Wednesday, March 12, 2003

Correction!

Re: [spiers] Correction!

Thank you for the advise. I made the deal almost as you
said... The factory will fill the order. Once shipping is
confirmed by their agent in the city where the factory is
located. They wire the payment. Q
--- wileyccc@aol.com wrote:
>
> In a message dated 3/12/03 10:11:05 AM, wileyccc@aol.com
> writes:
>
> <> goods ship them to
> your Japanese customer and retain the payment for
> themselves.>>
>
> Correction:
>
> In the future, you might have the country that made the
> goods ship them
> directly to
> your Japanese customer, and retain the payment for you,
> less cost of goods.
> This would be income to you, and the funds could be
> remitted to you or kept
> there for future use... in any event it would be taxble
> in USA.
>
> John


Correction!

In a message dated 3/12/03 10:11:05 AM, wileyccc@aol.com writes:

In the future, you might have the country that made the goods ship them to
your Japanese customer and retain the payment for themselves.

Correction:

In the future, you might have the country that made the goods ship them
directly to
your Japanese customer, and retain the payment for you, less cost of goods.
This would be income to you, and the funds could be remitted to you or kept
there for future use... in any event it would be taxble in USA.

John


Import/export

Re: [spiers] Import/export


In a message dated 3/12/03 9:53:59 AM, quang_n0@yahoo.com writes:

<I am about to fill an order from Japan (new customer),

***A customer in Japan is buying goods you imported from a third country into
the USA, some of which you will now ship to Japan?***

but
there are several details I am not too sure. 1. Shipping
will be paid by the customer at destination???

***Normally yes; if the above is true, then you would say "Price FOB San
Francisco (or whatever your location)" and you would ship "freight collect"
meaning they pay for the goods at teh other end. Just be sure to get precise
iinstructions from the buyer on how they want it shipped to them Sea Parcel
Post, UPS Next Day, etc***

2. Payment:
wire money as order confirmed or 1/2 now 1/2 before I
ship???

***Since you are the exporter, normally you would get all money as you ship,
but you are free to take what risks you like.***

This initial order worth $1150.00. Please see if
I am doing things right... Better ways to handle this??

***This is too small for a letter of credit, so some sort of prepayment would
be best. If you cannot stand $1150. risk, then demand complete prepayment,
and if they refuse, then the deal was not for you.

In the future, you might have the country that made the goods ship them to
your Japanese customer and retain the payment for themselves.

If this $1150 in sales cost you say $600, and the duty rate was say 50%, or
$300 paid to customswhen you imported it, then you might request a "duty
drawback" for these goods from US Cusoms, wherein you'd get back 99% of that
$300 paid earlier. Talk to your customsbroker about this possibility.***

John


Import/export

Hello all,
I am about to fill an order from Japan (new customer), but
there are several details I am not too sure. 1. Shipping
will be paid by the customer at destination??? 2. Payment:
wire money as order confirmed or 1/2 now 1/2 before I
ship??? This initial order worth $1150.00. Please see if
I am doing things right... Better ways to handle this??
Q


Tuesday, March 11, 2003

Informal entry and the need of having a person in the country of or

Re: [spiers] Informal entry and the need of having a person in the country of origin


In a message dated 3/11/03 2:43:30 PM, carolfreire@earthlink.net writes:

I'd like to join the recent discussion about informal entry. I was told
that, if it is the first time one is importing, it is advisable to hire a
custom broker, even though the merchandise is worth less than U$ 2,000. Is
this right?

***Well, one more or less retains a customsbroker as soon as you know what
you will import and where you will get it... there really is nothing to be
paid until there is an entry to be made. So yes, one retains (not hire,
technically) a customsbroker as soon as possible, and certainly before any
importations, or purchases for that matter. if the importation is above
$2000, certainly have the customsbroker handle it. If less than $2000, then
have the goods sent directly to your home, and avoid unnecessary and large
fees. Most customsbrokers won't begrudge you this cost savings on what is in
essence sample shipments.***

Also, I am negotiating with several suppliers in Brazil and I am thinking of
importing merchandise from 5 different suppliers. I have to alternatives:
1) To hire a person in Brazil, who would receive and gather all
merchandise from the different suppliers; check the products' quality and
ship it to me when there is a satisfactory quantity or value of merchandise
(more than $2,000).

2) To have different entries from each supplier, but each entry would be
less than $2,000. In this case each supplier would send me the merchandise by
mail an I would have to clean it by myself.

***You said clean, I think you mean clear, but option 2 sounds best and is
most common. And of couorse you have orders for all of thei $10,000 worth of
goods, right?***

Which alternative is the best, considering costs, time, quality control and
workload? Some people advised me that it is better to have someone in the
country of origin in order to check the quantity and quality of the products
before sending to U.S. However, I am not sure if it is really necessary. I
think I can handle all informal entries by myself, since mail entries seems
to be an easier process.

***This is really something limited to start up, so it is not a big
decision... either way you get teh ball rolling, eventually you'll leave all
this to the service sector people. Just make sure you have orders first,
from your customers.***

John


Informal entry and the need of having a person in the country of or

I'd like to join the recent discussion about informal entry. I was told that, if
it is the first time one is importing, it is advisable to hire a custom broker,
even though the merchandise is worth less than U$ 2,000. Is this right?



Also, I am negotiating with several suppliers in Brazil and I am thinking of
importing merchandise from 5 different suppliers. I have to alternatives:



1) To hire a person in Brazil, who would receive and gather all merchandise
from the different suppliers; check the products' quality and ship it to me when
there is a satisfactory quantity or value of merchandise (more than $2,000).



2) To have different entries from each supplier, but each entry would be
less than $2,000. In this case each supplier would send me the merchandise by
mail an I would have to clean it by myself.



Which alternative is the best, considering costs, time, quality control and
workload? Some people advised me that it is better to have someone in the
country of origin in order to check the quantity and quality of the products
before sending to U.S. However, I am not sure if it is really necessary. I think
I can handle all informal entries by myself, since mail entries seems to be an
easier process.



Any thoughts or past experiences that can help me?



Carolina Freire


Monday, March 10, 2003

air shipping

Re: [spiers] air shipping

Quang,

To answer your question, yes, if you are not highly directive in air
freigting goods it is possible your goods will not be expeditiously sent.

Are you working with a customsbroker? They ought to be able to get this
straightened out for you. If you are importing less than $2000 worth of
goods and therefore doing an informal entry of the goods, then perhaps you
should contact UPS or FEDEX and pay their premiun charges to assure
reasonable delivery dates.

Also, The US Govt is imposiing some "security" procedures overseas that may
be holding things up a bit more lately. Let me know how it goes.

John
In a message dated 3/9/03 4:15:16 PM, quang_n0@yahoo.com writes:

I've been working as a designer/importer for the last 16
months. My merchandise is shipped by air from Asia. Lately
there have been problems w/ the shipper. It appears that
many shipping agencies would consolidate before they ship
to make more profit or to be competitive, not to mention
other problems they have. Is there other ways for me to
ship? I don't have to have 3 days shipping. I can live w/
10 days shipping.