@hotmail.com , thanks a lot.

and if some company want to find a buyer in china, please contact me.

thanks a lot

 

Quoting from [Vocow]:


Hi all,


I am new to this forum, My main role is sourcing agent for buyer in Malaysia. Our company incorporated this year and it is a one man band.


I have a question and it has been bothering for long time in the way how to successfully run the business.

Here is the Scenario: I have a client in Malaysia look to import.

I found a good supplier in UK for them. UK supplier quote me a price and I mark it up 10% then quote to my client. Client accpet the price and sample and ready to go ahead. Now, I would like to secure my 10% commission, but how do I protect my interest? As if I disclose the supplier to the buyer, they may bypass me and make a deal themselves. Please note my name or company name will not appear in any Docs like sales contract, L/C, B/L, Commercial invoice and etc. It is only between supplier and end buyer. On top of that I would only make a deal with the supplier so that my commission is gurranted.


Can any pros advise me the process and things need to be aware of.


Thanks in advance and welcome open discussion.


Regards

Vocow.

Quoting from [Vocow]:


Hi all,


I am new to this forum, My main role is sourcing agent for buyer in Malaysia. Our company incorporated this year and it is a one man band.


I have a question and it has been bothering for long time in the way how to successfully run the business.

Here is the Scenario: I have a client in Malaysia look to import.

I found a good supplier in UK for them. UK supplier quote me a price and I mark it up 10% then quote to my client. Client accpet the price and sample and ready to go ahead. Now, I would like to secure my 10% commission, but how do I protect my interest? As if I disclose the supplier to the buyer, they may bypass me and make a deal themselves. Please note my name or company name will not appear in any Docs like sales contract, L/C, B/L, Commercial invoice and etc. It is only between supplier and end buyer. On top of that I would only make a deal with the supplier so that my commission is gurranted.


Can any pros advise me the process and things need to be aware of.


Thanks in advance and welcome open discussion.


Regards

Vocow.

If you do the trading you are supposed to have the L/C named to your company.  Please print down usefull topics posted by Alibaba on their website.  It will help you a lot on how to trade.

Just pray that your client will pay your commission.

Always expect for worse to happen anytime especially if you are just starting.  Don't forget to learn a lesson in every failure you have.

Buyers from china are good business partners, they wont abandon you in that type of situation, just be honest to them.

God Bless and Good luck to your adventure........

Thank you for your good question. I ever think about it again and again.

I also think transferable L/C is a good way, but if I can use T/T payment method for avoiding the direct business between my customer and my supplier?