With international trade growing, China has signed free trade agreements with more and more countries, allowing goods to flow freely between the two countries. For import traders, many of China's good products are inexpensive, and importing goods from China is a great option. But how to import? For some new importers, this is an urgent question. Here we will provide you with some advice to help you learn how to import from China successfully.
1. Find, compare and ask more suppliers
Establishing a good relationship with suppliers can help you avoid risks to the greatest extent. In the process of screening suppliers, you can refer to comparisons by learning more about and analyzing their business activities and corporate image on the Internet. If you are not sure whether the supplier is reliable or have doubts about the products they sell, the best way is to contact your local purchasing agent to check them out for you to get detailed information. Our company can provide professional factory inspection services to customers, if you need, you can contact us.
2. Consult industry experts or people with experience
It is ideal to consult with industry experts or experienced people who can advise you according to your situation. They are familiar with the operating procedures in the industry and will provide you with professional and accurate guidelines.
3. Shipping cost consultation
Shipping is one of the cost expenses that has an impact on the final price of the product. If you don't know how to transport your goods from China to the place you specify, you can entrust this task to a freight forwarder. They have the knowledge and experience to help you get the goods to your specified hungry place. Our company has many years of experience in international transportation and can provide you with quality freight services, feel free to contact us for more information.
4. Customs clearance documents
In general, the documents required for product import customs clearance are commercial invoice, packing list, transport documents and certificate of origin. (Transportation documents: Air: AWB, Sea: MBL)
5. Payment method
There are many ways of payment, which payment method should be communicated with the supplier. Advance payment by transfer is one of the most common payment methods. The customer pays 30% or 50% to the supplier in advance, and then pays the rest of the final payment upon delivery. No matter which payment method is used, a deposit is required to be paid to the supplier first.
6. Choose the right INCOTERM
INCOTERM is a set of trade rules that clearly indicate the allocation of costs between the buyer and seller transaction (port handling, insurance, customs at destination, etc.), the place of delivery (port, airport, customs, final consumer, etc.), and the rights and obligations of each party to the contract. The chart below clearly shows the differences between each INCOTERM.
7. Understand trade boundaries
Find out what products are allowed to be exported from the exporting country and what products are allowed to be imported from the importing country. In addition to checking the relevant information on China's customs website, you can also consult with the customs agent of the importing country.
8. Understand taxes and tariffs
It is necessary to know the rules of origin, applicable trade agreements, and taxes and tariffs between the two countries.
9. Insurance
In international trade, it is absolutely wise to insure your goods to avoid risks. This service can be entrusted to a freight forwarder.
Written by karla
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