1. Positive answer

Offshore transfer business of foreign exchange receipts and payments should be declared under the 122010 transaction code, which regulates the management of foreign exchange receipts and payments of offshore transfer transactions in goods trade, and banks handle it for enterprises. When offshore resale transactions are conducted, contracts, invoices, authentic and valid transport documents, bills of lading and warehouse receipts and other cargo title documents should be reviewed on a case-by-case basis to ensure the authenticity, compliance and rationality of the transaction.

2. Analysis

The same offshore transfer business should be settled in the same bank branch using the same foreign currency or RMB. This requires enterprises to make arrangements in advance for the currencies in which they will receive and pay foreign exchange before starting business. They cannot agree to use currency A to collect foreign exchange and then use currency B to pay foreign exchange.

3. Is offshore re-export trade an entrepot trade?

Offshore re-export trade and re-export trade are both derived from the balance of payments transaction code, and they are the same concept. If the capital settlement involved in the entire re-export trade is also completed at the re-export port, then this transaction method belongs to re-export trade and can also be defined as offshore trade.