Factor agents in international trade

• is a mercantile fiduciary who receives and sells goods on commission.
• The commission is called a factorage.
• Possess the goods they sell.
• Sell goods in their own names.
• Do not disclose their principal.
• Collect goods for sale.
• Deliver goods to their customers.
• Have insurable interest on the goods they sell.
• May sell on credit.
• Provide warehousing and equipment for handling goods.
• Collect and forward payments to their principals less their commission.
• Most factors are found in the textile industry although they are also found in other industries.

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