Import and export are well-known trades that have been fuelling the world's economy since the dawn of time. The rules and laws of the global economy are dynamic and they are frequently changed and updated.
DoMyQuote has experienced suppliers in the trade business that are well versed in global import and export rules, international law and cultural differences. Our job is to assist you or your company to expand your business internationally
DoMyQuote has many useful business connections throughout the world we will help you find the goods you need, locate the proper country to import the goods from and market the products
When considering a global sourcing company, they should have the following basic functions (as an absolute minimum):
- Ability to communicate in foreign languages
- Foreign Offices (Asia, China, India etc with local staff)
- Can negotiate the best price for you
- Take you directly to the factory (not as an agent)
- Quality check products
- Manage risks
- Work for you
- Transparency
- Offer Supply chain/Logistics management
Maybe you want to purchase goods from different factories and need help arranging the logistics to your door?
Maybe you have concerns about the quality of the goods?
Tell DoMyQuote your product needs, we source and negotiate with high quality manufacturers
We provide the managing of your order from country of origin to your door
- Sourcing
- Negotiation
- Quality Control
- Purchasing
- Customs Clearance
- Door to Door Logistics
Start importing your own goods direct and increase your margins
CUSTOMS TAX & DUTY
DoMyQuote suppliers assist with customs clearance, tax, duty, commodity codes, freight, paperwork, document
handling, port charges and transport. Suppliers look after your interests not just with imports but the entire process right up to getting your goods to your door etc.
Once we have sourced the products you are after we will also negotiate on your behalf the quantity and price. Before importing your goods we run quality control checks to make sure that what you have ordered is exactly what you ordered.
Some problems to overcome:
Some problems to overcome:
When you don’t know how to approach the factories they are only interested in exporting a whole container of products from their factory.
The factory doesn’t’ have an export license
No sighting of the goods before they are exported, so you don’t know if they are up to standard.
If you want to import multiple items from different factories, how are you going to get them grouped together for export?
Who is going to prepare the paperwork for a multiple product export? Who is going to arrange road transport in to get them all to the docks?
Who’s going to arrange insurance for your goods and get you the best deal? During shipping if goods are not packed properly in the container there can be so much movement that goods get completely destroyed.
Once the goods arrive in Australia you need to arrange them to be taken off the boat, each item you need to find the correct code in order to pay the duty. You need to be GST registered with correct permits. You then need to arrange for the goods to be sent where they need to go.
Who’s going to arrange insurance for your goods and get you the best deal? During shipping if goods are not packed properly in the container there can be so much movement that goods get completely destroyed.
Once the goods arrive in Australia you need to arrange them to be taken off the boat, each item you need to find the correct code in order to pay the duty. You need to be GST registered with correct permits. You then need to arrange for the goods to be sent where they need to go.
Trade Finance
DoMyQuote assists companies to pay overseas suppliers for imported goods and is available to pay local suppliers as well.
DoMyQuote can organise quotes for funding up to 100% of the cost of the goods and generally does not require clients to put up deposits. Import finance can even be used to fund costs such as freight duty and GST to remove funding obstacles that limit a company's ability to take on further sales orders and grow the business. In summary,
DoMyQuote can organise quotes for funding up to 100% of the cost of the goods and generally does not require clients to put up deposits. Import finance can even be used to fund costs such as freight duty and GST to remove funding obstacles that limit a company's ability to take on further sales orders and grow the business. In summary,
A Letter of Credit is an international form of payment from a bank guaranteeing that a buyer's payment to a supplier is on time and for the correct amount upon the compliance of the terms on the Letter of Credit. Letters of Credit are widely used and understood, they represent a secure approach to trade for both sellers and buyers.
Letters of Credit's generally do not require supporting real estate or cash to secure them. They are drawn on a major Australian trading bank and can be established with flexible terms and in almost any currency.
Letters of Credit's generally do not require supporting real estate or cash to secure them. They are drawn on a major Australian trading bank and can be established with flexible terms and in almost any currency.
Documentary Collections
Documentary Collections (Documents against Payment/Sight Draft) or (Documents against Acceptance) are often used as an alternative to Letters of Credit. They still form a secure payment method for suppliers whilst alleviating the burden of compliance with the strict form of Letters of Credit. Suppliers can present their documents at their local branch overseas or alternatively send their documents directly to a bank in Australia.
Trade Bills
DoMyQuote can also assist with A Trade Bill which is is a loan with the fixed amount, fixed term and fixed interest rate. Terms would generally range from 30 days to 90 days.
A Trade Bill is raised when the supplier is paid. This may occur when a supplier draws down on an LC provided previously. Alternatively the Bill might be raised once a supplier has been paid directly without the use of an LC. The bill period would generally correlate with the time required to ship, land and deliver goods to the end customer.
A Trade Bill is raised when the supplier is paid. This may occur when a supplier draws down on an LC provided previously. Alternatively the Bill might be raised once a supplier has been paid directly without the use of an LC. The bill period would generally correlate with the time required to ship, land and deliver goods to the end customer.
