| [1] Export/Import procedure using the consignment sales method |
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<1> a transaction method to receive payments only for the sold portion of the said goods after the local exporter (a consignor) exports the goods to the foreign importer(a trustee) and re-import the goods that are not sold within the sales period.
<2> A consignor is exporting the goods under his/her own risk and calculation and the ownership of the goods are with the consignor even the goods are transferred. A trustee(importer) sell the goods according to a contract and remit the amount less expense and service fee to a consignor.
<3> With this kinds of transaction method, a trustee has no fund responsibility and risk but only responsible for goods management, but on the other hand, since a consignor shoulders all the responsibility utterly, the method is used when a consignor has a margin with fund and to develop a new export markets. Since the related laws of regulations do not defines other specific payment method for this transaction method, a later remittance method is normally used for the payment method. |
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| <1> BWT(Bonded Warehouse Transaction) method export/import |
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1. A transaction method which under the control of an exporter, the exporter appoints a manager in the importing country (Branch or third representatives), conclude a sales contract after carrying in the goods into the importing country's bonded warehouse and make sales of the goods.
2. The transaction is normally utilized with short delivery term transactions such as generality raw materials and ship's store and such.
3. Approve stale B/L
4. Allow B/L installment clearance |
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| <2> CTS(Central Terminal station) method export/import |
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| 1. A transaction method which after establishing a local cooperation by obtaining an authorization from the country of the trade commerce party and process import using the corporation name to sale the goods directly at the local market. |
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| <1> Concluding a consignment sales contract |
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1. Delivery, take over of goods
2. The ownership and managing the goods
3. Insurance
4. Sales expense, earning payment, service fee
5. Payment guarantee
6. Price policy, sales terms
7. Contract completion, renewal
8. Breaching contract, methods to solve disputes etc. |
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<2> Export recommendation
<3> Export license |
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| - Condition for export license |
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1. The goods that are not sold within the contract period have to be re-imported within certain period after maturity date.
2. When processing the consignment sales through a free trade zone or bonded areas, there must be a branch or representing office in the exporting region. |
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<4> Export clearance
<5> sales
<6> Receive sales amount |
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- Payment method
With the foreign exchange management method, there is no specific payment method for consignment sales method therefore, COD(Cash On Delivery), CAD(Cash Against Document) method should be used. |
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| <7> Re-import the Non-sold goods |
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- Subject to re-import waive-- Basis on each countries' related laws of regulations.
- Required documents to declare re-import |
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1. import declaration form
2. export permit
3. Statement for the reason
4. Tariff exemption report
5. Other required documents for the customs clearance. |
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| <8> Reporting re-importing |
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[2] Import using consignee sales method |
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<1> A export transaction method which a local trustee import goods and make sales using non-draft upon the inquiry of a exporter (a consignor) without transferring the right of ownership and make payment within the sold range, then after the sales period is over, those not sold goods are to be export to a consignor(an exporter).
<2> This transaction method is for a exporter with the right of ownership shoulders funds and risk and a importer make sales of the goods according to the terms appointed by an exporter and remits payment to an exporter after less service fee and sales expense therefore, a importer takes no risk or fund burden for easy transaction.
<3> The existing current foreign exchange management provision strictly limits this transaction method for it might facilitate an indiscreet import. |
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| <1> Concluding a consignee sales contract |
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| - Details of a contract--Similar to the consignment sales contract. |
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<2> Import recommendation
<3> Import license |
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| - Condition for import license |
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| - The goods that are not soled within the contract period should be re-export
within ~ months after the period maturity date. |
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<4> customs clearance
<5> Sales
<6> Paying the sales amount |
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| 1 Payment method--Basis on the each countries related laws of regulations. |
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<7> Re-export unsold goods
<8> Report re-import |
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| - Required documents for re-import |
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1. Export declaration
2. Import permit
3. Statement for reason
4. Commercial invoice, Packing list
5. Other required documents for the customs clearance |
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| (3) Land consignment and statutory consignment (Price policy) |
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<1> Land consignment : A consignment term which the minimal sales price is determine by a consignor.
<2> Statutory consignment : A consignment term which a consignor allow a trustee to sell goods on the current price. |
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Ex-Import Procedure(to Way of Payment)
Export/Import procedure according to the trust, consignment method
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