Mitigating Risks in Chinese Imports: What You Need to Know?
Focusing on the "Grow", here are some simple tips:
1.???? Brand and Product:
(Choose your brands carefully and categorize products correctly.)
2.???? Category categorization:
(a. Compliance and accuracy: Product classification ensures that each product can be correctly assigned to the corresponding HS code based on its function, material, price or user needs. This helps your? comply with international trade regulations and reduce classification errors. legal and financial risks arising.
b. Compliance with export requirements: Products have corresponding HS codes, and different product categories have different export requirements, especially for sensitive commodities such as liquids, solids, batteries, and solid wood. Through precise classification, companies can ensure that their products meet the export regulations of specific categories and avoid additional costs and risks caused by illegal exports.
c. Distinguish between ordinary and dangerous goods: Correctly classify ordinary goods and dangerous goods to ensure that they are not mixed and transported, thereby reducing safety risks during transportation and ensuring cost control)
3.? Import Documents:
(a. Sometimes, due to the inability to provide the necessary certificates, the customs at the port of destination may require customers to send samples to the laboratory for testing, which will extend the customs clearance time and may cause customers to wait an additional 1-2 months to receive the goods. In response to this situation, we recommend taking precautions to ensure that all necessary documents and certificates are prepared before the goods depart and fully comply with the import requirements of the destination country. This can minimize customs clearance delays and ensure that the goods can reach customers smoothly and quickly.
?b. Rules of origin: Many countries strictly review the origin of goods to ensure that imported products receive appropriate trade preferential treatment. Enterprises must be able to prove the origin of the goods when importing and provide the necessary certificates of origin. The absence or error of the certificate of origin may result in the inability to enjoy tariff preferences, thereby increasing import costs.
?c. Legal risks: In import and export business, enterprises face legal risks such as contract disputes and intellectual property issues due to incomplete or incorrect documents. This may lead to the risk of goods being detained, additional storage costs, and delayed delivery.
?d.Logistics risks: Correct import documents are essential for logistics arrangements. Document errors can cause delays in cargo transportation and add additional logistics costs. For example, incorrect bill of lading information can cause shipping delays.)
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?4.Payment Methods:
(The correct payment method has a significant impact on the shipping schedule and delivery time of goods. If it is EXW (Ex Works) or FOB (Free on Board), the customer's payment time is crucial to the shipping schedule. If the customer does not pay on time, it may cause the shipping schedule to be delayed. Our customer AAJ was anxious about the delivery date, but because he did not pay on time, the shipping date and the arrival time of the goods were delayed.)
?5. Diversify Import Sources:
( In our early projects, the single supplier of the product quoted a higher price due to lack of competition. This strategy prompted the original supplier to reconsider their pricing as we brought in new, more competitive suppliers and allocated orders accordingly. Now, our new projects benefit from a diversified supply chain, which gives clients' products more advantages in market competition. Diversifying the supply chain can help reduce costs, increase flexibility, and ensure supply stability)
?6. Packaging and Labeling Requirements:
(Ensure the product regulations of the exporting country and the safety of packaging materials to guarantee the safety of imports)
Export stuff has to be on plywood pallets or in wooden boxes. If it's solid wood, it needs to be fumigated or have a mark that says it's exempt from fumigation or a stamp showing it's been fumigated.
?Countries like the U.S., Canada, Australia, and New Zealand are strict about raw wood or packaging. They need a fumigation certificate from the exporting country to accept the goods. If not, there could be fines or the goods might be sent back.
1.Solid wood packaging might need to be removed or replaced before shipping.
2.LCL exports don't accept solid wood.
3. Fill the boxes with stuff like toilet paper, tissues, or small clothes to keep the items from moving or getting damaged during transport.