Porcelain Import Process

English Class / Evidence

FRANCISCO JAVIER OROZCO

Porcelain Import Process

After choosing the best alternative supplier, must be confirmed the terms of the negotiation, as indicated below:

Delivery Terms (Incoterms)

Payment Terms

Delivery Time

Packaging

Required Documents

Porcelain Import Process

Details of the Shipper:

Supplier: Foshan Hong Bo Import & Export Co. ltd

Country of Origin: China

Incoterms: FOB

Port of Loading: Foshan, China

Details of the Consignee:

Francisco Javier Orozco Romero

Nit. 80725825-2

Port of Delivery: Buenaventura, Colombia

Porcelain Import ProcessPRODUCT:

Polished Tiles double Loading

Reference: BJ6021

H.S. Code: 69.07.90.00.00

Size: 600 mm * 600 mm

Tickness: 7,5 mm

Packaging: Cartons x 1,44 SQM (4 Tiles)

Full Container Load 20´: 920 Cartons (1,324,80 SQM)

Net Weight: 26.220,00 Kg

Gross Weight: 26.680,00 kg

Unit Price USD$ 5,00/SQM FOB Foshan, China

Payment Terms: 30% in advance, balance with the shipping documents before of the shipment

Delivery Time: 15-25 days after the 30% of amount as deposit.

Porcelain Import Process

Required Documents

Commercial Invoice: must indicate:

Buyer and seller information as: Company name, Street address, Phone, contact, email, etc

Number and date of the Invoice

Description of the product, quantity, unit value, amount, currency

Incoterms: in CFR, CIF, CIP terms, must be brokendown the FOB Value, Freight Value, Insurance if applicable

Porcelain Import Process

Required Documents

Packing List: number of parts, quantities, net weight, gross weight, etc.

Transport Document:

Seaway: Bill Of Lading (B/L)

Airway: Airwaybill (ABW)

Overland: Consigment Note

In this case the Transport document is a Bill Of lading B/L

Porcelain Import Process

Required Documents

We need a Certificate of Origin or EUR 1 in the case that Colombia has signed a Trade Agreement with the country of origin to obtain a tax benefit, in this case, with China, our country has not a Trade Agreement, however, enclosed an example of the C/O

Certificate of Origin

Porcelain Import Process

In our Country, this type of product has the following rule:

The pallets must be labeled with the data shown in the picture, in Spanish

Porcelain Import Process

PRODUCT Polished Tiles double LoadingReference BJ6021Size: Size: 600 mm * 600 mmU.M SQMQuantity 1.324,80Unit Price 5,00 USDIncoterms FOB Foshan - China

Total FOB 6.624,00 USDSeaFreight 750,00 USDInsurance 36,87 USDTotal CIF Buenaventura Port 7.410,87 USDTotal CIF Buenaventura Port $ 21.491.523,00

H.S. Code 69 07 90 00 00Tax 10,00%Total TAX 741,087Rate Change $ 2.900,00Total TAX COP $ 2.149.152,30Porte Charges $ 2.000.000,00Customs Clearance $ 350.000,00Inland Freight $ 2.500.000,00Total DDP COP $ $ 28.490.675,30Total DDP USD$ $ 9.824,37

UNIT VALUE COP$ $ 21.505,64 SQMUNIT VALUE USD$ 7,42 USD SQM

IMPORT COSTS