Kenter Logistics Information Blog
Ship a Machine
Posted on September 19th, 2016
With the Up coming Elections that seem to be hindering a return to growth for America, there is a flood of used machinery on the second hand market for the USA – so it’s time to ask the question -Where do you need to ship a machine ?
Where or where can you ship a machine ? The downturn in the Australian Economy has been severe and for the past 18 months we have seen a huge number of Used Machinery being off shored. Whether it be forced due to Liquidation, or companies taking survival measures to ease some cash flow pressure. We have noticed a scarcity issue starting to appear in Australia on smaller equipment mainly in construction for road works. This is staring a demand to ship a machine
or two back into Australia’s market.
Many Kiwi’s have been using us to ship a machine across the ditch for the last 3 months. Again this is more focused on construction for a growing population, Road works and Housing, not so much commercial development but the Kiwi economy is strong.
For the larger equipment we often get requests to ship a machine or packages to Karachi – an emerging economy and strong feeder region to India. India has significant restraints on trying to ensure Used Machinery is not coming in for Scrap and will infact be used for the purpose they were built.
Before you consider where you might sell or ship a machine due diligence is vital. You may originally have a $15,000 profit base from the change in currency and demand after shipping, but that can swiftly be taken away if quarantine
, and compliance issues
come into play on discharge at destination port worldwide.
All countries have their own little idiosyncrasies, in theory they are similar, but there are many market and economy protection issues also in play. Its worthwhile having a Quick discussion about what’s involved by contacting us
I found the below article in the Wall Street Journal a Very interesting read –
Heavy-Equipment Glut Weighs on Machine Makers
Ritchie Bros. auction in Nisku, Alberta, on April 26. Trends toward leases and rentals are creating larger fleets of used equipment that trickle down the value chain. Machinery gluts can be lengthy because such equipment can last a quarter of a century or longer. PHOTO:CODIE MCLACHLAN/ASSOCIATED PRESS
Machinery users increasingly turn to secondhand gear, as global market slump persists
Used machinery is flooding the secondhand market, piling more pain on equipment makers battling slack demand from any customer that mines, moves or refines commodities amid a global slump in the value of everything from coal to corn.
Instead of buying a new $500,000 bulldozer or $300,000 excavator, many construction firms and other equipment users are renting or entering longer-term leases for machines to expand their fleets or replace worn out equipment, dealers and analysts say. Dealers, in turn, are keeping smaller inventories of new wheel loaders, backhoes and other machinery. That is hurting sales for Caterpillar Inc., Volvo AB, Deere & Co. and other manufacturers.
Machinery gluts can be lengthy because such high-price equipment can last a quarter-century or longer. The strong U.S. dollar also is damping demand from developing African and Asian markets that once snapped up used machines. Trends toward leases and rentals are creating larger fleets of used equipment that trickle down the value chain into a crowded secondhand market.
“There’s a lot of machinery sitting around,” said Bill Yurkovic, used equipment manager for Cleveland Brothers Equipment Co., a Caterpillar dealer in Pennsylvania and West Virginia. Demand there for dump trucks that cost more than $1 million and other large earth-moving machinery crashed along with prices for the coal and natural gas the region produces.
“It’s as bad as it’s been in my 30 years,” Mr. Yurkovic said. “A lot of renting. Not a lot of buying.”
With so much equipment up for grabs, used-machinery prices are down 10% from a year ago, Caterpillar says. Its dealers also are under pressure to keep up with price discounts on competitors’ new equipment. Lower prices for new machines provide further downward pressure on used values.
Auctioneers like Vancouver, British Columbia-based Ritchie Bros. Auctioneers Inc.—North America’s largest—caution that equipment volumes and sale prices can be volatile from month to month.
“It’s a lumpy business and you have to be very careful how you manage it,” said Ravi Saligram, chief executive of Ritchie, which last month said it planned to acquire its main rival—Pleasanton, Calif.-based IronPlanet Inc.—for $758.5 million.
Rental businesses account for half of new equipment sales in the U.S., and some analysts see that climbing to 60% within five years. Rental businesses typically replace their equipment within three years, providing a consistent supply of late-model machines for the used market.
“You see new people coming into an area to do a project and renting all of their equipment,” said Mark Kozik, owner of Scranton Craftsmen Inc., a Pennsylvania-based building contractor.
Contractors are increasingly choosing to lease instead of buy new equipment. Leases allow them to pay less up front, especially when the manufacturers’ financing arms offer attractive lease rates—lower than the cost of shorter-term rentals.
“A guy can lease a machine for a year or two and pay as little as one-third of what he could get it for as a rental,” said Frank Fowler, senior vice president of used equipment at Ring Power, a Caterpillar dealer in St. Augustine, Fla.
While leasing a new construction crane or compact skid-steer loader is as good for a manufacturer’s production volume as selling it outright, a leasing splurge can create unwanted competition for new models by flooding the used market with machines.
According to Barclays Research, almost 40% of construction-equipment sales financed by Deere’s credit unit are for leases, up from about 30% two years ago and double a decade ago. Half of Volvo’s financed construction-equipment sales are for leases, up from a quarter 10 years ago, according to Barclays. Volvo declined to comment on its strategy for used equipment and leases. Deere said it has recently lengthened lease terms and raised payments to drive down residual values at the end to of the leases to reflect lower prices for used equipment.
Auctioneers are also seeing rising sales from the used-equipment glut. Dealerships, rental companies and equipment-fleet operators are resorting to auctions, where turnover is quick but prices are typically lower, to get rid of equipment they can’t sell themselves.
Auction sales of construction and mining machinery tracked by Rouse Services of Beverly Hills, Calif., were up 19% in first half of this year from same period in 2015. The volume of equipment sold at auction rose more than a third in the first half of this year.
Mike Jeffries, general manager of United Contractors, a highway-bridge builder in Iowa, has warmed to IronPlanet as a great way to update his fleet more quickly than combing through used models on dealers’ lots.
“When the economy is down, that’s a good time to update equipment,” he said. “We’re trying to get rid of our older equipment and then buy newer stuff.”
Changes Ship Car Australia
Posted on September 13th, 2016
A new online system see Changes You NEED TO KNOW BEFORE YOU Ship a car to Australia !
The Department has developed a new online system for processing vehicle import applications and issuing vehicle import decisions. ship car Australia.E
Ensure you have applied using the right form before starting the physical process to Ship a car to Australia.
Through a new online client portal, the new system will streamline the process of submitting applications and receiving decisions. No Changes have been made as yet to the different rulings relating to the personal Imports option
. It is simply the way we go about applying for the Import Permit before we ship a car to Australia. Ship Car Australia
Changes have also been made to the paper application forms. Please note that applications will no longer be accepted using old versions of the forms. Because the Department of Infrastructure processes the Forms on a ”By Received Date Basis” it is vital to ensure you are submitting the right documentation from the outset. A really good source of the process can be viewed on the Infrastructure site by following this link
For information on how to import a vehicle
, please contact the Department at firstname.lastname@example.org ship car australia
Vehicle importers or their agent will need to register in the online system, when it commences, before submitting their first application.
If you are planning to use an agent contact us
, they must be registered on the system before you can nominate them, so please ensure that your agents are aware of these changes.
Consideration needs to be given about what type of user you wish to register as, the four options are:
- an Individual—individuals that may be considering to ship A car to Australia one or multiple vehicles; Ship Car Australia
- a Private Agent—someone who lodges import applications on behalf of individual applicants; typically, family or friends of the applicant;
- a Corporation/Organisation—this creates both an organisation and a corporate agent (an individual who submits applications on behalf of one specific organisation). Corporate agents are generally employees of the organisation and do not submit applications on behalf of applicants outside their organisation. Multiple corporate agents can be registered for an organisation; or
- a Freelance Agent is what Kenter International falls under when we help you to ship a car to Australia—a person who submits applications for individuals and organisations for a fee. Freelance Agents can represent multiple organisations and/or multiple individuals.
Further information can be reviewed by clicking here
What Import Option Can I apply Under ?
The issuing of a Vehicle Import Approval may be subject to certain conditions. These conditions will be made clear when the Vehicle Import Approval is granted and may be unique to the particular vehicle. Breaching any stated conditions is an offence. Offenders may be prosecuted and fined or have their import approval revoked. Do this before ship car australia
Vehicles Manufactured before 1989 Option
This option allows for the importation of road vehicles manufactured before 1 January 1989. This option is designed to cater for the importation of older enthusiast, classic or historic vehicles.
Personal Import Option
This option allows migrants settling in Australia or expatriate Australian citizens returning permanently to Australia after a long period overseas, to bring their personal vehicle with them as long as it has been owned for the qualifying 12 month period.
Australian Plated Vehicles Option
This option allows road vehicles originally sourced within Australia but subsequently exported to be re-imported.
Small Road Trailers Option
This option allows for the importation of road trailers that have an Aggregate Trailer Mass (ATM) not more than 4.5 tonnes.
Race and Rally and Support Vehicles Option
This option allows for the importation of vehicles intended to be used for road vehicle rallies, closed circuit road vehicle racing and vehicles designed to support road vehicle racing or rallying.
Letter of Compliance Option
This option allows for the importation of vehicles which complied with the applicable Australian Design Rules (ADRs) at the time the vehicle was originally supplied to the market overseas.
Special Purpose Vehicles Option
This option allows for the importation of special purpose vehicles including city utility vehicles (fire tenders, garbage trucks, street sweepers), mobile cranes, mobile drilling rigs, and mobile plant and equipment. ship car australia
Exhibition Vehicles Option
This option allows for the importation of motor vehicles intended to be used primarily for exhibition purposes.
Non-Road Vehicles Option
A ‘non-road vehicle’ (often referred to as ‘non-transport equipment’ and/or ‘off-road vehicles’) refers to a vehicle not principally designed for use in transport and/or is not permitted to be driven on public roads.
Vehicles in Transit Option
This option allows the importation of vehicles for the purpose of having modifications, repair or other work performed on the vehicle. The vehicle is to be re-exported without being used as transport in Australia.
New Vehicles (including Large Trailers) for use on road Option
This option allows for the importation of road vehicles in either low or full volume including road trailers that weigh more than 4.5 tonnes Aggregate Trailer Mass (ATM).
Test and Evaluation Vehicles
This scheme allows for the importation of vehicles for testing to meet certification standards and evaluation of performance in Australian conditions.
Vehicles not covered under other options may be approved with discretion in exceptional circumstances. The approval usually has conditions attached.
Registered Automotive Workshop Scheme
This scheme allows for the importation and supply to the market of used vehicles. Approved Registered Automotive Workshops (RAWs) import, modify and plate used vehicles in accordance with concessional standards.
Specialist and Enthusiast Vehicle Register
Listing on the Register of Specialist and Enthusiast Vehicles means that vehicles can be imported into Australia under the Low Volume Vehicles Scheme and the Registered Automotive Workshop Scheme. ship car australia
Status of Forces Agreement (SOFA)
This agreement allows for the importation of road vehicles by military personnel temporarily posted to Australia under the terms of an intergovernmental agreement.
This ‘Carnet de Passage en Douane’ is an international agreement which allows the temporary import of a vehicle for up to 12 months by visitors to Australia. The carnet is obtained in the country of residence. Carnet is managed by Immigration and Border Protection.
The Above Information can be referred directly on the site https://infrastructure.gov.au. Kenter International takes accepts no liability for the Import of a Vehicle that does not meet the criteria to ship a car to australia and will not physically start the process to ship a car to australia unless the Import VIA has been sighted.
Register with the Department
Applications for vehicle import approvals are submitted through a secure client portal. Before submitting an application you must register with the Department. Part of the registration process includes providing photo identification (e.g. driver’s license or the identity page of the passport) to confirm that the applicant or company representative is a genuine person.
Vehicle importers range from global automotive manufacturers to one-off, individual importers. You will need to select the approach that is best suited to your circumstances.
Complete and then submit your vehicle import application.
Once you have registered, you may submit your application by logging into your client portal. An overview of the process is available at the Submit your application
page. And it Should be done before you Ship car australia.
Receive your vehicle import approval.
Once the Department has assessed your application, you will be notified whether your application has been approved or refused. The Department will send its decision via the email address nominated in your application.
Decisions are in PDF format. If you encounter any difficulties with decision documents (including accessibility issues), you may contact the Department.
If you have applied to import a vehicle under the personal import option or the letter of compliance option, you may need to plate your vehicle if you wish to register it for road use. An overview of the process is available at the Plating vehicles
page. Ship Car Australia
You will generally be notified within 20 working days of receipt of your completed vehicle import application of the decision to approve or refuse your application. The Department aims to process applications sooner than this.
Circumstances that may prolong the assessment of an application include:
- submitting an application using the paper application forms;
- not submitting all supporting documentation with your application;
- if your application requires technical assessment;
- if you or your vehicle is deemed as not meeting the import option initially selected; or
- seeking special consideration as to why you should be allowed to import your vehicle even if you or your vehicle does not meet any eligibility criteria set out in the Motor Vehicle Standards Act 1989 or the Motor Vehicle Standards Regulations 1989.
Where you do not comply, you will be sent a query requesting additional information or provided with a Provisional Assessment, which sets out other possible options available under legislation. Ship car Australia
Applicants should allow at least five working days for any additional information to be reviewed as part of an application.
If the information provided is satisfactory, you will be issued with an approval to import the vehicle (Vehicle Import Approval) by email.
NOW YOUR READY TO SHIP YOUR CAR TO AUSTRALIA !
If we applied we’ll let you know we are now getting the shipping underway, or as soon as you have received the Vehicle Import Approval let us know by sending us a copy to email@example.com.
International Freight Quote
Posted on September 9th, 2016
International Freight Quotes – Shipper beware
Not only do many businesses commit to their freight provider via their international freight quote based on price alone, they aren’t even aware of the best shipping options and service. Once you have your cargo collected, there’s no going back !
The issues and headaches it maybe causing you currently are:
- Your Goods are never arriving on time to the customer, meaning more time and energy being spent on tracking where the cargo is and trying to give it a hurry along
- Customers moving to different provider of goods because yours take a trip around the world
- The Summer has passed and your USD20,000 boat that you are importing has arrived just in time for winter
- Hidden costs accumulating such as interest on the costs you haven’t been paid for yet slowly but surely eating into your profit
- A drop in currency while the goods sat on the water for 3 additional weeks and no-one thought to talk to you about hedging
- The Car you thought would be a great drive can’t be registered in country, you are left with a loss of money but also No Car because it cant get an import permit !
- Declining opportunities to sell into because you aren’t familiar in the destination country and have no one there to look after your interests.
Kenter helps countless different business owners and personal importers overcome the challenges associated with Importing and Exporting. Our International Freight Quotes for Express airfreight to Heavy lift cargo is accurate and firm. We will list all the processes, if you don’t want us to manage them all thats ok. If you want to manage some of it we will tailor the right International Freight Quote for what you afford, and what you need to prioritize. If you need us to manage it all and just keep you up to date, we find this places most of our customers in what we like to call the Sweet spot. True Visibility, no hidden charges and full risk mitigation based on our real life operational experience. On an International Freight Quote, depending on the cargo and the routing, along with the shipping method, there will be a number of different combinations of likely charges.
An International Freight Quote will generally consist of the below charges :
Ready To Get Started?
Great, Here’s How It Works
- Get in touch. Use our enquiry form to contact us about your project.
- Phone consultation. At this stage we’ll discuss your needs and options.
- Quote and proposal. We send you a proposal and a fixed price quote for your approval.
- Scheduling. We check cargo readiness, vessel availability and book space.
- Origin preparation of Cargo. We collate the export documents and schedule the various processes to get your cargo to port.
- Shipping begins! Our team of freight managers track your project.
- Collation and editing. Documents are collated and checked for inaccuracies with a careful eye.
- Draft approval. Ensuring all documents meet the destination port requirements we run this past our destination freight office.
- Revisions. If needed, you may request two rounds of revisions within 2 days. We’ll happily make any required changes at no additional cost.
- Payment. Your Freight and Disbursement Invoices are issued within 5 days of vessel sailing, you release the funds and we pay out the various service providers and shipping line we have worked with along the way.
- Complete! Shipping Documents and cargo are released on time and cargo delivered to the client.
If you want an international Freight quote without the BS – try working with Kenter International Today.
Importing into the USA
Posted on March 14th, 2016
Importing to the USA
9 Points for the Importer of Record and the process of Reasonable care
What can you do to meet requirements:
- Investigate government requirements in regards to a specific type of product and review the U.S. importer of record requirements
- Create a tariff database to use, it will minimise errors. Schedule a monthly review and update the database as necessary.
- Work with a licensed expert or NVOCC/Freight Forwarder for consultation and guidance. Having someone helping at Origin Port will save a lot of headaches.
- Have purchase order instructions that match invoice requirements.
- Train and provide procedures for employees to be compliant at Origin Port, Document processes for classification, valuation, certificates of origin verification, etc.. Simplify procedures
- Review invoices and documentation to adjust for compliance.
- Depend on more than one set of eyes. Customs Brokers can make mistakes. It is the responsibility of the business owner to review entries and create processes that reduce the possibility of re-occurrence.
- Set up clear and comprehensive record keeping. Know the documents to be kept, how they should be stored and how long they should be kept.
International Trade around the Globe means Change, you must make sure you have an internal process that ensures compliance and that the process are updated regularly. Shipments on a Global basis require multiple parties to work together in a streamlined manner with great communication. Shipping is easy, Compliance is crucial, mistakes are costly.
Clear processes and experienced partners can help make importation easier.
Verified Gross Mass Certification
Posted on February 29th, 2016
What is Verified Gross Mass?
Verified Gross Mass – As mentioned Earlier Last week Effective from 1st July 2016, with the SOLAS (Safety of Life at Sea) amendment covering container weighing regulations, a packed container will no longer be allowed to be loaded on board vessels unless its Verified Gross Mass (VGM) has been provided by the shipper to the ocean carriers and/or port terminal representatives prior to the load list cut-off date.
The new regulation was adopted by the IMO (International Maritime Organization) to increase maritime safety and reduce the dangers to cargo, containers, and all those involved in container transport throughout the supply chain.
Verified Gross Mass Equation = Weight of the Cargo plus weight of Dunnage and Bracing Plus the Tare Weight of the Container. It must be provided either in the ‘Shipping Documents’ or as a separate notification depending on which way the Shipping line wishes to develop its Liability Protection procedures. Remember many in the Supply chain already undertake this declaration in the Container Weight Declaration so it may only be a small adjustment in practices.
What are the two permissible weighing methods before these containers can be loaded on a vessel;
Weighing the container after it has been packed – the average cost associated with this will add significantly overtime to the bottom line for shippers. The Average cost for a trip over a set of weigh bridge scales …………big impact on bottom lines
Requires weighing all the cargo and contents of the container and adding those weights to the container’s tare weight as indicated on the door end of the container.
This can mean Wait time, delays and more importantly additional Charges if you are not organised. Would Pay to Review your current service providers to see what you can start now to mitigate additional expenses from these changes.
A really great printable document can be found here on the CBFCA site
for Australian Shippers.
Verified Container Mass – AMSA MO42 Changes
Posted on February 22nd, 2016
Will they still load your export container onboard after July 1st 2016
The accurate weight of containers has not always given by shippers or packing yards. The incorrect declaration of container weight has led to accidents and continues to pose a huge risk to on-and offshore personnel, on the roads and inside terminals, to cargo and to equipment. Most of this information is currently supplied to the Trucking Company as they must have a Container Weight Declaration prior to lifting your container from the Ground to Its Side Loader, AMSA are moving to take this one step further in the supply chain.
AMSA (Australian Maritime Safety Authority) is currently finalising the draft Order for the amendment of Marine Order 42 (Cargo, stowage and securing) 2014 (MO42) to reflect the SOLAS (Safety of Life At Sea) amendments. AMSA is the governing and enforcement body in Australia. From July 1st 2016 a packed container will no longer be allowed to be loaded on board vessels unless its Verified Gross Mass (VGM) has been provided by the shipper named in the Bill of Lading, to the ocean carrier and/or the terminal representative.
Questions to ask here are – do you pack onsite yourself or do you hire a contractor, is your machinery packed at a yard with safe work methods in place or are you using Joe out in Oakford because he’s cheap. This is where the responsibility will lie primarily both for additional charges if the task and process hasn’t been streamlined causing your Export Container to not be loaded on board – or worse and Injury happens because the VGM (Verified Gross Mass) has not been recorded and received by the terminal. All of these processes should already be a part of your Export documentation – its just making the Liability and responsibility clearer.
Understanding that it is not a simple case of multiplying the number of pallets with 60 x 25Kgs bags with used machinery, for example working out the correct Boom Stick and Bucket Combination present in the Above open top was by no means a case of looking up one factory Spec catalogue – demolition units are greatly different from the type of combination and reach for an excavator you would need to use in earthmoving…so on and so forth right down to the weight of a ripper.
With the new regulation:
- The shipper will be the responsible party for providing the VGM – remember this is already a requirement of the supply chain if you are using a good container transport provider.
- The terminal operator will be obliged to ensure that only containers with a VGM are loaded on the vessel – and we have all experienced the flow on effect when a container doesn’t load, painfully expensive demurrage container charges and the delayed timeline of getting your product to market.
It would be a good idea to have a look at your current Container Export operations and also review the consultation documents available here: https://www.amsa.gov.au
There will be two permissible weighing methods for determining the VGM – we’ll tell you soon what they are and ideas for managing it
Port Of Brisbane Chain Of Responsibility Fee From 7TH July 2014
Posted on July 1st, 2014
As of 7th July 2014, the Port of Brisbane will be implementing a Chain of Responsibility Fee on all full import containers.
There will be an additional $12.00 + GST charge per import container coming off the wharf for this process.
More importantly – Stevedore’s will commence weigh in motion for all import full containers to comply with Chain of Responsibility Legislation. In addition to the standard fee, should the vehicle be given a red light (overweight), it will be stopped, refused exit from the terminal and the container(s) will be required to be removed from the vehicle. If any container is required to be removed from a vehicle then a Chain of Responsibility Overweight fee will apply in the amount of $150.00 per container and a futile trip may also be applicable.
The wharf will not release any container that is overweight until it can be loaded on to a vehicle and not set off the lights. Our transport can carry up to about 28T legally on a trailer and 23T on a side loader, the only issues then is the axle weights, if they are over the trucks will be stopped.
Please ensure all weight declarations are correct to avoid complications during collection of containers from the wharf.
Department Of The Environment – Compliance Report Form
Posted on October 4th, 2013
For your information and reference, please find attached the revised Compliance Report form under the new name of the department.
Please refrain from using any previous versions you currently hold.
Download the DoE Compliance Form »
Machinery Relocations – What You Need To Know
Posted on September 5th, 2013
Do you need to relocate your heavy machinery?
There are various aspects of machinery relocations that can affect the shipping schedule of your project.
In both domestic freighting and international shipment, relocating machinery is a complicated task. It requires excellent planning and a thorough knowledge of industry expectations.
What does ‘machinery relocations’ involve?
The terms that define machinery relocations can include the use of multiple services and machinery. It is useful for importers to understand the variety of machines and processes that can be used to assist you in achieving your project objectives. Some of these systems and processes (among many others) can include:
- Container packing and unpacking
- Plant and machinery dismantling
- Plant and machinery assembly
- On-site repositioning
- Customs Clearance
In addition to our moving fleet, the machinery used to bring about the relocation may include but is not limited to:
- Straddle Stackers
- Crane trucks
- Forklifts and fitters
Relocation of heavy machinery is a complicated, multi-faceted project. Are you up to date with it?
Along with the rules that affect the transportation of heavy machinery around the world, importers of heavy machinery into Australia need to adhere to strict policies set by the Australian Government.
A Focus on Safety.
A strong influence in the relocation of your machinery centers on strict procedural safety laws. These include key principals that affect machinery and safety equipment, risk control and harm minimisation in equipment hazards and the purchasing of machinery and equipment for relocation.
Your machinery relocation should be a streamlined, safe and hassle free process.
A thorough assessment of the condition in which you wish to import your heavy machinery is the key to a safe and hassle free relocation. There are heavy consequences for those who fail to meet these rigid laws, so a thorough understanding is key to you project success.
Do you need more information? Ask the experts.
Through our services, Kenter are able to provide extensive advice to help you form a solid understanding about the expectations of the Australian Government, when it comes to relocating machinery in Australia. Our team are known for providing premium assistance when the complicated process of shipping heavy machinery is involved in your next project.
Get it right, first time.
As the trusted providers in machinery relocations in Australia, you can rely on our board of professionals to get the job done tight, first time, every time.
To arrange your personalised quote, please call our customer solutions team and speak to one of our trained staff about your project.
Export & Import In Australia
Posted on August 30th, 2013
Australia is a large player in the wider world economy. The forces of globalisation have meant that the gateways for the importation and exportation for goods and services have been opened up in recent years. This fact sheet will help you understand some important facts about importing and exporting in Australia.
What is exporting?
The practice of exportation can be defined as ‘sending or transporting a commodity abroad, especially for trade or sale’. Exportation contributes to a large portion of the Australian economy and thus plays a vital role in its success or failure.
Advantages of exporting
According to Austrade (The Australian Trade Commission that regulates trade coming into and going out of Australia. It is a Federal Government initiative), exporting goods and services can be a ‘profitable way of expanding your business, spreading your risks and reducing your dependence on the local market’. Furthermore, Austrade has found that businesses who engage in export will most likely be more profitable than those that do not. The practice of exportation also exposes you to markets that you would not otherwise have access to, given that Australia is a largely isolated Nation. It is also understood that being exposed to other markets will ensure that you receive a deeper knowledge of your product and the various markets that you export to.
What is importing?
The practice of importation can be defined as brining goods or services into a country for sale or profit. Like Australian exports, importing goods and services can contribute to a large part of the Australian economy.
Advantages of importing
According to the Australian Federal Government ‘importing goods can help your business meets its goals and provide services to customers that they may not be otherwise available locally’.
Rules and regulations
Almost anything can be exported out of Australia by any Australian Company. Having said this, however, this will depend on the goods compliance with Australian exportation rules and regulations. These rules and regulations are in place not only to protect the Australian economy but also in order to protect Australian Native wildlife, flora and fauna- particularly if you plan to import goods that are plant based or involve animals. Please be aware of the customs requirements before you import any product into Australia. It is also important that you familiarise yourself with the rules and regulations applicable to the country you will be sending your goods to if you are planning to export.