f you are thinking of starting an export business it may seem daunting but there are several things that when adhered to makes the process simple.
If you have buyers ready then all you need to do is follow a few easy rules.
Your supplier must be registered for VAT in order to sell goods for export. If not then you will be obliged to pay then later reclaim from the local powers that be.
The product must confirm with whatever specifications the buyer’s country need in order to be accepted for import.
You will need to check on import tariffs and taxes before you even arrange for transport of your goods. I do this by simply conferring with the customs agent who will be taking care of paperwork for the importer.
Trade defence measures could be applied to your product by the country of import. Such measures may represent a significant cost to be taken into consideration in planning your export. The most relevant are antidumping measures, but there may be also countervailing or safeguard measures. Although your buyer as per the contractual agreement will usually act as the importer and bear such additional costs, these can be an obstacle for successful and sustainable transactions.
Organize your transport and shipping. There are many companies who can make this easy. Prices vary so it is always best to get several quotes. Shipping line timescales vary. Cheaper prices can mean longer sailing times, so it is always better to check.
Ex-works means that you will be liable to pay for internal transport which varies depending on how close the factory is to the container docks. If your agreement with the factory is F.O.B then they will pay these costs.
Then there is customs.
Complete and submit the export declaration.
Identify any additional documents that may be required and plan for the possibility that customs authorities require further documentation or carry out physical checks.
Present your goods for export at the customs offices for export and exit.
Documents required are as follows.
Commercial invoice (with specific requirements regarding its form and content).
Packing list. This will show packet quantities and weights involved.
Import licences (automatic or non-automatic) for certain goods.
Certificates showing your product complies with mandatory product regulations, such as health and safety requirements, labelling and packaging.
Certificate of origin proving the non-preferential origin of your product:
A certificate of (non-preferential) origin may be required in case of import restrictions towards (certain) products from specific countries, the application of trade defence measures or monitoring of dedicated imports. However, also the importer may request such certificate for his purposes.
Your customs agent will take care of all of this and will also issue with the official declaration when complete.
When planning your operation it will be important to meat deadlines. For example, delivery to docks. Customs cannot be initiated until the container arrives. Documents must be presented on time as if late then demurrage fees will come into action and your shipment may not be loaded.
All this may sound daunting, but when your container is finally shipped there is always a feeling of satisfaction.
Good luck with your venture..
