The Customs Warehouse (CW) is a location where goods can be held for an indefinite period of time while duty and tax payments are deferred. Only when the goods leave the premises would they be subject to duty and tax. It's a great choice for businesses that have a medium-low inventory turnover but need to keep stock on hand.
Is your container exclusive use or shared (shipping by air is a whole different topic which we will cover in another blog)? If shared is this being sent via a consolidator or as groupage? This will possibly have implications on the timescale (as above). It’s important to check the global reach to ensure that your destination is covered.
The ocean is used by the majority of companies around the world to ship their goods globally. When opposed to air shipping, ocean shipping is considered to be less expensive. Here's a rundown of some of the factors that affect or decide ocean freight rates:
The shipper's willingness to bargain with the freight forwarder/carrier on prices.
Variations in the bunker
Seasonal Service Fees imposed by the parties concerned
Currency fluctuations
Costs associated with storing and clearing goods at the loading and destination ports.
Variations in the bunker
Seasonal Service Fees imposed by the parties concerned
Currency fluctuations
Costs associated with storing and clearing goods at the loading and destination ports.
As with quotes, insurance policies tend to vary by company. Some are all risks cover, some total loss, some include pairs and sets, mould and mildew and mechanical derangement cover, others ask for an additional premium to cover these risks, some policies require you to pay the first part of a claim (The excess) others don't. Make sure you understand your level of protection.
To control and authorize the transportation of goods entering and leaving a particular national territory, all formalities and specifications must be completed. The importer or exporter's customs agent is responsible for performing these formalities on their behalf and sending a declaration of information to the relevant customs authority.