Glossary

Buying Agent

Tags: Glossary

A company or individual that is responsible to transfer cargo from one point to another.

Who is a Buying Agent?

A buying agent in shipping is an individual or a company that acts as an intermediary between buyers and sellers in international trade. Buying agents help buyers to find and purchase products from overseas suppliers, and they assist with logistics and shipping arrangements. 

Buying agents typically have extensive knowledge of the international trade process, including sourcing, negotiation, quality control, and shipping. They can provide valuable assistance to buyers who may not have the resources or expertise to navigate the complexities of international trade. 

In the shipping industry, buying agents are often involved in the procurement of goods and materials, such as raw materials, components, and finished products. They may also be involved in the shipment of these goods, including arranging for transportation, customs clearance, and documentation. 

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