Friday, 15 August 2014

Understanding Shipping Terms and Responsibilities - First Time Importers

It's always important to understand what you are getting yourself into when purchasing something from overseas. Here is a table and simple diagram that can assist you to understand some shipping term jargon.
Incoterms - the foundation for the interpretation of trading terms between countries.



The seller’s number one goal is to produce/supply a good; they are not specialists at moving freight which is why you would need a freight forwarder.
Prior to purchasing goods it is best to contact the seller and discuss their selling terms. The above diagram and table can shed some light to what it all means.
If you have any further questions it may be a good idea to contact a freight forwarder who is also a customs broker, they can answer any questions you may have about moving freight and also clearance of the goods once they reach their destination.
The advantages of having a freight forwarder who is also a broker is they can be in control of the whole process and you just need to contact one company.

The freight forwarder will liaise with their agents in said country and get the best price for moving goods from seller to wharf onto ship.

You do not want to be in a situation where your goods have arrived at their destination port and waiting collection pending clearance and then have to go through the stressful process of clearing the goods. Storage at the wharf or depot can add up quickly.

A customs broker is experienced and has an extensive overseas agency network and fully experienced staff to handle all aspects of importing efficiently and effectively.
Your agent would be taking care of any customs charges, australian port charges, cartage and any quarantine charges if applicable and forward these charges all on one invoice to you.

Its always a good idea to do your research Australian Customs and Border Protection is always a great place to start. If you are starting your own business Small Business Mentoring & Small Business Corporation are other great places to get helpful relevant information.



www.powercustoms.com.au – With an extensive overseas agency network and fully experienced staff, Power Customs has the ability to handle all of your import airfreight requirements efficiently and effectively. Call us on (03) 9600 2290


   

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