Tag Archives: payment

Tips For Starting A Business Of Import / Export

30 Sep

Thinking of starting an import / export? Maya, a Certified Import / Export Trade Professional offers these tips to get started:

  1. Many countries have set up offices (Consulates or Embassies) abroad to promote the export of their products. Consulate will provide you with industry directories and more. The embassies are located in the capital of a nation and consulates in different cities. In many cases, the Embassy web site will contain directories and manufacturer lists, as well as an email link you can use to power
  2. To import products, please contact the Consulate of the country is in their own country. If you are not sure of the products of another country wants, you can get catalogs and manufacturers.
  3. Contact the service rate in the country to ask about registration numbers or other procedures to be followed. For example, if you are Canadian, you need a registration number issued by the Canada Customs and Revenue Agency (CATA). Reporting to the CCTA of your plans to import or export, which emit an extension of your business number. This number is used in all documents.
  4. Learn about licensing requirements, if any. Many countries do not have the necessary permits for most products. However, if you are importing or exporting hazardous products (drugs, alcohol, chemicals, weapons, food and some clothing), you may need a license. “I recommend that people start out with low risk items that can be easily traded and have fewer obstacles such as gift items and consumption,” said Henzel. “Some industries, such as dairy, are guarded by lobby groups in some countries. You will find the fees and restrictions.”
  5.  Embargoes must create trade barriers against other countries. Many countries have embargoes against Cuba, for example. First of all, please contact the government, if there are restrictions or embargoes against the country you are considering. Next, contact the embassy of that country, if there are restrictions against goods in your country.
  6. Participate in the local crafts of the State (Chambers of Commerce, or if there is no local council of Commerce). In addition to the network, you can use for scientific libraries and other resources, offers a good business relationship with information.
  7. Use customs brokers. “Small businesses attempting their own documentation can be run on the delays at the border. If you make a mistake, you may be fined,” said Henzel. “A customs agent service is well worth the fees you pay. “
  8. When exporting, understand that a solution for the delivery and customs clearance services that works in every situation. Each contract is different. Every company and every series of products requires a different type of services or a combination of services. Engaging the services of the forwarder is one possibility. Forwarders arrange shipping and customs for goods going to other countries. “You have to buy these services and do your research,” Henzel explained. “A lot of questions. It is no different than buying a piece of furniture. Shop around first.”
  9. Familiar with Incoterms, as posted on the website of the International Chamber of Commerce (http://www.iccwbo.org/index_incoterms.asp). Incoterms are standard trade definitions that dictate the delivery and payment obligations of both parties. The two companies involved negotiate Incoterms for each deal. The best known Incoterms are EXW (Ex Works), FOB (free on board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid) and CPT (Carriage Paid). “You negotiate according to the Incoterms,” ​​Henzel said. “You decide who pays the costs of transport, who pays for insurance, etc.”
  10. Check with your bank for more information about credit cards, the most common form of payment in international negotiations. With a letter of credit, reduce risk and because the banks assure that the goods are delivered before the money is exchanged. As an importer, a Letter of Credit reduces the risk of having to pay upfront for goods or pay for goods that are inconsistent with the product description in the letter. As an exporter, you can be sure the buyer’s bank will receive the payment provided for the delivery of products as specified in an agreed period.
  11. Participate in trade missions. Check with your Chamber of Commerce or the local Chamber of Commerce to find out what is available.
  12. Finally, look to the Internet for more information on international trade. Many Web sites offer a range of information, you can access for free, including the website Henzel (www.importexportcoach.com).
Advertisements

Single window clearance system covers 5 major ports

22 Sep

Despite having not yet covered all commodities, the implementation of the mandatory National Single Window (NSW) scheme at the countrys five major ports has progressed well, a government official says.

Director-general of Customs and Excise Thomas Sugijata said the mandatory NSW implementation for imports and exports had been fully implemented on the countrys five ports as originally scheduled.

As part of trade cooperation with other members of ASEAN, Indonesia has gradually implemented the NSW integrated customs and clearance system on inflows of goods from and to five major ports sincelast year.

The national mandatory of NSW system on imports was simultaneously implemented on Jan. 18 at five ports – Tanjung Priok Port in Jakarta, Tanjung Perak Port in Surabaya, East Java, Tanjung Emas Port in Semarang, Central Java, Belawan Port in Medan, North Sumatra, and Jakartas Soekarno-Hatta International Airport.

In regard to exports, the system was gradually implemented, begun at the Tanjung Perak on Jan. 18, at the Tanjung Emas Port on June 19, at the Belawan Port on July 13, at Tanjung Priok Port on Aug. 5, and at Soekarno-Hatta on Sept23.

During the period from January to June, at least 63,655 import documents have been processed via the NSW portal, 60.56 percent of which were licensed.

During the same period, 14,749 export documents were processed through NSW portals, 75.10 percent of which were unlicensed.

Susiwijono acknowledged that the national mandatory of NSW implementation for exports had been slower due to sensitive customs clearance procedures.

“We have to be more careful in carrying out the mandatory NSW implementation for export,” he said. For imports, any delays in clearing containers from the port terminal would only result additional storage fee of US$20 per container per day, whereas delays to the customs clearance of exports may lead to the shipment being cancelled.

For many business players, the NSW as an integrated customs clearance procedure had not yet covered all the documentations needed in import and export activities.

EG Ismy, the Indonesian Textile Association (API) secretary general, said that banking and tax payment process had not yet been linked to the container clearing process.

“Importers still have to show payment documents directly to the customs officials when they want to clear containers from the port terminal, instead of simply carrying out the payment online,” he said.

Coordinating Economic Minister Hatta Rajasa said the mandatory NSW implementation on both ex-ports and imports should be carried out in stages due to lack of capable human resources and inadequate supporting infrastructure

“Its still not perfect But, we will continuously improve the system,” he told The Jakarta Post recently.

Compared to other ASEAN member countries, Indonesia had the most advanced NSW system in terms of providing real-time customs clearance process albeit weaknesses in its implementation, he said.

Meanwhile, Susiwijono Moegiar-so, the csustoms and excise information director at the Directorate General Customs and Excise, said the NSW, which was formulated in 2007, would not only simplify the customs clearance procedure but also the port handling system in order to support export and export activities.

“It provides data validity and accuracy enabling to acquire real-time customs clearance procedures,” Susiwijono Moegiarso, Customs and Excise Information director at the Directorate General of Customs and Excise, told the Post recently,