Yantian

Importing from Yantian to the UK

Yantian Port, located in Shenzhen, China, serves a number of major factory districts, primarily in the Guangdong-Hong Kong-Macao Greater Bay Area.

As a hub for electronics manufacturing and high-tech industries, Shenzhen’s districts, such as Bao'an and Longhua, are major contributors to the port's activity. Known for its extensive manufacturing base, Dongguan is a significant area for electronics, textiles, and toys that heavily relies on the Yantian Port for exports.

It also serves Huizhou, an area that is involved in petrochemicals, electronics, and the automotive industries. Yantian Port also serves inland regions such as Jiangxi and Hunan, where rail connections facilitate the movement of goods from these areas to the port.

What are FOB and EXW terms?

FOB and EXW are the two most significant Incoterms for UK importers that are receiving cargo from Yantian Port.

FOB (Free on Board)
When products are sold FOB, all expenses and liabilities of the seller apply until the products are put onto a ship and transported to the nearest port. Ownership of the item goes to the client after it is loaded, and they are responsible for paying all import-related costs, including shipping from the point of origin to the destination and customs clearance fees.

EXW (Ex Works)
Under the EXW incoterm, the seller's only responsibility is to deliver the items to the specified destination, which could be a warehouse or factory. In this case, the buyer takes over most of the seller's responsibilities and handles all export and import processes, such as packing, shipping, obtaining insurance, and clearing customs.

Sea Freight service options from Xiaolan to the UK

Importers exporting goods from Yantian port to the UK can choose between two shipping options, depending on the amount of their merchandise.

Full Container Load (FCL)

To guarantee that a container is only used for their products, importers have the option to reserve the entire container.

Less-than-Container Load (LCL)

Lower-volume importers whose goods don't fill the entire container might share container capacity with other shippers through less-than-container load (LCL) shipping.

Do you need an export licence?

The Ministry of Commerce (MoC) divides products into three categories:

Permitted goods
Restricted goods
Prohibited goods

The export permits issued by the MoC include information regarding the buyer(s), seller(s), shipment, cost, and mode of transportation.

Exporting prohibited commodities necessitates these permits. For Chinese Foreign Trade Companies (FTC) to export to UK branches, authorisation is also necessary. On the other hand, trading with overseas vendors in other nations does not necessitate an export licence (FOB).

Paperwork required to clear customs