Commission Agent

 
Export dictionary


Commission Agent

A commission agent accepts or sells goods on behalf of his principal, but in his own name, link an exporter’s goods with an overseas buyer. He is autonomous of his principal, has a claim for his commission and has the right when dealing with certain goods to carry out the transaction at his discretion. Commission agents can occasionally help with export logistics such as export documentation, shipping, and packing. This agent does not establish the selling price or take title to the product, but collect a percentage or fixed fee for serving as an agent.

This entry was posted in dictionary on August 11, 2017 by Tanushka.