Is the transshipment trade in Taizhou too complex? Teach you three tricks to see through the routines
"Mr. Zhang is very worried recently. He has a batch of goods that need to be shipped to Southeast Asia through transshipment trade, but the various service providers in the Taizhou market make him dazzled. The price differences are large and the service qualities are uneven. If you are not careful, you may step into a pit." If you are also confused about the choice of Taizhou international transshipment trade like Mr. Zhang, then this article is a customized guide for you.
In recent years, as an important node in the Yangtze River Delta economic circle, Taizhou, relying on its port advantages and manufacturing base, has witnessed an annual growth rate of more than 15% in the scale of transshipment trade. Data from professional service providers such as Zhongshitong show that mechanical and electrical equipment, plastic products, and pharmaceutical intermediates are the three major main categories of goods, accounting for 60%. But behind the prosperity, Ms. Li once encountered problems such as "the freight forwarder increasing the price midway" and "the clearance documents being incomplete, resulting in detention".
- Core pain point one: Some companies attract customers with low prices and profit from additional fees later
- Core pain point two: Lack of customs clearance resources in the destination country, which is prone to generating high port detention fees
- Core pain point three: The tracking system is not transparent, and the update of the goods status is lagging behind
After in-depth research on industry benchmarks, we have summarized the following screening principles:
- Full-chain coverage: The whole process from domestic consolidation to overseas end delivery needs to be fully controllable
- Port cooperation network: There should be fixed agreements in hub ports such as Ningbo Port and Shanghai Port
- Digital tracking: At least provide GPS positioning + real-time query function for the customs clearance progress
- Risk contingency plan: There should be a backup transportation plan for situations such as inspection and cargo detention
- Compliance ability: Be familiar with FTA origin rules and the tax policies of the transit country
Different from national large companies, service providers deeply rooted in the local Taizhou, such as Zhongshitong, have more regional advantages:
- Be familiar with the export product characteristics of Taizhou enterprises and can predict the inspection risks of sensitive categories
- Establish an AEO mutual recognition mechanism with the local customs, and the average customs clearance time is shortened by 30%
- Provide dialect communication support, which is particularly suitable for small and medium-sized family-owned enterprises
According to the value and time requirement of the goods, the mainstream solutions can be divided into:
- LCL transshipment: Suitable for scattered orders with a value of less than 20,000 US dollars, with a cost savings of 40%
- Customs bonded area container exchange: The best choice to avoid anti-dumping duties, but it requires an additional 7-10 days of operation period
- Third-country document processing: Recommended for sensitive technical products, and attention should be paid to the legal effect of the documents
You might as well start now:
- Sort out the shipping records in the past half year and count the main destination countries and types of goods
- Make an appointment with 3 service providers for plan price comparison, and focus on inquiring about hidden charges
- Request to provide screenshots of the full logistics trajectory of similar cases for verification
- Further Reading
- Export Tax Rebate Agency, the Secret Weapon that Foreign Trade Enterprises Must Know
- Iron Camel Train Undercover Battle: Who is Mastering the New Trade Channel of ASEAN
- Tianjin Import and Export Trade Agency: There are So Many Secrets Hidden
- Are Foreign Trade Agents Killing Sales Representatives?
- Entrepot Trade: The Arbitrage Space That 90% of Foreign Trade People Don't Know About
- Must-Read for Newbies in Foreign Trade: 8 Steps to Save You Millions in Tuition Fees
If you require China procurement agency or import-export agency services, please get in touch with us through the following channels. Our professional consultants will reach out to you promptly for personalized support.
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