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Import Process of BMW 335i

Import Process of BMW 335i. Drew Andersen JJ Cavanaugh Gary Patterson Matthew Petrovich. BMW 335i Sedan. Part of BMW’s 3 Series 3.0 Liter, Twin Power, Turbocharged 6-cylinder engine 300 Horsepower Car & Drivers 10Best 19 years running. Major Facts and figures. Route

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Import Process of BMW 335i

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  1. Import Process of BMW 335i Drew Andersen JJ Cavanaugh Gary Patterson Matthew Petrovich

  2. BMW 335i Sedan • Part of BMW’s 3 Series • 3.0 Liter, Twin Power, Turbocharged 6-cylinder engine • 300 Horsepower • Car & Drivers 10Best 19 years running

  3. Major Facts and figures • Route • Transportation Carriers • DTC Transport Logistics • WalleniusWilhelmsen Logistics • National Transport, LLC • Total Cost - $48,329.00 or €36,827.00

  4. Import Process

  5. Letter of Credit Goods Contract Documents Letter of Credit Application Letter of Credit Documents Documents

  6. Letter of Credit

  7. BMW • Based in Germany • One of Top 10 auto manufacturers in the world • Core competencies • Innovation • High performance • Engineering • Critz BMW • Based in Savannah • Serves Savannah, St. Simon’s, Statesboro, Brunswick, Hinesville, and Claxton areas.

  8. Foreign Inland Transport • Deutsche Transport Company • Based in Bamberg, Germany • Delivers to 35 European Countries • 72 Routes • Handle Intermodal, Warehousing, Customs Clearance and Logistics Consultation

  9. Factory to Port Route Dingolfing, Germany to Bremerhaven, Germany 7 ½ Hours or 825 km Once in Bremerhaven, shipment is inspected and loaded onto RO-RO carrier

  10. Export Documents Bill of Lading Certificate of Inspection

  11. Export Documents Certificate of Origin Commercial Invoice

  12. Export Documents Packing List

  13. Ocean Transport • WalleniusWilhelmsen Logistics • Intermodal transportation company • Specializes in the shipment of automobiles, agricultural and construction equipment. • Ship 2-3 million vehicles annually • Also handles all vehicle processing, terminal procedures, and distribution to retailers.

  14. Port to Port Bremerhaven, Germany To Brunswick, Georgia Lead time for shipping is 19 days Once arriving in Brunswick, shipment must clear customs inspection

  15. Domestic Inland Transport • National Transport LLC • Specializes in automotive transportation • Offers open/enclosed trailers for vehicle transportation

  16. Port to Dealership Route Brunswick, Georgia to Savannah, Georgia Lead time is 1 ½ Hours or 78 miles Once shipment arrives in Savannah, issuing bank pays advising bank which pays BMW Group.

  17. Breakdown of Costs

  18. Currency Hedging • Forward Market Hedge was used. • Savings = $352 by choosing the spot rate and exercising the option on an option contract.

  19. Duties Paid • Used Harmonized Tariff Schedule • Germany is a general column 1 trade country • The vehicle falls under heading 8703.23.00 • 2.5% of vehicle cost (FAS) is due for duty paid • Total Duties: (39,375 x .025)= $984.38

  20. Harmonized Tariff Schedule

  21. Customs Clearance Bill of Lading Certificate of Origin

  22. Customs Clearance Certificate of Inspection Import Declaration

  23. Customs Clearance EPA Declaration Commercial Invoice

  24. Customs Clearance Inward Cargo Manifest Packing List

  25. Customs Clearance Inward Cargo Declaration Surety Bond

  26. Summary

  27. Questions??

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