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How the FTA Effects B everage Shipping

How the FTA Effects B everage Shipping. 6 Nov 2012. JF Hillebrand: Global wine specialist freight forwarding company. China. Overview. New Zealand-China Free Trade Agreement (FTA) Duty How the FTA impacts shipping How the FTA impacts documentation

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How the FTA Effects B everage Shipping

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  1. How the FTA Effects Beverage Shipping 6 Nov 2012

  2. JF Hillebrand: Global wine specialist freight forwarding company China

  3. Overview • New Zealand-China Free Trade Agreement (FTA) • Duty • How the FTA impacts shipping • How the FTA impacts documentation • Under the FTA, how you cope with shipping uncertainties • How the FTA impacts on supply chain arrangement • ASEAN-Australia-New Zealand Free Trade Area (AANZFTA ) • AANZFTA Duty • Singapore hub • How can you cope with FTA in terms of shipping

  4. New Zealand-China FTA: Duty

  5. New Zealand-China FTA: Duty Calculation Standard DUTY and TAX calculation: Duty: CIF X 14% Consumption: (CIF + Duty) x 10% ------------------------- = (CIF + Duty)/9 (1 - 10%) VAT: (CIF + Duty+ Consumption) x17%   Total: CIF X 48.2%

  6. Will China Customs automatically grant preferential duty for NZ wine?

  7. Import Clearance Procedure (example only) The importer/clearance broker needs to apply for preferential duty by providing all necessary paperwork.

  8. How the FTA impacts beverage shipping • Full Container Load (FCL) • Direct vessel • Indirect vessel, transshipment port • Non-Manipulation Certificate • Less than Container Load (LCL) • Transshipment port • Non-Manipulation Certificate • Where the import clearance needs to be done

  9. How the FTA impacts documentation Case study: Importer said to winery: “If you can’t get the docs right first time, we will stop buying product from you.”  Don’t treat it as one country. Documentation requirements can vary from port to port and also from agent to agent.

  10. Under the FTA, how you cope with shipping uncertainties? Case Study: We booked a direct vessel to Ningbo, but the shipping line changed schedules as the vessel was phasing out and containers got transshipped over Hong Kong. Uncertainty is an inherent feature of the shipping industry. The challenge is how you handle this uncertainty.

  11. How the FTA impacts on supply chain arrangement Hong Kong Wine Hub Hong Kong, gateway storage and distribution facility to cater to the fast-growing Greater China wine market?

  12. AANZFTAASEAN-Australia-New Zealand Free Trade Area

  13. AANZFTA-DUTY

  14. Singapore Hub Singapore, gateway to South-east Asia?

  15. How you can cope with the FTA in terms of shipping? Talk to an experienced freight forwarder who knows the requirements of the FTA, and can understand how shipping uncertainties impact on the FTA application. This will make your trade with China a less daunting task.

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