New importer - step 2
Step Two: International Commercial Terms and Industry Jargon
International Commerical Terms
Your supplier/s will offer you a quote for your goods under a particular Term of Trade. What this means to you is that, depending on what Term of Trade your supplier chooses to move your goods under, will depend on where the supplier responsibility for the cargo ends and yours begins.
Please download our International Commercial Terms Document to educate yourself on the industries terms of trade.
Special Note on Terms of Trade: Just because your supplier says to you he/she wants to quote you under a particular Term of Trade, say CNF. Does not mean you have to accept this particular term. You are able, in most circumstances, to negotiate a term of trade, say FOB or Ex-works, if it is more suitable to your needs.
China usually operates on FOB terms and USA and Europe are generally Ex-Works.
Terms & Abbreviations
Within our industry there are many terms and abbreviations that are used everyday and if you don’t familiarize yourself with these, you will be wondering what you are being charged a CAF & BAF for or why your goods are OOG? Or you could perhaps delay your shipment by not organizing the appropriate paperwork!
Please download our Terms & Abbreviations for more information on the most commonly used industry terms.
Your Check List
Last but not least, please download our import / export checklist to ensure you give your freight-forwarder the correct information and paperwork in the first instance.
Things to Consider Prior to Working out your Costs
1. Tax and duties will not be included in your costs but you will need to consider them as they will be a large portion of your import costs.
Duty is a particular % (depending on your commodity) of the FOB value. The FOB value is the cost of the goods, plus any overseas FOB charges. FOB charges being any cost to get those goods on a vessel. Usually if the importer has purchased the goods under FOB terms, they can assume the value on their commercial invoice is the FOB value. Duty is a % of that amount.
Tax is 10% of the CIF value + the duty amount from the above formula. The CIF value is the cost of the goods, the marine insurance, the freight amount to get the goods to Australia and the duty amount. Tax will be 10% of those values.
STEP 3 » (Quote form)
To and from any part of the globe - Our long established worldwide network of international agents, auto tracking, cargo consolidation and pre-alerting reports allow us to provide our clients with the most efficient and cost effective international sea and airfreight service available.
We have developed "EZY EXPORTS" - a no fuss, one step system which takes pressure off you, the exporter.
All bookings, documentation and pre-advice of all costings are handled in one ezy step. With dedicated staff, fully trained to handle any cargo including hazardous, we will ensure that your shipments run smoothly and that all your deadlines are met.
Stockwells has full warehousing, storage and distribution capabilities, including pick 'n' pack, and offers full stock management reporting in Brisbane, Sydney and Melbourne. All our warehouses are alarmed with a back to base monitoring system, and on site 24-hour guard detail for added peace of mind.
FAK containers comprise the consolidated shipments of a number of suppliers/buyers, packed into the one container and controlled by a freight forwarder (hence Freight All Kinds). Companies utilise this type of service when they do not have enough product to fill a container. The freight forwarder in this instance acts as their export agent. FAK containers are moved “under bond” to our warehouses for unpacking, clearance and dispatch.
Stockwells' in-house Transport division is second to none in the industry. Our operations staff ensures that through constant communications with our clients, all deliveries are on time and allocated to your preference. With dedicated transport drivers at your service, we deliver an efficient and professional service that meets all individual transport needs.
We do not operate a local outside transport service, therefore can focus on customers' transport requirements where they are in addition to their import/export needs.
All Stockwells brokers are fully accredited for Australian customs and quarantine entry and advice. We dedicate ourselves to having your goods priority cleared, prior to their arrival at the designated airport or port of entry.
With individuals specifically looking after the direction of your cargo, you can be assured of personal service and a point of contact at all times.
3rd May National Labour Day
5th May Coronation Day
World Expo Holidays - 10/04/2010
Shanghai - 30 th April - 4th May
Ningbo - 1st - 3rd May
Hong Kong - 1st May
Ho Chi Mihn - 30th April - 1st May
DG Restrictions Shanghai - 27/03/2010
China has announced that there will be restrictions on certain Dangerous Goods through the Shanghai Port during the Shanghai Expo. The Expo runs from May 1st to Oct 31st.
Should you have dangerous goods cargo intending to ship via Shanghai during this time please check with your nearest office for UN Classifications and if your goods will be restricted during this time.
