Nantong
Importing from Nantong to the UK
Nantong
Port, located in Jiangsu province along the Yangtze River Delta,
supports industrial and economic development in areas like the
Yangkou Port Economic Development Zone in Rudong County.
The
zone hosts significant projects such as the China National Petroleum
Corporation's LNG project, making it a hub for global LNG
distribution.
Nantong
Port also serves other industrial areas, including the Nantong
Economic and Technological Development Area, Nantong National
High-tech Industrial Development Zone, and several others across the
region.
These
zones are crucial for industries such as energy, chemicals, and
manufacturing, which benefit from the port's capacity to handle large
volumes of cargo, including coal, iron ore, and steel.
What are FOB and EXW terms?
It’s crucial for businesses engaged in importing goods from China
to the UK to familiarise themselves with two significant
international trade terms that define the obligations of both sellers
and buyers: 'Free on Board' (FOB) and 'Ex Works' (EXW).
-
Free on Board
When utilising FOB terms, the seller bears the expenses and risks
associated with the goods until they are loaded onto the departing
vessel at the port in China.
At this juncture, ownership of the goods is transferred to the buyer,
who is responsible for arranging and covering the costs of import
clearance, duties, and the final transportation to the UK.
-
Ex Works
On the other hand, under EXW terms, the seller merely ensures that
the goods are available at their premises in China.
The buyer assumes full responsibility for export procedures,
insurance, loading, customs clearance, as well as all transportation
and delivery costs from China to the ultimate destination in the UK.
Sea Freight service options from
Nantong to the UK
When
shipping goods from Nantong to the UK via sea, shippers can choose
between two main types of cargo shipping options: full container load
(FCL) and less than container load (LCL).
-
FCL
involves filling a container exclusively with the shipper's goods
-
LCL means
sharing a container with goods from other shippers.
Do you need an export licence?
The
Chinese Ministry of Commerce has divided exported products into three
main categories:
1.
Products that qualify for automatic licensing
2.
Restricted products that necessitate a licence
3.
Prohibited products
Export
licences provided by the Ministry contain essential information such
as the exporter's details, buyer's information, cargo specifics,
value, and method of transport. Obtaining a licence for exporting
restricted goods is mandatory.
Chinese
Foreign Trade Companies (FTCs) exporting to their UK branches are
also required to secure an export licence. Nevertheless, if the trade
is executed under FOB terms with a supplier, the FTC is excused from
the licensing requirement.
Mandatory import documents for
customs clearance
Gathering
the required documentation, which includes an import licence (if
applicable), a commercial invoice, a bill of lading, a packing list,
and an EORI number, is essential for shipping goods from the Nantong
port to the United Kingdom.