Definitions
- A person or company that acts as an intermediary between a buyer and a manufacturer. - Someone who arranges the purchase of goods from a manufacturer for resale to a buyer. - A party that negotiates the terms of a sale on behalf of a buyer.
- A person or company that brings goods into a country from another country for sale or distribution. - Someone who purchases goods from a foreign supplier and brings them into their own country. - A party that is responsible for customs clearance and payment of duties and taxes on imported goods.
List of Similarities
- 1Both involve the purchase and sale of goods.
- 2Both require knowledge of international trade regulations.
- 3Both can involve negotiating prices and terms of sale.
- 4Both play a role in the supply chain of goods.
- 5Both require communication and coordination with manufacturers and buyers.
What is the difference?
- 1Role: Indentors act as intermediaries between buyers and manufacturers, while importers bring goods into a country for sale or distribution.
- 2Responsibility: Indentors are responsible for arranging the purchase of goods from a manufacturer for resale to a buyer, while importers are responsible for customs clearance and payment of duties and taxes on imported goods.
- 3Location: Indentors may be located in the same country as the buyer or manufacturer, while importers are located in the country where the goods are being sold.
- 4Focus: Indentors focus on the needs and specifications of the buyer, while importers focus on the regulations and requirements of the importing country.
- 5Risk: Indentors may take on more risk in the transaction, as they are responsible for ensuring that the goods meet the buyer's specifications, while importers may face more risk due to fluctuations in exchange rates and changes in trade policies.
Remember this!
Indentor and importer are both involved in the purchase and sale of goods, but they have different roles and responsibilities. An indentor acts as an intermediary between a buyer and a manufacturer, negotiating the terms of a sale on behalf of the buyer. An importer brings goods into a country for sale or distribution and is responsible for customs clearance and payment of duties and taxes on imported goods.
