IMPORT AND EXPORT

Basic Export Procedures

1. Market Research and Setting Objectives of Distribution

• Setting foreign market objectives on pricing and terms

• Selecting target markets, methods of exportation and channels

• Selecting target markets, methods of exportation and channels

2. Trade Regulations

• Export regulations and requirements

• Export regulations and requirements

• Overseas import regulations and requirements

• Patent, trademark and copyright and others

• Patent, trademark and copyright and others

3. Making Contacts

• Producing or sourcing goods

• Producing or sourcing goods

• Packing and labelling

• Packing and labelling

4. Quotation and Terms

• Making offers and quotation for potential buyers

• Costs, quotations and pro forma invoices, and terms of sale

5. Sales Contract

• Confirming the sales contract and terms of transaction such as payment terms

• Confirming the sales contract and terms of transaction such as payment terms

6. Contract Execution

• Arranging export declaration and applying for export licence when necessary

• Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the relevant parties for payment

7. Customs Clearance

• Checking buyer's background from ECIC and / or banks

• Enquiries from interested overseas buyers

• Enquiries from interested overseas buyers

8. Getting Paid

• Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the relevant parties for payment

• Subject to the payment terms specified in the sales contract, the exporter should present the required documents to the rel

Basic Import Procedures

1. Setting Market Objectives

• Setting market objectives on pricing and terms

Subtopic

2. Sourcing Products

• Identifying potential suppliers

• Sourcing channels of distribution

• Sourcing channels of distribution

3. Trade Regulations

• Import regulations and requirements, and checking whether import licence is required

• Patent, trademark and copyright

4. Making Contacts

• Sending enquiries to suitable suppliers

5. Settling Quotation and Terms

• Analysing the supplier's quotation and offers

• Costs and terms of sale

• Costs and terms of sale

6. Financing the Purchase

• Preparing for working capital

• Types of bank financing and application, such as exporter credit or other bank facilities

• Types of bank financing and application, such as exporter credit or other bank facilities

7. Sales Contract

• Arranging export declaration and applying for export licence when necessary

8. Preparing Payment and Insurance

• Subject to the payment terms specified in the sales contract

• Confirming the sales contract and terms of transaction such as payment terms

9. Acquiring Goods

• Receiving shipping advice and arrival notice

• Receiving export documents from the exporter

• Collecting goods from the specified shipping company or forwarder

• Collecting goods from the specified shipping company or forwarder

10. Customs Clearance

• Arranging customs clearance and import declaration

• Arranging customs clearance and import declaration