What is an Indentor (International Broker) and What are their Duties?
Introduction
In the world of international trade, an indentor, also known as an international broker, plays a critical role in facilitating transactions between buyers and sellers. An indentor acts as a middleman between the buyer and the seller, helping the buyer to source the products they need from suppliers around the world.
Duties of an Indentor
An indentor’s primary duty is to help buyers source the goods they need from suppliers. This involves researching potential suppliers, negotiating prices, and arranging for the shipment of goods.
Quality control is also an important duty of an indentor. An indentor is responsible for ensuring that the products sourced meet the quality standards specified by the buyer. This can involve inspecting the goods before shipment, or arranging for third-party inspections to be carried out.
Logistics management is another important duty of an indentor. An indentor is responsible for managing the logistics of the transaction, including arranging for transportation, customs clearance, and delivery.
What is an Indentor (International Broker) and What are their Duties?
Introduction
In the world of international trade, an indentor, also known as an international broker, plays a critical role in facilitating transactions between buyers and sellers. An indentor acts as a middleman between the buyer and the seller, helping the buyer to source the products they need from suppliers around the world.
Duties of an Indentor
An indentor’s primary duty is to help buyers source the goods they need from suppliers. This involves researching potential suppliers, negotiating prices, and arranging for the shipment of goods.
Quality control is also an important duty of an indentor. An indentor is responsible for ensuring that the products sourced meet the quality standards specified by the buyer. This can involve inspecting the goods before shipment, or arranging for third-party inspections to be carried out.
Logistics management is another important duty of an indentor. An indentor is responsible for managing the logistics of the transaction, including arranging for transportation, customs clearance, and delivery.