Business Talks: 4 Tips on Products Shipment
Every business involved in the importation and exportation of goods needs an efficient brokerage process. From your in-house inventory to choosing a customs broker, you need to make sure everything is in order.
The following tips should help you ensure a smooth business operation:
TIP #1: Polish Your Inventory
Before anything else, make sure your inventory process is spot on. List the items you need to import or export. Indicate all the important details, including the volume, price value, and destination. Do this regularly so you can easily track down the status of your items.
TIP #2: Stay Informed
Keep in mind that the Bureau of Customs in the Philippines is very particular about their policies and requirements. To avoid delays and other problems, you can check the list of requirements here. Importers must have an Import Clearance Certificate issued by the BOC. They should also have an account with the Client Profile Registration System (CPRS).
On the other hand, exporters should submit their packing list, updated invoice, bill of lading, export licensure, and customs export declaration documents. In addition, you should check certain restrictions before importing or exporting items.
TIP #3: Hire a Customs Broker
Hiring an authorized customs broker can make things easier for you. They can help you with all the paperwork, including the customs clearance in the Philippines. If possible, request for copies of legal documents, including their licenses and permits. Avoid making shady transactions with “fixers”. Apart from being penalized, authorities can suspend your business license once you get caught.
TIP #4: Prepare Your Shipment
Other than inventories and packaging, you should know the ins and outs of transporting your goods. Knowing the best time for shipment can help you save a lot of money. Set a timeline and coordinate with your broker to avoid delays.
Following these tips can ensure a smoother shipping process for your business. It’s better to be prepared; gather all the requirements and work with the right partners.