Information on Total Logistics (Forwarding, Customs Brokerage & Warehousing)
Cross-border transactions, such as importation of products, follow strict rules and regulations governed by the Philippine Customs and government bodies such as Department of Agriculture (DA) and the Department of Transportation and Communication (DTC). Shipments to the Philippines can only be released if all required documents and forms are submitted to, and approved by these bodies.
Some of the documents required for an entry include the following:
1. Commercial invoice- This invoice typically consists of information on the total value of goods, currency of the purchase, country of origin or manufacture, shipper, consignee’s full name and address, a quantity count and detailed description of the imported products, and its terms of sale.
2. Packing list- a formal document that lists down the details about the cargo such as the name of the exporter and importer, the measurements/dimensions of each package, and the weight of the cargo.
3. Commercial Bill of Lading or Air Waybill- A bill of lading that serves as a receipt of goods by a carrier and as a contract of carriage between the shipper and the carrier. It covers the movement from origin to the port of entry.
4. Certificate of Origin and country of origin markings
5. Approval of other regulatory agencies – Some products are also subject to approval by other agencies, such as Bureau of Food and Drugs (BFAD) and Department of Environment and Natural Resources (DENR), before entry is approved.
It is also a requirement that a Harmonized System (H.S) Tariff classification number must be applied to each product imported in the country, as it determines the rate of duties and taxes that must be paid to the Philippine Bureau of Customs, which is under the Department of Finance. For more information on customs, you may visit their website (http://customs.gov.ph/).
A freight forwarder is a person or company that is specialized to organize shipment of goods for individuals or companies. Forwarders contract with a carrier to facilitate the movement of goods. Some freight forwarders specialize in local pickup and delivery and others specialize in shipping to or from certain countries.
A customs brokerage is an import and export trade solutions specialist for air and sea shipments. It acts on behalf of importers and exporters to ensure that goods get through customs channels as quickly and efficiently as possible. It provides expert customs documentation and handles transactions with the Philippine Bureau of Customs concerning the entry and admissibility of merchandise. It can also handle clearance for both imported and exported freight. It can perform and expedite Customs clearance for your business at ports of entry in the Philippines.
Customs brokerage firms can, among others:
· Prepare import and export documents and other forms on behalf of clients in accordance with customs regulations, laws and procedures
· Arrange payments for taxes, storage, duties, freight, transportation, bonds and other expenses to cover duty of goods.
· Provide client representation in dealings with government officials
Total Logistics Provider
Is an entity that can provide the total logistics requirement of its clients from forwarding-customes brokerage-warehousing.
Because of the intricacies of the rules and processes of cross-border transactions, it is good business sense to use the services of a Total Logistics Company. (Links to member forwarders and customs brokerage) (http://www.freightnet.com/directory/p1/cPH/s23.htm)