The following will explain the whole process of the BBC model from three aspects: goods transfer (logistics), goods rights transfer (ownership) and goods payment transfer (payment).
1. Goods transfer
Goods transfer refers to international logistics. As the main body of cross-border e-commerce, overseas buyers (buyers, businesses) play a key bridge role in international logistics and trade. However, their purchased goods do not have to actually receive the goods from overseas shippers (sellers, businesses) and then send them to the country. As long as they designate a qualified domestic cross-border e-commerce bonded warehouse as the consignee to receive the goods and then ship them to domestic individuals (consumers, customers), the goods transfer is completed. The logistics form of the BBC model.
2. Goods rights transfer
Goods rights transfer refers to commodity trading. During the entire logistics process, the actual goods rights of the goods have been transferred twice.
The first transfer of goods rights took place overseas, that is, through the form of B2B, the goods rights have been transferred to the second B (that is, the overseas purchaser business as the buyer) in the form of international trade overseas.
The second transfer of ownership of goods takes place within the country. After the consumer places an order through online shopping, the bonded warehouse ships the goods to the individual (customer) on behalf of the e-commerce company (overseas purchaser, business, sometimes also called foreign business, hereinafter referred to as e-commerce, no further explanation will be given), thus completing the transfer of ownership of goods in the form of B2C online shopping.
It should be noted that during the entire storage period of the goods in the bonded warehouse, the actual ownership of the goods belongs to the overseas purchaser (buyer, business) who is the e-commerce company.
3. Transfer of payment for goods
Transfer of payment for goods means paying the payment for goods. As the saying goes, one hand pays the money and the other hand delivers the goods. The flow of funds is often the reverse direction of logistics. Of course, in international trade, it is not always one hand pays the money and the other hand delivers the goods. Therefore, the transfer of payment for goods can be simply understood as: the individual (consumer, customer) pays the payment for goods to the overseas purchaser (buyer, business) through the payment software, and the overseas purchaser (buyer, business) then pays the shipper (seller, business) by international trade T/T and other payment methods.