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
- 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
- Offer Supply chain/Logistics management
- Quality Control
- Customs Clearance
- Door to Door Logistics
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’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.
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,
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.
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.