Do I need freight insurance when shipping from China?
Insurance is crucial for the long-term success of any business involved in the supply-chain process. Freight insurance is important for protecting you against accidents or loss that may occur when you are shipping from China. Because it may be nearly impossible for suppliers, manufacturers, sellers, or freight forwarders to control the risks involved in the entire time, freight insurance is key.
So, if you can buy insurance for all your freight, do so, but if not, ensure to buy insurance for your high-value goods. Winsky Freight can offer insurance rate on goods up to 0.3% of its commercial value.
What is the cost of shipping from China?
How much it will cost to ship from China depends on a number of factors such as the type of cargo you want to ship and its weight, the shipping method you use, the shipping destination, etc.
Generally, shipping via air freight is the most expensive of all shipping methods. So, you should expect to pay more if you want your cargo moved from any of the airports in China. Also, the farther the shipping destination from China, the most it costs to ship your freight. Similarly, the larger and heavier your goods, the costlier it’ll be to ship.
To get precise shipping costs for your cargo, it is advisable to request a quote from your freight forwarder because you will need to present details of your shipment that will influence what the exact price will be. Shipping costs tend to change regularly and quotes often expire in a short period of time because the international freight market is volatile.
What are the documents needed to ship from China?
International shipping, logistics, and customs clearance all thrive on accurate documentation. When your documentation is properly completed, your shipments will be able to reach its destination and clear customs without delay. But what are these documents that you will need when you want to ship freight from China? Sometimes what you require will depend on the types of goods/freight that you have and the country of destination.
Two shipping documents that are mandatory for all international shipping processes are Packing List and Commercial Invoice.
· Packing List
The Packing List will contain information about the volume of the products, the different types of products, and their quantities. It is often the document that is used to verify that the items on the bill of lading are delivered to the receiving party.
· Commercial Invoice
In the Commercial Invoice, you’ll find the order value, the types of products, and the consignee. This is the document that customs use to determine the true value of the goods to assess the custom duties for the goods.
Some other documents you may need include Bill of Lading, Air Waybill, Consular Invoice, Customs Declaration Form, Quarantine Packing Declaration, Weight Memo, etc.
What are the shipping methods to choose from when you ship from China?
Whatever the cargo you want to ship from China is, you have nothing to worry about. All you have to do is contact Winsky Freight to get started. We offer a wide variety of reliable and efficient shipping methods for different kinds of shipments from China to various regions in the world. These include:
How much is the import duty from China?
· Local Import Customs
If you are shipping from China to any country in the European Union, you will have the same import duty rates in each country. The rates, however, differ from product to product and range from as low as 0% on consumer electronics to 12.4% on peanuts. Value Added Tax is compulsory for all freight that comes into the EU from China and information on how customs value is calculated is available here.
In addition, Winsky Freight details the import duty and taxes on goods from China for the US and the UK. More information on import duties and taxes is available for Australia, New Zealand, Canada, Singapore, etc.
· HS Codes
Besides the declared value of the shipment, the HS Codes also influence the import duty on the shipment from China. The HS Code is used to classify different types of products and it is found on the Commercial Invoice. When you have the correct HS Code for your freight on your Commercial Invoice, you will be appropriately charged the import duty rate for that product based on the shipping destination country’s rates.
What the particular shipping destination country is will determine how much the import duty on your shipping from China will be. This is because each country has its own taxes and rates for import duties and how they calculate the customs value of the freight being shipped. Another crucial factor that affects the import duty from China is the HS Codes (Harmonized Commodity Description and Coding System) of the freight.
Some helpful tips when you are shipping from China
· Choose the best freight forwarder
Your ultimate aim is to make your international shipping easy and smooth. When you have the best freight forwarder managing your logistics and shipping requirements, you won’t be worried about whether to go for Ex Works, Free On Board agreements for your shipping from China because you will get expert and trusted advice on the best shipping solutions for your own business. The conditions that are most favorable for you based on your needs and business scale will be at the forefront of your freight forwarder’s mind so that you can get the best deal.
The difference between having a good freight forwarder help you with the complicated process and not having one is like night and day. Get started today by requesting a quote.
· Plan ahead
The peak seasons for shipping are from Mid-August to Mid-October, and from January to February. So, if you can, endeavor to avoid shipping during these periods because prices are usually high due to increased demands, reduced supplies, scarce containers, etc. Planning ahead will help you do your business during the off-peak periods so you can save as much cost as possible and meet your market demands.
· Consolidate your cargo
Consolidation of cargo means bringing together various consignments that you have from various suppliers into a single full container shipment. It is a process that minimizes the risk of damage to your freight, saves cost, and promotes standard quality control supervision, amongst others. Winsky Freight is a leading agent in freight consolidation.
Take advantage of the best – Winsky Freight
Now that you know the things involved in the process of shipping from China, you are better positioned to work with a reputable and experienced freight forwarder in China like Winsky Freight to meet your professional shipping needs. Get in touch today!