Globalization has made it possible for small businesses to compete with huge corporations, both local and abroad. Decades ago, only big-named corporations were capable of shipping their products to foreign entities. This changed with the advent of technology and population explosion. Now, even uprising entrepreneurs can expand their businesses in other countries. Trade, goods, finances and even global markets opened up to all businesses large and small with the availability of global transportation.
Unfortunately, not all startup entrepreneurs are aware of the factors that affect the cost and timing of international shipment. If you have questions or aren’t sure if this scenario fits your situation read on and find out more about this topic.
Factors that Affect International Shipment and How Customs Brokers can Help You
If you are an entrepreneur who is looking into international shipment, you need customs brokers to help you with the following:
- Customs and duties: The contents of your shipment, disclosed value, what those goods are to be used for, country of origin are all considered when estimating duties. Understand that different countries have different importation rules and regulations that you have to comply with. All these will be explained to you by your customs brokers.
- Transportation: Transportation also affects the cost and timing of shipments. Typically, this is 10% of the total price of your freight. However, transportation cost may be affected by the following: what your product is, season, geography, surcharges, and more. Your customs brokers can help you find good deals with transportation companies.
- Finances and insurance: Paying these fees assure you that your goods will be paid or replaced in case of loss or damage. What role do customs brokers play? They can help facilitate the processing of your insurance.
- Unexpected costs: Most of unexpected costs during shipment are caused by missing documents, detentions, issues with customs, and similar conditions. If you hire reputable and responsible customs brokers, the chances of such occurrences can be minimized or eliminated. It’s because from day one, they’ll ask you for all the necessary documents to speed up the processing of your shipment.
How to find reputable, experienced Customs Brokers
Yes, there are many advantages to hiring customs brokers. But how will you find the best one?
Do your research. You can ask business acquaintances; search your local BBB or Google search for references. You can also read online reviews and forums. Once you find one that seems to fit your needs, contact them and ask for details.
Yes, there are factors that can affect the cost and timing of your shipment, but with the help of reliable customs brokers, you can be sure that your goods will arrive in shape on time.