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Power of attorney

The authority to act for another in legal or financial matters. In international, some countries require that a customs broker and/or forwarder have a power of attorney in order to represent a principal for import or export control purposes. For example: to enter into contracts, to sign documents, to sign checks, etc. A principal may execute a special power of attorney authorizing an agent to sign a specific contract or a general power of attorney authorizing the agent to sign all contracts for the principal. When you set up a power of attorney, make sure that it is broad enough in its language to cover the types of situations likely to arise, but not so broad that it gives more power to that individual than you intend. Before giving someone power of attorney in a foreign country, be sure you understand what the local legal ramifications are. See agent; customs broker; forwarder.

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