The transportation sector can be a lot to deal with, especially if you are new to the field. There are many terminologies, hidden feeds and strategies that may confuse you initially, but with time and experience all would eventually come to you. In this article we would be discussing certain terminologies that you should be aware of if you ship from China to USA or if you ship from China to UK. Either way, the following terms should be understood:
FOB
FOB stands for Free on Board which essentially refers to the fact that everything you load on to the container is free of cost. Your supplier receives return when he adds the cost into the price of goods. This is the most convenient way with no hidden fees involved.
EXW
EX-Works or EXW refers to you (the buyer) paying all the costs for door to door delivery; either in UK or USA. This can be a little hard to manage compared to FOB because you need to be aware of all the costs and methodologies.
CIF/CFR
CIF stands for Cost, Insurance & Freight while CFR stands for Cost and Freight. They are similar to another and in this case, the supplier pays all the cost and insurance though the buyer which is probably you; will have to get started on the work once the goods reach the destination.
Everything to know when you ship from China to USA
When your goods ship from China to the USA be sure that you have:
Evaluated all your options and chosen the mean of transport you find best.
Have calculated all your costs and fees concerns
Have a local license or an official agreement to avoid mishaps
These are the three most crucial points you must remember when you import goods from China or even in general from any region. Being specific to USA, the freight means can be via air or sea for large shipments. Amazon FBA is also a good choice when it comes to ship from China to USA.
For a successful shipment across the lands/sea, you should have an OBL (Ocean Bill of Lading) or an AWB (Air Waybill). Also a local license would be great. Other than that the entire procedure would depend on the choice you make.
Everything to know when you ship from China to UK
While importing goods from China to UK, you should keep in mind the above-mentioned points. Additionally, when you ship from China to UK, make sure that have paid the UK duty and VAT. This tariff is to be paid if you want your goods to reach British grounds. This tax is a part of customs clearance which you ought to clear at all costs. Afterward, depending on your cargo weight and your mean of transport (air or sea) you shall be able to ship from China to the UK without trouble. If you are having a hard time understanding the procedure, you can always refer to middlemen, your supplier, service provider or the internet for having a detail explanation on licensing, logistic calculation and most of all, for advice.
Source:
https://shane896.hatenablog.com/entry/2018/04/12/103123
