The import and export industry are growing daily, helping promote goods circulation and expand markets for Vietnamese businesses. Increasing imports and exports helps increase revenue sources and develop the economy. Exports bring abundant income, helping to improve import activities, serving production, and domestic consumption.
Step 1: Apply for a license to export goods
When there is a need to export goods to foreign countries, enterprises need to apply for an export license. Some items, such as rice, books, newspapers, pearls, gems, and collectibles, are entitled to export as long as they conform to the business registration contents of the enterprise.
Step 2: Packing export goods
Exported goods are usually packed in bags, bales, and containers marked with codes, letters, or pictures outside the packages to show the necessary information to deliver, load and preserve goods better.
Enterprises need to buy cargo insurance for exported goods. Because when the shipment is in transit, it will be difficult to predict if there is a problem or trouble. It has a significant impact on the cost and economy of the business. Cargo insurance helps to minimize possible damage.
Step 3: Order transportation
For export goods, enterprises must hire means of transporting goods. It uses containers to pack goods and ship by sea for large shipments.
Step 4: Do customs procedures
Mandatory regulations when exporting goods are customs procedures, including declaration, presentation of goods, and implementation of customs decisions. After completing the practices, the enterprise delivers the goods to the ship for transportation to foreign countries.
Step 5: Complaints and complaints handling
If the goods are damaged or damaged, the parties will jointly settle them according to the contract.
Step 1: Sign the contract
Buyers and owners of goods need to sign a contract to agree on terms when purchasing and transporting goods to ensure rationality between the two parties.
Step 2: Ship the goods
The liability of each party will be according to the agreed contract. Including scheduling the ship, delivering the goods to the port of departure (the seller’s duty), or carrying out procedures to receive goods at the destination port, loading, unloading, and transporting to the warehouse (the buyer’s task).
When importing goods, enterprises need to actively monitor the packing progress, schedule, and shipping information to ensure timely updating of goods, avoiding risks during transportation.
Step 3: Do customs procedures for importing goods
Depending on whether the goods are imported by sea or by air, the enterprise will carry out customs procedures: pay import tax and present documents on the shipment to the control unit. It will hand over the goods to businesses after completing customs procedures.
For imported goods, it is necessary to pay tax according to the state’s regulations; the new business can receive the goods.
It also requires a set of documents for customs documentation. The request must be the original documents, so when shipping the goods, the buyer must ask the seller to send the original documents.
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Step 4: Receive the goods and deliver them goods to the warehouse
After completing customs procedures for importing goods, businesses can transport the goods to the warehouse. After unloading, it returns empty containers to the port of entry for goods imported by sea.
Import and export documents required
– Commercial contract
– Commercial invoice
– Commodity detail slip
– Bill of lading
– Customs declaration
Other documents include letters of credit, insurance, certificates of origin, quality, inspection, and quarantine documents.
Some concepts in import and export
CO CQ: CO (Certificate of Origin) is a certificate of origin, and CQ (Certificate of Quality) is a quality certificate.
Incoterms (International Commerce Terms) are rules about parties’ responsibilities in international sales and foreign trade contracts.
UCP (The Uniform Custom and Practice for Documentary Credits) – list of uniform rules for documentary credit operations.
Letter of Credit: this is a commitment used in payment issued by the bank at the importer’s request. Written to promise that the buyer will pay within a certain period if the seller provides enough valid documents.
If the business has yet to gain experience in importing and exporting goods, using the services of a unit specializing in importing and exporting goods will be the most optimal solution. Helping businesses focus their time on commercial production activities. Contact Fin Logistics now:
– High expertise, mastering the import and export process of goods, how to make documents, customs procedures
– Knowledge of products and markets
– The staff is caring, agile, has a high sense of responsibility, professional skills, and good foreign language ability to help carry out import and export activities smoothly.
– Save time, and optimize costs for businesses.
– Import and export services of significant products of the Vietnamese market, such as textiles and garments, telephones, electronic products, components, machinery, equipment and spare parts, wood and aquatic wood products, and seafood.