To facilitate product importation, Golden Leverage handles all the following administrative and customs procedures:
International and domestic logistics
Incoterms, selection of forwarding agents, quotations, international payments, transport operations, shipping documents, insurance, monitoring of delivery schedules, contact with the forwarding agent for sea, air or land transport. Production time depends upon the volume and nature of the product purchased. In general, production requires between 15 and 60 days.
Transport to France from China requires:
• by sea: between 26 and 32 days.
• multimodal (sea and air): approximately 18 days.
• by air: approximately 5 days.
• express: approximately 3 days.
Our structure enables us to operate with all incoterms (International Commerce Terms).
Our services can include monitoring and all costs up through delivery to you.
In general, we work with FOB, DDP, DDU, CIF, EXW, etc., but we can offer other incoterm services on a case-by-case basis.
FAS: Free Alongside Ship For FAS, the seller pays for transport of goods to the port of loading. The buyer pays for the cost of loading, maritime transport, insurance, cost of unloading and transport from the port to the seller’s factory. Transfer of risk occurs when the goods are delivered alongside the ship at the port of loading.
FOB: Free On Board Goods are bought or sold FOB when they are bought without transport fees, without other relevant fees and taxes and without insurance for the goods.
DDU: Delivered Duty Unpaid For DDU, the seller pays all transport costs and bears all risk until the goods arrive at the destination unloaded, but does not pay any potential import duties or taxes.
DDP: Delivered Duty Paid For DDP, the seller pays all transport costs and bears all risk until the goods are unloaded, and also pays all taxes.
CFR: Cost and Freight The seller pays for transport to the port of loading, as well as the cost of loading and maritime transport. The buyer pays for insurance and transport from the port of arrival to the buyer’s factory. Transfer of risk occurs when the goods are loaded on board, thus at the port of loading. CFR can only be used for transport by sea and navigable waters. The seller must clear the goods for export.
CIF: Cost Insurance Freight CIF represents evaluation of the cost of a commercial exchange. It includes transport costs up to the national border. It is often used to express the total sum of exports in calculating the balance of trade. CIF is the opposite of FOB.
EXW: Ex Work For EXW, the seller makes the goods available at his factory premises on a specific date negotiated. The buyer pays all transport costs and import duties, and bears all risks associated with the transport of the goods to their final destination. This trade term places the greatest responsibility on the buyer for transport of the goods and is valid for all types of transport.
Customs operations and regulations
Customs procedures and taxes, access modalities for the Chinese market, current regulations, import procedures and regulations.
Receipt and verification of documents sent by suppliers: maritime bill of lading (BL, AWB, etc.), invoice, packing list, insurance certificate, inspection certificate, certificate of origin, etc.
Creation, monitoring and rigorous verification of documents to be submitted to banks for collaborations by letter of credit, etc. (D/P, D/A, transfer of L/C).
Golden Leverage accepts the following payment terms:
♦ 30% deposit at pro forma (contract) signing + balance at document handover
♦ 30% deposit at pro forma (contract) signing + balance prior to loading
♦ Sight letter of credit, 30 days letter of credit, we can also arrange other timelines on a case-by-case basis.
♦ D/P: document against payment, terms to be defined between our respective banks
♦ D/A: document against acceptance, terms to be defined between our respective banks
Re-packaging solutions, inventory clearance and packaging (pick and pack services), warehousing, labeling, final order preparation and client dispatch.