How to import from china kit pdf download
Do you want to take such risks? For every item you import, ascertain the tariff classification number. The duty rate is determined with this digit number in conjunction with the Certificate Of Origin.
Then calculate the land cost. The duty rate is to be paid when importing. Once you have chosen a supplier, place your order and ask for a Proforma Invoice.
This invoice specifies the weight, the dimensions of the package and the purchase term. However this does not create any legal obligation. International shipments take time. For instance, if you want the goods to be imported from China to U. S west coast, you need to wait for a minimum 14 days and it is almost double the time if you are in the east coast!
While receiving the goods in your country be ready with all the bills and documents so that if there are any problems, you can troubleshoot immediately. Ex Works is an international agreement for trade where the supplier must ensure the goods are ready at his place for pick-up. You, the buyer will be in total control of the shipment. Cost And Freight in international trade is where the seller is not obligated to obtain marine insurance. So if there are any damages to the goods while shipping, the seller is not responsible.
Free On Board is also an agreement that specifies the liability of the seller and buyer when the products are in transit. Cost, Insurance And Freight is a term where the supplier is required to transport the goods to the destination port by sea. After the departure of the airplane the rights of the cargo will be transferred from supplier to the consignee. This instrument is non- negotiable. Estimated Time of Arrival, Estimated time of Delivery refer to the date and time that the ship will arrive at a port.
FCL refers to a full load that has cargo for a single importer. LCL is a cargo owned by many importers and grouped together in a single container. If you have small amounts of cargo, LCL would be the best option. Minimum Order Quantities are prevalent in China which, in fact, does not go down well with start-ups.
China is a land of culture and traditions. You need to know at least the basics of Chinese culture if you are planning to do business with Chinese entrepreneurs. This is something you cannot avoid when it comes to how to import from China.
Even small things such as how you greet or behave in a meeting matter. Moreover Chinese expect gifts time and again and would love it if you invite their team for a dinner. However they respect other cultures too.
One more thing you must not forget is, treat the person you are doing business with utmost respect. Mutual trust also builds a lasting, healthy export- import relationship. This is a hard decision to make. There are shoes, handbags, electronics and many more attractive products in China but you need to choose those that can bring you big profits. Imports are a lengthy and risky procedure that involves a lot of cost too, so be careful. It is better if you know your niche.
This will enable you to make quality inspections and import only quality products. Otherwise, there are high chances that you may be cheated in China. Product sourcing requires lots of research on your end. Ideally what you to import is the one has high margins and good sales. If you are doing online retail, Amazon is a good platform to acquire such data. Low levels of competition means you have an edge! You have all the chances of becoming a market leader in a short span of time.
Your product will also move like hot cakes, thus you can expect huge profit margins. The product you choose must be accepted by people of all classes and must not hurt anyone in your country. After all the lengthy and risky import procedures, do you want to ruin your business?
Definitely not! Always seek the help of a trusted sourcing agent such as China Sourcelink to import products from China. This will ensure you receive quality products at the right time. Suppliers are all over China.
However finding an honest supplier is important and you need to do a bit of research on the internet. Online sourcing is a convenient way of acquiring information however it is not always the best options for sourcing suppliers when it comes to how to import from china. Here is a summary of a few key points from the article. Finding a genuine supplier in China is really a tough job.
You can easily get cheated. Why not seek the services of a leading sourcing company like China Sourcelink that can help you import from China? We, China Sourcelink take care of all the import procedures while you can focus on other important things in your home country. We promise to get competitively priced, quality products for you!
These days, most of the Chinese vendors can speak good English. So language is not a barrier if you are looking to import from China. You need not have a translator either. Just keep in touch with them on email or live chat. In China, people use WeChat, a messaging app for payment of goods, exchange money, pay bills and to communicate with their friends. Just connect on WeChat and you will see that the vendors reply instantly and communication becomes easier than ever.
WeChat allows you to get closer to the vendor. Even though it is a fact that there are scammers in every country and industry, in China, you need to be extra cautious as fake products are all over the place.
However with a little bit of research, you can identify the genuine suppliers. It is highly recommended that you choose a vendor who has been dealing with businesses in your country. This is safe and poses least or no risk for you.
Just check his clientele for authenticity of the vendor. You can also attend trade shows such as Canton Fair and the vendor is most likely to be genuine if he has a booth at the show. When you are on the lookout for Chinese suppliers you can see that there are a variety of them.
A factory in china will have minimum specialties and you can get the lowest price here. However the MOQ will be higher. If you are a startup this may not be ideal for you as it demands a lot of investment.
Usually most of the factories in China are private label manufacturers who provide OEM services , which in order words means that they will produce the product with your logo on it. Branded product has much more margins compared to generic merchandises and therefore Amazon private label is a practice of lots of FBA sellers adopted. While dealing with a trading company might eat into some of your profits, there are high chances that you may get the same price as the factory as they will have good relations built with the factories.
Another advantage is that you will have lesser MOQ with a trading company. Moreover trading company will be more experienced in working with companies in the west, so you can expect additional services such as screening your products for quality control. This is the most popular option to search for a vendor in China but be sure to deal with only gold suppliers.
There are however increasing frauds recently and therefore there are debates is alibaba safe and legit. How to use alibaba to find suppliers in China is the guide that teaches to how to avoid scams and distinguish traders and resellers from factories. This is a step that is neglected by lots of people when it comes to how to import from China. This is always a concern for imported goods, especially if you are importing from China. Chances are high that the samples shipped to you might not be the ones from your production line.
Samples may also be the ones sitting on their shelves from quite a long time. Also make sure whether the goods you intend to import are subject to any permits, restrictions or regulations by your government.
You should avoid products listed below:. Importing goods that are unsafe, that fail to meet health code requirements, or that violate restrictions could end up costing you quite a bit of money in fines and penalties. At the very least, such goods would be detained, and possibly destroyed.
Determine the digit tariff classification number for each item you are importing. These numbers along with the Certificate of Origin are used to determine the rate of duty you must pay when importing. Then do the land cost calculation. Pay attention to the Incoterms , and calculate the total landed cost before you place your order.
For example, FOB means adding the following three together. You may not know the exact costs of something until after your shipment arrives. In these cases, you need to estimate your costs as accurately as possible. Unexpected fees that may come up during shipping will sometimes result in fluctuations in your total landed cost, which is totally normal.
While you should determine as many of your costs in advance as possible, an informed estimate can go a long way. Then, once you get your actual, final costs, reconcile them against the estimates you used.
Place your order with the vendor, shipper or exporter and identify shipping terms that will be used. What is a proforma invoice? It is a non binding document helping budgeting your future purchases.
It is not a purchase order nor does it creates a legal obligation. Ensure the supplier will agree to shipping under FOB terms from their nearest port or airport as this will greatly reduce your shipping costs and give you more control over the shipment. For example, if you were importing from China and the closest port to the supplier is Shanghai, you would request FOB Shanghai terms. Keep in mind shipping by ocean is indeed quite slow, and this means that certainly requires a lot more long-term planning compared to domestic product purchases.
Besides, the time required to export goods, including documentation, inland travel, customs clearance, and port or terminal handling for a container of goods can cost upto 7 days. In general, we recommend place an order at a minimum 3 months before you need your goods at your door. If you come across a quote that is significantly cheaper than the others, raise a red flag. You should know that there is no lowest price in China, only the lower and lower prices.
Lowest price always accompanies with high risk, maybe quality, quantity or reputation. Not clear means the factory will make the decision for you based on cost saving. Ensure you double check the materials and the manufacturing process of each quote so you can feel confident in the products you are purchasing.
Make sure your supplier has totally confirmed every spec of your target product, including the packaging. International trade is based on mutual trust.
There are many costs associated with shipping goods, including container fees, packaging, terminal handling, and broker fees. In order to get a complete picture of shipping costs, each of these factors should be taken into account. Top 2 things to consider when shipping from China 2. Sea freight 3. Air freight 4. Courier service. Always consider that delays might happen during the process, such as goods might not be produced on time, the vessel might not sail as scheduled, goods might be held by the customs.
Be prepared and plan accordingly. Do not expect your cargo would leave the port as soon as completed in the factory. Missing the day of this week, you will have to wait till next week. Choose a good freight forwarder partner. Logistics is a highly valued aspect of modern business. Shipping costs include both the direct and indirect costs of transporting products from their point of origin to their destination market.
If they get it right, and choose a good logistics provider; they are guaranteed smooth operations, manageable costs, and continuous cash flow. If they get it wrong, at the very least they could have rising costs and wastage. At worst, they could be facing a failing business model that has to be eventually shut down. Companies will continue to lose money if their logistics is not managed well.
Shipping goods internationally takes time. For example, goods shipped from China, on average, take around 14 days to reach the West Coast of United States or 30 days to reach the East Coast.
When a shipment reaches the U. If problems arise that you need to troubleshoot, you should know the steps your goods go through when being cleared by customs of your country. When the goods arrive, make arrangements for your customs broker to clear them through customs and quarantine if applicable. If you choose our to-door service, you can just wait for your shipment arrived at your designated address.
Tell them you will contact them once you review the items and hopefully, make another order. Implementing what you are learning is the only way to succeed in business. Follow these tips and do your research and you can benefit from importing from China. Step forward takes a lot of hard work. Most get stuck on tiny details. You instead need to wake up every day and take the next smallest step you can to achieve that dream. Through making mistakes you learn how to overcome them the next time and make even more money.
Mistakes are a part of entrepreneurship. Learn from others, and learn from your own as well! If this guide intrigues you, at least try to put this stuff into action. Wish you a great success in international trade. Please feel free to let us know if we can assist you in any way.
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