Why importing from china

The contract should also cover what payment is required, when and in what currency , and what payment method will be used. International trade paperwork: the basics. When importing from China your main options are air and sea. If your business needs to transport large quantities but there is no pressure to deliver quickly, shipping by sea may be suitable.

However, if you require your items quickly and with higher levels of security, shipping by air might be more appropriate. If you are importing smaller items you may want to look at importing by post.

The sender must attach a completed declaration form CN22 or CN Read about International transport and distribution and Importing and exporting by post. You can use the Tariff to find the current duty and import VAT rates as well as to tell you whether your goods require a licence. Introduction to the tariff. From the desk your computer is on, to the light fittings above your desk, much of the stuff we see everyday and everywhere was made in a factory somewhere in China.

Then an importer decided to pack it in a 40ft container and ship it over here and if they know what they are doing Make a lot of money doing so. Because it makes for good business when you bring it home and resell it! There are a number of reasons for this:. This is one big reason that Apple the richest company in the world and makers of iPhones and iPads turned to manufacturing in China. They had to do something different and fast to meet the crazy demand from their customers and to remain a profitable company.

That's when they went to China because they already had the infrastructure to produce what Apple wanted. Importing from China isn't as complex as most people think.

Many people think they need to speak Cantonese and travel to China, meet the high MOQ's that the factories demand.

The reality is quite different Select a manufacturer finding a good factory that can produce your product up to your quality specifications is important too - also check for factory overruns. Negotiate the first MOQ and price yes this is where you negotiate price and not a moment sooner. Never stop negotiating! CHIEF also identifies which consignments require examination of goods or documentation, allowing faster entry for low-risk goods.

The majority of goods imported from China to the UK will be subject to the full rate of Customs duty. Some goods manufactured in China may be subject to anti-dumping measures and could require payment of high additional duties, so be sure to double check. There are currently three types of controls:. If your goods fall under the surveillance control, make sure you obtain a licence before trying to import your goods from China.

Exporters will typically seek foreign partners through trade websites and online forums. There are online sourcing directories available, or you can use a professional sourcing company. Examine the Product When you find a supplier, ask them for product samples and information about the manufacturing plants. They should be willing to offer this so that you can get an idea of the quality of the product.

Classification and Calculation Now that you have a product, the next step is to classify it with a ten-digit tariff classification code. Using this, you can calculate the rate of duty for importing. By getting as close as possible to the cost, you will avoid losing customers or earnings.

Placing an Order Minimum orders and shipping agreements will vary from company to company. The majority of companies in China will require an order of at least 10, units per. You can choose to ship your items one of two ways. Carrier airmail is fast, but is better for smaller orders and can be expensive.

Sea Freight is ideal for larger items or shipments and is more affordable. The FLC is cheaper if you have a large enough load to make it worthwhile. If shipping by sea, make sure that you allow plenty of time for arrival. Prepare for and Await Shipment You can make the process a lot simpler by hiring a customs broker. You will also need to submit the initial import documents. These include the following: Packing lists Certificate of origin Bill of lading Customs bond Commercial invoice When the order arrives, be prepared to pay import duties and arrange for pick up and transport of your product.

Check for damages and contact your supplier to inform them the shipment has arrived. Just be sure to do your research, and expect that there will be some bumps along the way. You have to start somewhere, and with a little experience, your business can thrive. Making Payments to China A big part of importing is making the right type of payment to your supplier. How to Source from China to India. The Complete Guide to Sourcing in China.