Learn How to Import Export and Expand Your Business Globally: importexport  — LiveJournal

Learn How to Import Export and Expand Your Business Globally

Learn How to Import Export and Expand Your Business Globally: importexport — LiveJournal

Find out how to jasa import export by adhering to a comprehensive approach certain to maximize your probabilities of achieving success.

 

In the event that you have been contemplating a profession in export import, you have possibly been trying to find classes on how to import export. You have possibly seen several on line courses, several universities and colleges where you’ll be able to devote your time and funds.

This informative article will offer you a straightforward detail by detail instruction concerning how to import export the items you might be considering.

Let’s commence right from the start:

* Write your objectives, get this step as in depth as you are able to, which includes the quantity of funds you would like to make, the hours you would like to function, travel, home, living conditions.

* Truthfully list all of your weaknesses and strengths, regarding your weaknesses. Bear in mind in the event you can’t do it, you’ll be able to usually pay somebody.

* Consider the Product or service you would like to export or import.

* Decide on your organization structure, i.e. lone trader, business partnership and corporation. Usually it’s a good idea to speak to an accountant or business attorney.

* Start your business plan including: executive summary, plan, financial data and supporting documents. Start with an outline and show it to some business people you trust to give honest feedback.

* Name your business, nothing too outrageous; remember it’s best if your name gives a clear understanding of what you do.

* Organize your office

* Work out your product storage and distribution or whether you will be drop shipping products.

* Order your business cards

* Start your market research

* Make contact with: banker, accountant, attorney, freight forwarder, and customs brokers.

* Decide whether you’ll be importing, exporting or both

(Stay with me. I know this process can be daunting but following these steps on how to import export will help you avoid missing important details)

* Research information about the country you are interested in importing or exporting to.

* Research Shipping options

* Find out about potential grants

* Make final product choices.

* Find suppliers

* Ensure you go over all contracts with your attorney

* Research customs procedures

* Research customs brokers

* Work out your product’s ‘Classification’

* Collect all regulation paperwork

* Work out your marketing strategy

* Website

* Research your competitors

* Work out your financing strategy

* How will your customers pay you

* Choose a financial recording system

* Finalize your paperwork for permits, fees etc

* Finalize your marketing and business plans

* Prepare for your first buying trip

Clearly this is a checklist and not a detailed explanation on how to import export, but, ticking off each item will help you to make sure you haven’t forgotten important elements in your import export business.

U.S. Certifies Mexico's Use of TEDs, Ending Shrimp Import Ban

On Friday, October 15, The U.S. Department of State certified Mexico’s turtle excluder device (TED) program, permitting the importation of wild shrimp.

Wild-harvested shrimp and shrimp products from Mexico had been prohibited since April 20, 2010, under Section 609 of United States Public Law 101-162, legislation designed to protect certain species of sea turtles. Friday’s certification is based on findings that Mexico’s use of turtle excluder devices is now comparable in effectiveness to the U.S. program, and coincides with the reopening of Mexico’s six-month commercial shrimp harvesting season.

The Inter-American Convention for the Protection and Conservation of Sea Turtles

Fourteen countries in the Americas and the Caribbean belong to the Inter-American Convention for the Protection and Conservation of Sea Turtles (IAC), which promotes the protection and conservation of six species of sea turtles:

  • The Green turtle
  • Hawksbill turtle
  • Kemp’s ridley turtle
  • Leatherback turtle
  • Loggerhead turtle
  • Olive ridley turtle

All six of these species are listed as endangered or threatened under the U.S. Endangered Species Act, though protection of sea turtles requires the cooperative effort of all countries where the turtles are found. The 14 countries bound to the IAC have agreed to strict measures to protect sea turtles, including the use of turtle excluder devices (TEDs) on all shrimp trawl vessels.

Turtle Excluder Devices (TEDs)

Turtle excluder devices, first developed in the 1970s, have been required for all U.S. shrimp trawlers since 1987, and, since 1989, for trawlers in countries that export wild-caught shrimp to the United States. Shrimp trawlers use fine-mesh nets that, without TEDs, can trap larger marine life, as well as the targeted shrimp. Sea turtles are air-breathing animals, and once they are trapped underwater they drown.

A TED consists of a grid of bars that is incorporated into the net structure, together with a small opening above or below the grid. This combination prevents any bycatch sized 10 centimeters or more from being swept back into the net, and also allows them to escape through the net opening. TEDs are not foolproof, however, since the escape openings can be closed off to prevent the loss of shrimp that can occur through those openings. Concerns about the use of TEDs in Mexico prompted the U.S. action last spring.

The U.S. Prohibition on Importation of Wild-Harvested Shrimp

In March, 2010, the U.S. government announced a prohibition on the importation of wild-caught shrimp from Mexico, although, fortunately for the Mexican fishing industry, implementation of the restriction was delayed until April 20, after the close of the commercial season. The de-certification was based on reports from U.S. National Oceanic and Atmospheric Administration (NOAA) inspectors that shrimp vessels had been observed fishing with closed TEDs.

The prohibition affected wild-harvested shrimp only. Farmed shrimp were excluded from the import ban, although shrimp trawlers account for most of the exports to the U.S., estimated at more than 250 million dollars in 2009. Fortunately for Mexico, the ban was imposed just after the six-month commercial season ended, and has now been lifted as the season resumes.

The U.S. Government’s Re-certification of Mexico’s Shrimp Fishing Practices

On Friday, October 15, 2010, the U.S. Department of State released a notification that Mexico was again certified under Public Law 101-162, based on a determination that the use of TEDs was now comparable to practices in the U.S. Since last April’s ban, Mexico has implemented an action plan to improve the shrimp trawl fisheries’ protection of sea turtles through improved TED use.

This action lifts the prior ban, and once again permits the importation of Mexican wild-harvested shrimp into the United States. In addition to the commercial fisheries exports, tourists also are permitted to bring wild-caught shrimp back into the U.S.

U.S. Government Plan to Increase Import Security: Creating Safe Ports with the Importer Security Filing

U.S. Customs and Border Protection has recently began to enforce a new program designed to enhance import security. By requiring cargo-related information to be sent to customs before leaving a foreign port, data can be analyzed for potential security risks. By changing processes and obtaining information earlier, the trade community has made adjustments to follow the mandates of this program as customs begins enforcement.

Port Security Concerns

Since September 11, 2001, the Department of Homeland Security and U.S. Customs and Border Protection have become increasingly aware of the threat posed to the United States from terrorism. The Trade Act of 2002 and the Security and Accountability for Every (SAFE) Port Act of 2006 laid out requirements to provide more visibility to ocean cargo entering the U.S. To meet these requirements, the Importer Security Filing and Additional Carrier Requirements rule was made effective on January 26, 2009. Customs provided a “flexible enforcement period” for the first 12 months.

This new program requires ocean carriers and importers to provide shipment-related information through an Importer Security Filing (ISF) to customs before the freight departs a port overseas. The idea is to bring more transparency to ocean cargo shipments and allow customs to target freight that is a potential security threat.

Using Information to Create Safe Ports

In order to screen incoming cargo more effectively, importers (or their agent, such as a licensed customs broker or a freight forwarder) are required to submit 10 data elements plus two from the ocean carrier with an ISF-10 filing. Therefore, the program is commonly referred to as “10 + 2.” For shipments that are transiting the U.S. (for example, shipments arriving at a U.S. port but destined for Mexico) five elements need to be reported along with the ocean carrier’s two, called an ISF-5.

The ocean carrier is already responsible for filing advance cargo information via the Vessel Automated Manifest System (AMS). With the 10 + 2 program, all vessels that transport freight containers are also required to provide the vessel stow plan with standard vessel information and container details, and all of the container status messages that record container-related events.

The 10 pieces of information for U.S. bound cargo are:

  1. Importer of Record Number
  2. Consignee Number
  3. Seller (Owner) name/address
  4. Buyer (Owner) name/address
  5. Ship to Party
  6. Manufacturer (Supplier) name/address
  7. Country of Origin
  8. Commodity HTS-6
  9. Container Stuffing Location
  10. Consolidator (Stuffer) name/address

The five pieces of information for goods transiting the U.S. are:

  1. Booking Party name/address
  2. Ship to Party
  3. Commodity HTS-6
  4. Foreign Port of Unlading
  5. Place of Delivery

The filings are submitted electronically via AMS or the Automated Broker Interface (ABI). An ISF must be submitted at the lowest bill of lading level entered in AMS (in most cases, this is the house bill level). The ISF-10 data elements of manufacturer, country of origin, and commodity HTS-6 code are required to be linked at the line level. Therefore, ISF’s containing different commodities or manufacturers will have multiple lines and be more complex.

Enforcing the 10 + 2 Program

Not all importers jumped on the 10 + 2 bandwagon when it first became effective. In fact, some waited until just before the enforcement date of January 26, 2010 to become involved. Customs had stated that once the enforcement period began, failure to comply would result in penalties starting at $5,000 per ISF transaction and shipments being held at origin.

Just before the enforcement date, Customs announced to various media sources and the National Customs Brokers & Forwarders Association of America (NCBFAA) that they would take a gradual approach to enforcement. The Frequently Asked Questions for 10 + 2 on the Customs and Border Protection (CBP) website was updated to explain, “CBP will apply a measured, common sense approach to enforcement.” It goes on to warn importers that this approach should not be viewed as an extension of the flexible enforcement period. Instead, customs will start enforcement with warnings and possible examinations of non-compliant shipments. Then they will gradually escalate to issuing penalties and placing cargo holds.

Balancing Import Security with International Trade Practices

Maintaining safe ports without disrupting international trade is a difficult balancing act. While the 10 + 2 program does provide more information early in the shipping process, it adds another layer of reporting and cost to international business transactions.

Customs has responded to some of the global trade community’s concerns, yet they remain firm that this program is here to stay and importers must adjust to it. Only time will tell if the goal of keeping ports safe with tighter import security is achieved.

How to Start Importing From China, Vietnam Import Opportunities

USING BANK WIRE TRANSFER SERVICE

This is the payment service I strongly recommend for all who are interested in the import business. THE FOREX traders know what I am talking about; how fast and easy this service is. It is payment system where you have to partner with your bank to make the fund available to do your transaction without traveling abroad.

PROCEDURES

Open a double account (saving or current/dollar account or pound account) if you are new to the bank. The dollar account is for foreign transaction. Ask your bank and can open the account for you for as low as $100 dollar. It is easier when you are already operating account with the bank. Because it is advisable you open your dollar account with the bank you currently banking with. In this case all you need to do is just open dollar account only.
The service is very easy. All you need to do is provide the bank with the necessary information about the supplier you are buying goods from; the bank takes care of the rest.

WHAT YOU SHOULD KNOW BEFORE OPERATING DOLLAR ACCOUNT WITH ANY BANK

Exchange rate offered. Because of certain authority banks have they can influence the exchange rate. Go for the one that offer cheap exchange rate.

Finance Charges for the Wire Transfer. Banks charges for transfer vary. Some banks charge $26 per transfer and another 1% of the amount transferred. If for instance you transferred $300 you will be charged $26 and 1% of $300 which is $3 meaning you are only paying bank charges of $26 + $3 = $29 for $300 transaction. Though some are more dynamic, just make sure you get the cheapest. Take advantage of the dollar fall in value now to start using the service.

For more information on these services, I advice you contact your bank or public department of other banks or better still, visit their website where you could get information on their services and compare them.

CHEAPEST AND STRESS – FREE WAY TO GET YOUR GOODS DELIVERED TO YOUR DOOR STEPS

No doubt you will look forward to seeing the goods you ordered delivered to you within the limit. I remember an importer who specializes in the importation of clothes from China narrating a story on how he lost his goods to custom; how on different occasions the customs seized his goods for many months only to release them when the clothes had started tearing because of mucous and excess heat. But with the cheapest way I am going to reveal to you, you can receive delivery of your product which includes: paying the cost of the goods plus courier delivery charges, which are charge per kg; delivered to your doorstep.

How to Import Japanese Cars to Britain

Step 1

Locate an exporter of the type of vehicle that you are interested in online using a service such as findjapancars.com which connects you to reputable exporters. Avoid anyone who wants full payment upfront before shipping the vehicle. That person will help you locate and purchase your desired vehicle.

Step 2

Receive, complete and return a Pro-Forma Invoice to the exporter to finalize the purchase agreement. Verify the information on the Pro-Forma invoice is correct in regards to the vehicle and the financial details of the transaction. Fax the invoice back to the exporter to confirm the transaction. Submit payment to finalize the purchase and get the vehicle shipped. Receive vehicle documentation from the exporter confirming the vehicle has been shipped.

Step 3

Locate a Shipping Agent online or by visiting the customs office to get the vehicle cleared upon arrival from Japan (See Resources). Pay the shipping fee, the 10% Import Duty, Customs Duty and 17.5% Vat. Pay the Shipping Agent as well for the clearance services. Register the vehicle and prepare it for the SVA test by completing the Application form (See Resources).

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Step 4

If the vehicle is less than 10 years old it will need to pass the Single Vehicle Approval (SVA) inspection to make sure it is suitable for UK roadways. If it is over 10 years old it will need to be UK street complaint and need additional testing determined by the Vehicle and Operator Services Agency (VOSA) on location. Get the car compliant to meet UK regulations yourself or by taking it to a mechanic.

Step 5

Make sure the vehicle is left hand drive which most vehicle Japanese vehicles are and the headlights dip to the left. The speedometer must also reflect Miles per Hour not only Kilometers per Hour. A rear fog light must be fitted to the right side on the rear of the car. There must also be side indicators and rear seat belts fitted to the vehicle. Once the car passes inspection get it insured to legal drive it in the UK.