x New businesses participating in the import-export sector are still vague about the concept of export entrustment and import entrustment?
x You want to know who is the user of the import-export entrusted service?
Are there any risks? What should be noted? x Enterprises need to declare customs for Sea/Air goods but do not have much experience in customs operations?
For businesses that want to import foreign shipments to Vietnam, one of the indispensable operations is Import-Export Entrustment. Proship.vn will synthesize related knowledge to clarify some issues such as What is an Import-Export Trust? Which import-export entrustment activities are included? Are there any risks? What is the process of implementing import-export entrustment?,...Along with detailed information about the Air/Sea import-export customs declaration service of Proship and FadoExpress agents, businesses wishing to use the service should consider choosing select.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
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What is an import-export trust? Who is entrusted to export and import?
What is an export trust, what is an import trust?
Import-export entrustment is one of the operations that almost every shipper must know when wanting to import goods from abroad to Vietnam. But not almost everyone understands and clearly grasps the necessary information and risks to avoid in the process of entrusting import and export. So specifically, what is an import-export mandate?
Import-export entrustment is the hiring (Outsourcing) of an Import-Export Service Business Unit to organize and carry out export/import activities of goods for the seller/buyer. Import-export entrustment includes two main activities: export entrustment and import entrustment. Businesses can use either of these services or use both at the same time.
What is an export mandate? Export entrustment is a form of asking a third company (a company specializing in import and export entrustment). Representing a Company to perform the task of exporting products (goods) for their Company abroad (buying and selling partners). What is entrusted import? Entrusted import is a form of thanks to a 3rd company (Company specializing in entrusted import and export). Representing a Company to perform the task of importing certain products (goods) for their Company (Entrusted Company).
Normally, import and export entrusted activities include:
- Sign foreign trade contracts and payments on behalf of customers;
- Consulting on import and export procedures. On behalf of customers, carry out import and export procedures and deliver goods at the port;
- Customs declaration services, port services;
- Licensing requirements depend on the item;
- Book ships, store goods, buy cargo insurance (if any), track cargo schedules;
- Consulting on customs services and tax payment according to regulations;
- Work with customers to resolve foreign customer complaints;
- Collect a consignment fee at a reasonable rate based on the value of the shipment.
Who should use the import-export entrusted service?
Enterprises and subjects that need to entrust import and export can include:
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- The supplier's side is just a factory, without the function of exporting and making foreign trade contracts or export documents;
- The enterprise does not have legal status and cannot sign contracts with foreign partners;
- Enterprises do not trust suppliers and want to entrust a third party to evaluate, negotiate, sign contracts and complete export documents;
- Enterprises do not have experience in international trade and do not have a team of personnel knowledgeable about import and export to carry out the most cost-effective import of goods.
Find out detailed information about import and export entrustment with Proship
What is entrusted import and export, what are the activities of entrusted import, what are the activities of entrusted export have been answered. Next, Proship will present all the information you need to know about import-export trust for businesses dealing with export and import goods:
Legality of import and export entrusted services
If an individual or organization established in the country entrusts the implementation of goods import procedures to another organization, the entrusting organization must meet the regulations on customs declarants as prescribed in Article 5 of the Decree. 08/2015/ND-CP dated January 21, 2015, amending and supplementing Clause 3, Article 1 of Decree No. 59/2018/ND-CP dated April 20, 2018 of the Government. Customs procedures comply with the provisions of Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Ministry of Finance.
Basic principles in entrusted import and export
In order to ensure that export/import entrustment activities take place legally and smoothly, entrustment enterprises and enterprises providing import-export entrustment services need to ensure:
- Always inspect the products carefully; It is necessary to carefully consider whether the imported/exported product is a prohibited import/export product, etc.;
- What are the necessary documents and procedures to apply for a license to export/import goods?
- When there is a set of goods documents, the entrusted party is responsible for implementing current import customs procedures;
- Check the capacity and familiarity of the receiving company with entrusted imports;
- Sign an import shipment agreement.
What are the risks of import-export entrustment?
Risks for entrusted enterprises
In import-export entrustment, the biggest risk is to the entrusted party. Because this company represents the importer on the documents and bears all legal responsibilities when importing goods. Therefore, if it happens that the goods inside the imported or exported shipment are prohibited goods, the import-export entrusted service unit is acting illegally. This will directly affect the entrusted unit.
Risks faced by the entrusting party
Import entrustment also has a number of limitations that the party needing the entrustment should consider before signing the entrustment contract:
- Businesses and individuals using entrusted services must pay an entrustment fee to the service company;
- Entrustment makes businesses passive when depending on intermediaries, causing the business's economic activities to take place slower than the business's expectations;
- Risks that the principal must bear may be false information about suppliers and imported products, collusion between the principal and the exporter.
When using import-export entrusted services, what should you keep in mind?
Regarding the Import-Export Entrusted Service, to benefit both parties, businesses hiring the service and service providers need to pay attention to the following issues:
For units providing Entrusted Services
- Always carefully review papers and documents related to import and export activities;
- Only provide delivery service at the seller's factory, also known as EXW. This will ensure that the shipment is accurately declared and is not on the prohibited list;
- Sign an entrustment contract between the party needing entrustment and FWD company. The entrusting party will have to bear all responsibility and risks if the goods are declared falsely.
* Note: The terms stated in the contract need to have strict content and full declaration of the goods covenant declared on the documents. The entrusting party will have to bear all responsibility and risks if the goods are falsely declared.
For parties hiring Escrow Services
- Carefully check the shipment to see if it belongs to the list of goods banned from import;
- Entrustment will cause supplier information and shipment prices to be exposed;
- The entrusting enterprise is responsible for providing full product information. Typically the design, model number, and accompanying technical specifications;
- Responsible for paying the goods to the entrusted unit to pay the seller, i.e. the exporter.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
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How does the import-export authorization process take place?
If you have questions about the export entrustment process or how the import entrustment process is carried out, Proship Logistics has also compiled the knowledge and shared it as follows:
For the entrusting side
The entrustment process applicable to the entrusting party is as follows:
- First, it is necessary to check and ensure that goods and services are allowed to trade according to the provisions of law. If the goods are prohibited objects, they will not be allowed to be imported into the country, so there is no need to use an import authorization contract;
- After that, the entrusting party should pay attention and discuss with the entrusted party to apply for an import license if their enterprise's goods are in that category, so that the entrusted party can do it soon without wasting time and effort. future strength;
- Check the capacity and experience of the company receiving entrusted import;
- The two parties sign an import entrustment contract.
For the entrusted party
The entrustment process applicable to the entrusted party is as follows:
- The two parties sign an import entrustment contract;
- Payment of goods to foreign suppliers;
- Transporting and declaring imported goods;
- The entrusted party is responsible for carrying out import customs procedures as soon as the goods documents are available according to current regulations;
- Hand over the goods to the entrusting party and related documents such as red invoices...
>>See more: History of Incoterms role formation
Are Proship Logistics and FadoExpress the agents in charge of KBHQ at Cat Lai Port, Tan Son Nhat SB?
Currently, choosing a Professional and Reliable Customs Service Provider is very important in the Import-Export Industry. Therefore, Proship Logistics and FadoExpress Officially became KBHQ Agents at Tan Son Nhat Airport and Cat Lai Port with Prestige - Fast - Accurate. Related tasks such as: International transportation - Customs declaration - Customs clearance procedures - Domestic transportation and door-to-door delivery, we will take care of. Therefore, if businesses, importers/suppliers, etc. are not familiar with customs operations and clearance of Sea/Air goods, feel free to hand over important shipments to Proship Agents, FadoExpress.
Previously, we only operated in customs declaration as a customs declaration unit, but now we operate with a new mission as a specialized agent, directly supporting customers from A - Z regarding customs operations. Customs at Ports and Airports. Goods owners/businesses do not need to use their digital signature to approve signing (remotely), or send false documents as before. Our customs declaration agent will use our unit's digital signature to declare and transmit the declaration, so the customs declaration process takes place quickly and in accordance with regulations.
Type of KBHQ at Proship's Airport and Seaport
Types of KBHQ at Tan Son Nhat Airport
Proship and FadoExpress are planning to deploy the following types of KBHQ at the Airport:
- Service of declaring business type, non-commercial;
- Service of declaring types of export production, types of processing and investment;
- Declaring services: Types of transit, tax-free investment goods,...
Types of warehouses at Cat Lai Port
Proship and FadoExpress are planning to deploy the following types of customs declaration at the port:
- Customs declaration services for export production, investment - processing;
- Customs declaration services for business imports - A11, non-commercial imports - H11,...;
- Type of business export: B11;
- Type of on-site import and export (selling goods into export processing zones)...;
- Temporary import for re-export, temporary export for re-import,...
Target customers of Customs Service at Airports and Seaports
KBHQ Proship Logistics and FadoExpress agents target the following customers:
- Companies export and import through Vietnamese and International Airports and Seaports;
- Companies exporting and importing in and out of Industrial Parks and Non-tariff Zones;
- Customers need to use full-package Customs Logistics Services.
Customs declaration address at Cat Lai Port and Tan Son Nhat SB
At Cat Lai Port
KBHQ at Cat Lai Port (Address: Saigon Port Border Gate Customs Branch, Area 1, Gate B, Cat Lai Port Area, Le Phung Hieu, Cat Lai Ward, District 2).
At SB Tan Son Nhat
- TCS Warehouse: 46 - 48 Hau Giang, Ward 4, Tan Binh District, City. Ho Chi Minh.
- SCSC Warehouse: 30 Phan Thuc Duyen, Ward 4, Tan Binh District, City. Ho Chi Minh.
Ho Chi Minh
Proship Joint Stock Company
Pick-up point:
PROSHIP HO CHI MINH CITY TAN BINH DISTRICT : 26 Van Chung, Ward 13, Tan Binh District, Ho Chi Minh City
Sales office:
21Bis Hau Giang, Ward 4, Tan Binh District, City. HCM
The information provided by Proship Logistics hopes to help businesses understand what the concept of entrusted import and export is , who entrusted export/import is for as well as the risks of entrusted import. What is an export trust, what is the process of an import-export trust to effectively support customs clearance of goods. In addition, customs agents of FadoExpress and Proship also receive warehousing at Cat Lai Port, Tan Son Nhat SB for a cheap package. If you need to use the service, please contact us immediately at 0909 344 247 .
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
