THE EXPORT AND IMPORT BUSINESS

 

import-and-export-business

The Shipping of a product, article or service to another country abroad, for commercial purposes is considered Exportation. The shipment can be made through different ways and according to the proximity or distance from one country to another, these products can be transported by land, sea or air. On the other side, the entry of those services, articles or products to the country of destination is called Import. Exports and Imports usually take place in ports, airports and borders; These are entry points that are Enabled by the Customs Authorities of each Country

If you have thought or have ever considered exporting and importing products or articles to another country, you can do it for both economic and personal benefit, not only the large production companies are qualified to export and import Articles or Services.

There are many reasons why you can make the decision to Export and Import; Either because the production of a product in the domestic market of a country is low, because you want to import products or Articles that prove to be more profitable than those obtained internally for business and economic purposes or because you want to move to another country and export your personal articles.

One of the most lucrative businesses among Exported Items is the Export of Used Cars from the United States to Most Countries in the World. The opportunity to buy and sell can become a good business as long as you do it well, especially if you are considering the idea of buying and sell used cars. As the technology grows, next-generation cars are produced, and people will always have the need to buy new vehicles; Thus creating the need to dispose of the used ones.

Not only the Used Car Export Business can be lucrative. Auto parts, Construction Machinery, Building Materials, Motorcycles, Home Appliances among others Articles can be Exported and you can create a business out of it and obtain Great benefits. You just have to Research and know how to find suppliers, manufacturers, exporters, importers, buyers, wholesalers and potential customers for your business. Also it is important to keep in mind the price of the products and the transportation of them, for this you must contact a company specialized in medium or heavy cargo shipments that offer a good shipping price and a good warranty for you.

Each country has regulations in the Import and Export of Vehicles and other products. If you are thinking of Exporting and importing Cars, we recommend you to consult with the respective authorities in the country of destination. If you are thinking of exporting and importing cars and articles to Latin America, we recommend you check our “LATIN AMERICA CUSTOMS REGULATIONS” article in the Blog of our website. Www.cargoout.com. In another article we will explain how is the process of Export and Import.

New SOLAS Regulation

regulation-maritime-container-shipping

For a very long time, the declaration of shipping weights has been required but the verification of shipping weights has not. Due to incorrect weights being declared, many unsafe conditions for the vessels at sea and their crews have been caused.

The new SOLAS regulation of verified container weights became effective on July 1st, 2016. This new regulation has affected the entire ocean freight industry. The regulation declares the container weight to be the legal responsibility of the shipper. This article provides an outline of the important facts that everybody in the ocean shipping industry needs to know.

SHIPPING LINES CANNOT BY LAW LOAD A CONTAINER ON TO A VESSEL WITHOUT THE VGM WEIGHT DECLARATION.

What is a Verified Gross Container Mass (VGM)?
It is not the Gross Weight of the actual cargo.
The VGM is actually the weight of all cargo loaded, including any packing materials such as straps, pallets, blankets, etc. plus the weight of the container as declared on the door plate of the container.
How do you comply? What are your options?
There are two methods allowed when providing a VGM to a shipping line. It is said that Method 1 is the easiest option, but comes with an extra cost depending on the weight stations.

Method 1
Take the loaded container over a weighbridge. Please note that these weighbridges need to meet certain criteria. (The scales have to be properly calibrated and certified in agreement with the national standards of the country where the weighing takes place). Once the loaded container is weighed, subtract the weight of the truck, fuel, and chassis to get the weight of the loaded container.
Example: Total Weight
-Truck, chassis, fuel, etc.
————————–
Loaded Weight

load

 

Method 2
The second option available is to weigh each item. The shipper would need to declare the weight of all cargo, packing materials, securing materials and add the container tare weight (as declared on the container).

Example: Cargo
+ Packing & Securing Materials
+ Container Tare Weight
———————————————-
Loaded Weight

loaded-weight

If you need further clarification or have any questions, feel free to contact us info@cargoout.com

LATIN AMERICA CUSTOMS REGULATIONS

regulation-shipping-latin-america

Cargo Out always seek to satisfy the needs of our customers. We know that many customers who want to ship products or commodities for the first time to their countries in Latin America, are not aware of customs regulations that some countries have in receiving imported commodities from outside.  So, we want to share the following information that we consider important you should know before you think about shipping.

 

GUATEMALA

In Guatemala all household goods are subject to Customs taxes. If no value appears on the summited documents, Customs will determine the value of the shipment.

Items that can’t be imported to the country:

  • Any Weapons and ammunition.
  • Substances Classified as Narcotics
  • Legitimate archaeological or colonial articles

 

In regards to Motor Vehicles, All will undergo physical inspection, to verify: make, model, year, engine size, serial number and accessories.

At the moment of claiming your vehicle the next documents are required.

  • Original Title (proof of ownership)
  • Invoice or Bill Of sale
  • Bill of lading

Customs officials will determine the value for payment of duties and taxes. Registration and application for license tags are a separate process.

 

HONDURAS

In Honduras all shipments are inspected. New items and electrical appliances need original purchase invoice and four copies are required. Plants required quarantine Certificate and Tobacco products can be imported in limited quantity.

Items that can’t be imported to the country:

  • Pornographic or subversive books and Movies
  • Weapons (sporting firearms and ammunition may be imported with a special permit from the Secretary of Defense and the Treasury Department)
  • Explosives
  • Alcoholic products and Drugs

 

In regards to Motor Vehicles, Are  Just allowed to be  imported Vehicles of Models and years up to the years 2007 for sedan Autos and 2004 for Pickups or Trucks.

At the moment of claiming your vehicle the next documents are required.

  • Original Passport
  • Original Purchase Invoice
  • Document of Ownership (listing make, year, model, serial number, etc.)
  • Original title

Taxes rates on autos depend on year, cc motor, make and value of the auto.

 

COSTA RICA

In Costa Rica all shipments inspected. Used household goods and personal effects are subject to import taxes and duties, except for those who are diplomats, members of government or international organizations and Costa Rican citizens who have lived a minimum of 24 months abroad.

Items such as Computers are subject to import regulations is required Invoice, Instruction booklets, and original Bill of Lading.

Items that can’t be imported to the country:

  • Alcoholic beverages (only small quantities for personal use)
  • Narcotics and drugs
  • Explosives
  • Used tires
  • Pornographic or subversive material
  • Plants, medicines, and large quantities of alcoholic beverages, tobacco products, and food require a special permit.
  • Weapons and ammunition require an original invoice and registration at origin.

In regards to Motor Vehicles, the amount of taxes to be paid depends on the value, model, year, cubic centimeters and extras. At the moment of claiming your vehicle the next documents are required.

  • Original Registration Card or Property Title.
  • Original Bill of Sale.

If you are sending a vehicle to Costa Rica, a new law was passed as of June 7th, 2000 that all vehicles coming into Costa Rica must have a EPA Smog Test signed off by the Local Consulate from the country which the auto is being exported. Contact your destination agent for more information before sending a vehicle to Costa Rica.

 

EL SALVADOR

Citizens returning from abroad, after more than three years, may import duty-free used or new household goods up to a maximum of U.S. $15,000.00 of the C.I.F. value customs will tax anything in excess of this amount.

Items that can’t be imported to the country:

  • Weapons and ammunition (special permit is required to import)
  • Pornographic materials.

 

In regards to Motor Vehicles, Are just allowed to be imported Vehicles of Models and years up to the years 2009.  Vehicles Are subject to import duties based on C.I.F. value. Which would vary depending on the auto’s model and year. The highest percentage to be paid is 30% of the CIF value. Customer will also pay the 13% sales tax.

At the moment of claiming your vehicle the next documents are required.

  • Title of Ownership (original), showing consignee as legal owner
  • Original Invoice
  • Original Passport
  • Certificate from repair shop from origin showing it complies with emission control requirements for gases, smoke and particles for such auto type and model.  Certificate should be obtained at least 60 days before arrival.

 

NICARAGUA

In Nicaragua all household goods are subject to customs taxes. All shipments inspected. For new items an original receipt is required.

Items that can’t be imported to the country:

  • Narcotics
  • Explosives
  • Pornographic or subversive material
  • Large amounts of Alcohol and Food, Plants, Medcines and weapons, require special permits.

In regards to Motor Vehicles, are subject to import taxes and duties the amount to be paid depends on value, model, year. At the moment of claiming your vehicle the next documents are required:

  • Title Original
  • Original Bill of Sale

 

MEXICO

In Mexico regulations vary with Customer’s immigration status and shipments are declared abandoned after 60 days at surface port.

Items that can’t be imported to the country:

  • Weapons, ammunition and explosives
  • Drugs
  • plants
  • Pornographic material

In regards to Motor Vehicles, Are just allowed to be imported Vehicles of Models and years up to the years 2009 and Vehicle Identification Number (VIN) title should not be Savage. At the moment of claiming your vehicle the next documents are required:

  • Original Vehicle Tilte
  • Passport
  • Bill of Sale

 

PERU

Household goods and personal effects dutiable (In Peru the average rate tax is 20% for Household goods and personal effects.

Items that can’t be imported to the country:

  • Guns unless having permit
  • Narcotics and drugs
  • Pornographic material
  • Explosives
  • Telecommunications equipment

 

In regards to Motor Vehicles, Are just allowed to be imported Vehicles of Models and years up to the years 2011, mileage must not exceed 49,600 miles and must obtain an inspection certificate which must be issued by the appropriate authorities in the United States prior Exportation.

 

At the moment of claiming your vehicle the next documents are required:

  • Original commercial invoice
  • Proof of ownership
  • Title
  • Certificate of inspection at origin.

 

BOLIVIA 

Household goods and personal effects, are subject to taxes. The following Commodities require an import permit and respective invoices and certificates:

  • New items
  • Alcoholic beverages and tobacco products
  • Food
  • Medicine
  • Plants
  • Precious metal objects, jewelry and coins.

Items that can’t be imported to the country:

  • Weapons, ammunition and explosives
  • Drugs and narcotics
  • Pornographic material

In regards to Motor Vehicles, Are just allowed to be imported Vehicles of Models and years up to the years 2015 for regular autos and up to 2013 for pickups and trucks.

At the moment of claiming your vehicle the next documents are required:

  • Original commercial invoice
  • Proof of ownership
  • Title

 

CHILE

Chileans coming back after living abroad and anyone coming to work in Chile are exempt from duties on their household goods and personal effects. Invoices and Respective permits are required for Sporting guns, Alcohol and tobacco Products and pearls and other precious stones.

Items that can’t be imported to the country:

  • Firearms/weapons
  • Drugs (if are for medical purposes)
  • Pornographic material

In regards to Motor Vehicles, with destiny to the ports of Iquique and San Antonio are required to obtain a certificate fumigation. Taxes are based on make, model, year, engine’s cubic capacity, transmission type, extras, and purchase value.

At the moment of claiming your vehicle the next documents are required:

  • Original Invoice of Purchase
  • Certificate of Fumigation

 

NOTE:  ALL CUSTOMS REGULATIONS ARE SUBJECT TO CHANGE. WE ALWAYS RECOMMEND TO THE CUSTOMERS CHECK THE INFORMATION ABOVE WITH THE RESPECTIVE AUTHORITIES OF EACH COUNTRY

 

If you need more information, contact us today: +1 301679 9898