What is import broker in SAP SD-FT - Foreign Trade?

SAP Term: import broker

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A company or person who buys foreign commodities and resells them as domestic goods.

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• Key Concepts: 
  An import broker is a person or company that acts as an intermediary between a buyer and seller in international trade. They are responsible for the coordination of all activities involved in the import process, including customs clearance, transportation, and payment. In SAP, the import broker is used to manage the import process for foreign trade transactions. 
  
  How to use it: 
  In SAP, the import broker is used to manage the import process for foreign trade transactions. The import broker can be set up in the system by entering the relevant information in the SD-FT Foreign Trade module. This includes details such as the name of the broker, contact information, and payment terms. Once set up, the import broker can be used to manage all aspects of the import process, including customs clearance, transportation, and payment. 
  
  Tips & Tricks: 
  When setting up an import broker in SAP, it is important to ensure that all relevant information is entered accurately. This includes details such as contact information and payment terms. It is also important to ensure that all documents related to the transaction are properly filed and stored in order to ensure a smooth and efficient import process. 
  
  Related Information: 
  For more information on setting up an import broker in SAP, please refer to the SAP Help documentation on SD-FT Foreign Trade. Additionally, there are many online resources available that provide detailed information on how to set up an import broker in SAP.