Mind map import process

Mind map import process

1. 1.- What to import: If you are not clear about which product to import, you can search them through the Chinese portal Alibaba, where you will find companies and their offer classified by category.

   • 2.- Where to certify the veracity of the Chinese exporting companies: One of the bottlenecks when importing is to know if the company with which it is wanted to do business exists or not. Although the Chinese government does not manage an official directory, the Chamber of Commerce of Asia Pacific has made great efforts to create a database that certifies and confirms the legal registration, import / export permits, experience, payment capacities and states Exporting companies.
     • 3.- Contact with exporter: "To do business you have to be friends", as the Chinese point out when starting negotiations with any Westerners. For this reason it is crucial for the success of the import to maintain and develop direct contact with the exporter.

2. While this relationship can be built via email, experts in the field recommend, over anything else, the contact "person to person" and travel to China to know the exporting company. If this is not possible, one of the alternatives that facilitates and ensures that the business becomes a reality, is to hire the service of a trader. The trader is the person who acts as a bridge between the supplier and the buyer.

   • Usually not only handles the Chinese, but also the cultural codes, fundamental at the time of closing a transaction.
     • 4.- Sample of the product: One way to assure the quality of the imported cargo is to request a sample of the product. However, you have to be very careful when closing the transaction, since the blind trust in the sample, does not ensure the quality of the complete shipment. For this reason the service of the Trader is recommended if there is no option to travel to China. If you do not take either of these alternatives, you will always run the risk of defective shipments.
       • 5.- FTA Benefits: It is essential to find out about the benefits of the trade agreements determined in the Chile-China Free Trade Agreement. Knowing if the required product has customs and customs advantages can be decisive in the importation.
         • 6.- Definition of payment methods: The most common and validated internationally are documentary credit, foreign or bank collection and payment (anticipated). The foreign or banking collection refers to the payment through commercial banks corresponding to each country. It is necessary to underline that in this type of payment, the bank only complies with the instructions given by the drawer.
           • Payment in cash is the most risky, although if the company meets all the certification requirements can provide greater security at the time of the transaction. If the transaction is performed by a certified intermediary or Trader, the risk of scams in this regard is reduced.
             • 7.- Shipping, freight contracting and insurance: If the purchase agreement agreed by the parties (Incoterms) obliges the supplier to contract freight and / or insurance, it must do so and confirm to the buyer the means of transport that will carry the Merchandise, departure date, flight number, boat name, trip delay time and estimated arrival date.
               • If there are no clauses that hold the provider responsible for these services, you must arrange the delivery of goods in a place established by both. The transport is complete responsibility of the buyer, in addition to the coordination with a customs agent the receipt of the products in port of arrival and the internment.
                 • 8.- Receipt of products: Upon receipt of the product at the customs office of entry, the customs agent will proceed to the customs procedure that allows the admission of this, the payment corresponding to the taxes and levies to which it is released. The importer will receive from the commercial bank the documents that will serve the agent to carry out the customs destination.
                   • 9.- Customs procedure: This stage is also carried out by a customs agent, having under its responsibility three important aspects: the customs valuation, where the payment of the taxes is determined. The tariff classification, which establishes the tariff preferences that have the products to be negotiated in the FTA. And finally, the description of the goods and inscription of the products in the Customs databases.
                     • 10.- Withdrawal of merchandise: When the acceptance of the income is declared. Customs determines the selection of Capacity, being able to determine Physical, Documentary, or Without Revision
                       • If the operation is selected for "Physical Capacity" or "Documentary", when the internal charges are canceled, Customs officials certify that there is a concordance between documents and physical merchandise contained in the shipments, in addition to supervising

3. China transport route to colombia

   • Shanghai - Buenaventura Transit time 30 days direct connection

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