Chapter 4. export and import
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The document outlines the export and import procedures in Vietnam. For exports, it describes applying for an export license, preparing goods for shipment, arranging carriage and insurance, customs clearance, delivery to the port, and payment via letter of credit. For imports, it discusses applying for import licenses, opening a letter of credit, arranging carriage and insurance, customs clearance, taking delivery of goods, inspecting goods, and resolving disputes.
Chapter 4. export and import
- 1. IMPORT AND EXPORT PROCEDURES IN VIETNAM
- 2. EXPORT PROCEDURES Assumption: Contract has been signed, in which: - Terms of delivery: FOB, Incoterms 2010 - Cargo: bulk (not containerized) - Payment: by irrevocable L/C
- 3. EXPORT PROCEDURES Ask the buyer to open an L/C - Check L/C - Compare to Sales Contracts - Request for amendment if necessary Apply for export license - Goods free for imports - Goods needs automatic licensing - Goods under specific administration
- 4. EXPORT PROCEDURES Preparing export goods - Collecting - Packing and marking - Preliminary quality inspection Arrange carriage and insurance - Buyer’s liability - Help the buyer under his cost and risk
- 5. EXPORT PROCEDURES Pre-shipment inspection - Inspection agency - Inspection location Customs clearance - Exporter/Forwarder/Carrier - Documents: Contracts, Customs declaration, packing list… - Procedures: green/yellow/red lanes
- 6. EXPORT PROCEDURES Delivery - Contact port authority - Carry goods to the port - Watch the shipping-on-board process - Obtain documents required (B/L) Payment - Present documents required in L/C in due time
- 7. EXPORT PROCEDURES Dispute settlement - Claim settlement: according to sales contract; - Settlement by court of justice; - Settlement by arbitration Note: VIAC
- 8. IMPORT PROCEDURES Assumption - Terms of delivery: CIF, Incoterms 2010 - Cargo: bulk (not containerized) - Payment: by irrevocable L/C
- 9. IMPORT PROCEDURES Apply for import licenses Open an L/C - Prepare documents: Application form, Contracts… - Open an L/C in due time (security deposit may be required) Arrange carriage and insurance - Seller’s obligations.
- 10. IMPORT PROCEDURES Customs clearance - Who can perform customs procedures? - Documents required? - Procedures? Take delivery - Preparation after receipt of NOR - Obtain D/O - Take delivery of goods (documents?)
- 11. IMPORT PROCEDURES Inspection of goods - Quality inspection - Quarantine (if required) Dispute settlement - Claim and self-settlement - Settlement by court of justice - Settlement by arbitration