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Container Yard

Commercial-Guide Import and Export
Shipments.

Payment Terms​​

 

  1. Letter of Credit: Use letters of credit to secure payment from buyers.

  2. Bill of Exchange: Use bills of exchange to facilitate payment.

  3. Cash in Advance: Require payment in advance from buyers.

 

Insurance and Risk Management

 

  1. Marine Insurance: Insure goods against loss or damage during transportation.

  2. Cargo Insurance: Insure goods against loss or damage during storage and handling.

  3. Risk Management: Identify and mitigate risks associated with international trade.​

 

Documentation​​

 

  1. Commercial Invoice: Prepare commercial invoices to accompany shipments.

  2. Bill of Lading: Prepare bills of lading to serve as receipts for goods.

  3. Certificate of Origin: Obtain certificates of origin to prove the origin of goods.

 

​Compliance and Regulations​​

 

  1. Customs Regulations: Comply with customs regulations in the country of import.

  2. Trade Agreements: Comply with trade agreements and treaties.

  3. Product Standards: Comply with product standards and regulations.​

 

By following this commercial guide, importers and exporters can ensure compliance with regulations, laws, and procedures, and facilitate successful international trade transactions.

Get to Know Us Better.

International trade involves the exchange of goods and services across national borders. Importing and exporting goods require compliance with various regulations, laws, and procedures.

Pre-Shipment Preparations

  1. Market Research: Conduct market research to identify potential buyers or suppliers.

  2. Product Selection: Choose products that comply with international standards and regulations.

  3. Pricing and Quotations: Determine prices and provide quotations to potential buyers.

  4. Sales Contracts: Negotiate and sign sales contracts with buyers.

Export Procedures

  1. Export Licenses: Obtain export licenses and permits from relevant authorities.

  2. Customs Declaration: Submit customs declarations and pay applicable duties and taxes.

  3. Freight Forwarding: Arrange for freight forwarding and transportation to the port of export.

  4. Loading and Shipping: Load goods onto vessels or aircraft and ship to the destination country.

Import Procedures

 

  1. Import Licenses: Obtain import licenses and permits from relevant authorities.

  2. Customs Declaration: Submit customs declarations and pay applicable duties and taxes.

  3. Freight Forwarding: Arrange for freight forwarding and transportation from the port of import.

  4. Clearance and Delivery: Clear goods through customs and deliver to the consignee.

What are commercial importations ?

 

  • Goods imported for commercial purposes

  • Goods imported by organizations.

Documentation required when clearing commercial importations.

 

  • Bill of Entry (Form 21)

  • Suppliers' invoices

  • Export or Transit Bill of Entry from the country of export (where applicable)

  • Bill of Lading (where applicable)

  • Value Declaration Forms

  • Rail Advice Note

  • Port Charges Invoices (where applicable)

  • Agent / Importer’s Worksheet

  • Original Permits, Licences, Duty Free Certificates, Rebate Letters, Value Rulings (where applicable)

Calculation of Duty.

 

  • Duty is calculated on the basis of Cost, Insurance and Freight (CIF) value of the imported goods.

  • The CIF value of the imported goods is an aggregate of the cost of goods, insurance, freight and any other charges incurred outsider Zimbabwe.

 

NB: Proof of all these charges must be produced.

Clearance Procedure.

  1. Registration of Bill of Entry: A Bill of Entry (Form 21) is registered on Direct Trader Input.

  2. Submission of Documents: Two sets of documents are submitted, clearly marked "ZIMRA Copy" and "Importer's Copy" or "Exporter's Copy".

  3. Attachment of Supporting Documents: All supporting documents must be attached.

  4. Payment of Clearance Fee: A clearance fee (prescribed amount) is paid to Zimra (the current minimum is US$10.00 for a single line entry and inclusively charge on each additional line included).

  5. Processing and Assessment: Documents are processed, assessed, and if correct, a Release Order is issued.

  6. Inspection of Goods: If necessary, an Examination Order is issued, and an inspection is carried out to verify quantities, classification, origin, values, or any other aspect.

Additional Requirements.

  1. Importers without a tax clearance certificate (ITF 263) must pay a 10% Informal Cross Border Trader's Tax on the value for duty purposes.

  2. Agents must ensure sufficient funds in their ZIMRA account to cover duties and clearance fees.

Temporary Importations.

 

These can be cleared as follows:

 

  • By payment of a temporary deposit which is refundable on export.

  • By an ATIP (Application for Temporary Importation Privileges) which is guaranteed by a bank or insurance.

" We handle imports as well as exports shipments for thousands of satisfied customers worldwide at a competitive rate . . . "

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Transportation of full truck loads, part loads cargo
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