The best way to avoid this is to get shipping quotes from three different suppliers, even if you don’t plan on ordering from the other two. Hopefully, your supplier will be honest, though, as sometimes they try to overcharge you on the shipping fees. Local Chinese suppliers will get much better rates, so there’s no point in doing this on your own. If you do it from the UK (or US), you will pay much more. Yes, that’s right, ask the supplier to organise your courier shipping. If you have decided that courier shipping is the way to go, you should ask your supplier for the EXW price AND ask them to get a courier shipping quote for you. The downside is that courier shipments are very expensive and are only suitable for very small items (and sample orders). Delivery from China via courier usually just takes 4-6 business days. By courier shipping, I mean the fast air courier shipping method offered by companies like DHL, UPS, TNT and others.
Still, there’s a place for these pricing terms when you use a courier shipping method for your order. Sometimes referred to as the “ex-factory” price, EXW basically means the cost of the product and nothing else! No shipping costs or export fees in China are included in this price, never mind the local port and customs fees or delivery to your door. If, however, your order is small and you will use a courier delivery service, you should not use FOB. If you will use air freight then, again, FOB is the way to go (only this time it will be to an airport instead). If you will use sea freight, then yes, FOB is the way to go. Should you use FOB pricing with your supplier? It really depends on your order size and weight. Nowadays, however, with the rise of marketplaces like eBay and Amazon-and with everyday people importing smaller orders and using couriers and air freight more often-that situation has changed. The reason why FOB pricing is the most commonly used in China is because, traditionally, most goods are shipped by boat. However, you can ask them to send your goods to a different port-in which case, the FOB price will most likely increase. There are many ports in China, so depending on the supplier’s location, they usually use the closest port by default. Ningbo is a city in China, so FOB Ningbo means that this is the port that the supplier will ship your order to, which is covered by the FOB price. Often, you will see that the term FOB is followed by another word. This price won’t cover shipping from China to the UK (or any other country), insurance of the shipment, local customs fees (VAT & import duty), customs clearance fees, local port fees or delivery to your address.
This is basically the DEFAULT pricing used when dealing with suppliers in China. The most popular term used on sites like is FOB.
DPP ON RENTAL INVOICE DEFINITION FREE
Ok, without further ado, let’s cover five of the most popular shipping and pricing terms used when dealing with suppliers from China! FOB – Free on Board With that being said, some shipping terms are better than others and, in most cases, eBay and Amazon sellers will greatly benefit from selecting the most appropriate shipping terms for their situation. It all depends on what you’re ordering, how big your order is, what shipping method you plan to use, etc. Before we get into the specifics of what each of these terms mean, you have to understand that there is no ONE best pricing or shipping option to use. In this post, I will try to explain the importing process from China as simply as possible and to best of my knowledge.
Having your price or shipping terms wrong can turn your first order into a massive disaster! You can easily incur unexpected charges that you never accounted for, which can totally ruin your projected margins and chances of being profitable on eBay or Amazon.ĬNF, CIF, DDP, FOB, Ex-Works-what do they all mean? And, most importantly, which of these shipping methods is the most cost-effective? Which one is the best for your situation?
DPP ON RENTAL INVOICE DEFINITION HOW TO
If you’re an eBay or Amazon seller who has just recently started importing from China, you know there are LOTS of things to learn! You need to know everything from how to filter out scams on sites like Alibaba to the best ways to order product samples, as well as all kinds of specific, previously unknown business terms and abbreviations.Īnd it’s not like you can just ignore these new terms and abbreviations.
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