What are the ins and outs of the charges for Hong Kong's entrepot trade? Come and find out!
Solved#Entrepot trade#
Our company plans to carry out Hong Kong's entrepot trade business in the near future. We don't know much about the charging part. I would like to ask everyone how Hong Kong's entrepot trade is generally charged? What are the charge items? Is it calculated according to the proportion of the goods' value, or according to standards such as weight and volume? In addition, will there be a big difference in charges for different types of goods? I hope friends with experience can help answer in detail. Thank you!
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The charges for Hong Kong's entrepot trade usually include multiple items. First is the transportation cost. For sea freight, it is generally billed according to the volume or weight of the goods. If the volume is large, it is calculated by volume; if the weight is large, it is calculated by weight. For example, some bulky furniture is charged by volume. For air freight, it is mostly billed by weight. Second is the customs declaration fee, which is generally charged per shipment. One shipment corresponds to one customs declaration fee, and the fee is relatively fixed. There is also the warehousing fee. If the goods need to be temporarily stored in a Hong Kong warehouse, it will be charged according to the space occupied by the goods and the storage time. In addition, document processing fees are also common, which are used to process documents such as bills of lading and packing lists. There are indeed differences in charges for different types of goods. For example, dangerous goods have much higher fees due to special transportation and storage requirements. In short, the specific charges need to be determined by considering various aspects such as the characteristics of the goods, the transportation method, and the logistics links.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In the charges for entrepot trade, the handling fee cannot be ignored. It is related to the difficulty of loading and unloading the goods. For example, the handling fee for large mechanical equipment is relatively high.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Some trades also involve inspection and quarantine fees, especially for goods with high inspection requirements such as food, animal and plant products. The fees are determined according to the inspection items.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Freight forwarder operating fees are also common. Freight forwarders will charge a certain fee for handling transportation, customs declaration and other affairs, generally charged per shipment or as a proportion of the cargo value.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
There is also the terminal handling fee, which is generated when the goods enter and leave the terminal. It is charged according to standards such as container type and weight. For example, the charges for 20-foot containers and 40-foot containers are different.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
If transit services are involved, the transit port will charge a transit fee, which will also affect the overall charges. The specific amount depends on the regulations of the transit port.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The insurance premium is also an item. It is for insuring against risks during the transportation of goods and is charged at a certain proportion of the goods' value. The proportion is adjusted according to the risk level of the goods.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Document transfer fees sometimes exist and are used to transfer various trade documents. The fees are usually not high, but they also need to be noted.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If the goods need special packaging, such as shock-proof and moisture-proof packaging, the packaging cost will increase, depending on the packaging materials and the degree of complexity.