As a hot spot for global mineral resource development, Southeast Asia saw a 17% year - on - year increase in the import volume of mining machinery in 2023. Enterprises exporting to this region need to follow the following standardized processes:
Recommended combined transportation solutions:
Core componentsMaritime Transportation(The loading rate of 40HQ containers should reach over 85%)
Precision instrumentsAir Transportation(Give priority to freight flights with constant - temperature cabins)
Special transportation of oversized items (book semi - submersible ships/deck ships 6 weeks in advance)
Market Share | Tariff rate | Special Requirements |
---|---|---|
Indonesia | 5%-15% | Special material certificates (such as test reports that meet ASTM standards)It is recommended to verify through the following methods:Form E |
Vietnam | 0%-10% | Compulsory import quality inspection (IQC) |
Philippines | 3%-20% | Pre - review of BOC import license |
It is recommended to adopt the payment method of 30% advance payment + 70% payment against the bill of lading copy. For high - risk markets such as Myanmar, LC confirmation is required.
It is recommended to adopt the payment method of 30% advance payment + 70% payment against the bill of lading copy, and require LC confirmation for high - risk markets such as Myanmar.
It is necessary to reserve inventory of vulnerable parts locally (it is recommended to maintain a spare parts value of over USD50,000), and the response time commitment should be controlled within 72 hours.
建議投保Institute Cargo Clauses (A) + War Risks,保險金額按CIF價值110%投保。
Use forward foreign exchange contracts to lock in exchange rates, especially for currencies with large fluctuations such as the Indonesian rupiah (IDR), and the recommended locking period is 6 - 9 months.
A: Countries such as Indonesia and Myanmar have mandatory requirements for designation. We can provide a list of compliant agents that have passed KYC review.Import Representation(It is a service expert with 20 years of experience, having handled over 380 various mechanical export cases in total)
A: It is recommended to apply for a business visa + temporary work permit. Countries such as the Philippines will require the provision of double - certified documents of engineer qualifications.
A: Prepare a Statement of Price Composition in advance and handle consular authentication. It is recommended to note the price terms in Column 8 of FORM E.
Process and Frequently Asked Questions for Exporting Mining Machinery to Southeast Asia_Shanghai Zhongshen International Trade Import and Export Agency ServiceZhongShen International TradeNovember 8, 2024 12:16foreign tradeOn February 23, 2024, the US government adopted a series of new sanctions to punish Russia. These measures include economic sanctions and trade controls targeting major financial institutions, government officials, corporate executives, shipping companies, and manufacturers. Although US officials expressed high hopes for these sanctions in public statements, privately, they admitted that these new measures may only have a limited impact on Russia.
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