THINGS TO KEEP IN MIND WHEN IMPLEMENTING THE PROCESS OF IMPORT AND EXPORT OF GOODS

The process of importing and exporting goods is considered quite complicated, so mastering the principles of implementation will help businesses easily work with customs agents, or minimize the risks that may arise if the enterprise operates this activity on its own.

1. Apply for a license to import and export goods

For exported goods, depending on each different item, you need to apply for an export license or not. For products subject to special management, restrictions or conditional exports, it is mandatory for enterprises to have licenses of competent authorities to take the next steps.

The above provisions apply the same to import activities. Not only that, imported goods in countries must also undergo strict inspection to ensure the best quality of products.

2. Renting a means of transport

• For exporters

- Contact the shipping agent for information on schedules and rates

- Select reputable carriers and appropriate shipping. In addition, other services such as loading and unloading may arise.

- Delivery to the carrier, the carrier signs the delivery record.

- Provide additional information to the carrier

- Exchange receipts or minutes for bills of movement and payment of charges.

• For importers

The operation of hiring means of transport is the same as the exporter. However, the importer should coordinate with the exporter to know the schedule, name and transport number, departure time, expected time of arrival,... for the convenience of the work of the two parties.

3. Buy insurance (if any)

The purchase of insurance is not required for importers. However, in order to avoid losses and risks that may arise during international transportation, the importer should consider buying goods insurance with the same activities as the exporter.

The insurance process covers all of the following stages:

- Storage time,

- Waiting for transportation and transportation

- Waiting for the owner to receive the goods back

- According to the provisions of each specific insurance condition.

4. Customs clearance

Before delivering goods to means of transport, the exporter must declare customs for the export shipment, the customs clearance of goods shall comply with the regulations of the local country.

Customs clearance procedures for imports are similar to customs declarations of exports. Attention should be paid to the goods code and the tax payable. If applying the wrong code is easy to lead to many problems, so the staff in charge needs to have in-depth knowledge of import and export to limit errors in this process.

5. Confirm payment

One of the extremely important issues in the import and export of goods is payment. In fact, the difficulties in this process often bring great risks for both exporters and importers.

Therefore, it is necessary to carefully check the terms, commitments set out in the contract and choose the appropriate form of payment to minimize the problems that may arise. Especially in the event of a dispute or complaint, having a contract that is strictly compiled will also ensure the interests of both parties when cooperating.

As one of the units with nearly 20 years of experience in the field of import and export goods, Nhat Minh Tan Company (NHAMITA) is the name that customers should choose when they need to export / import goods. We are proud to have successfully cooperated with many large enterprises and corporations in Vietnam, with fast delivery time and extremely reasonable costs.

Besides, NHAMITA is committed to always putting the interests of customers first. Therefore, we design a clear cooperation roadmap, balancing the interests of both parties with the goal of ensuring progress and work efficiency. In particular, the staff has professional knowledge and experience when dealing with situations that arise during the import and export process, which is an outstanding advantage to help NHAMITA increase its competitive advantage with other units in the market.