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What are the transit trading companies in Haikou market with formal qualifications and operational experience?
or complex compliance issues.
clearance and fund security.
I am the foreign trade manager of a solid wood furniture export enterprise in Guangdong. Recently, the EU's anti-dumping tax rate on our solid wood dining chairs has soared from 12% to 47%, which completely devours the already meager profits. As introduced by peers, transit trade can avoid anti-dumping duties.
It is said that Haikou is close to Southeast Asian transit ports, with low transit costs and fast timeliness. Last week I specially flew to Haikou to inspect the market, but after two days of visits, I only encountered either small intermediaries without formal qualifications or companies that only engage in transit trade of local agricultural and sideline products, and cannot find a reliable service provider that can handle furniture transit to the EU at all.
Now I have 3 containers of goods to be shipped next week, with only 25 days left before the delivery date. I am extremely anxious, and just want to ask what transit trade companies are available in Haikou. It is better that they have successful cases of furniture transit to the EU and can control risks throughout the process, otherwise I will not only have to pay liquidated damages to customers, but also lose cooperative relationships built over many years.
Jason WuYears of service：10Customer Rating：5.0
International Logistics & Supply Chain ManagerStart a Chat
First of all，you should be alert to common misunderstandings in Haikou's transit trade market: many enterprises blindly choose small intermediaries or "scalpers" without formal foreign trade agency qualifications in order to reduce costs. Such service providers have neither stable transit port channels nor the ability to build a compliant document chain.
The cascading negative effects of such choices are extremely devastating: goods will be detained at the transit port due to non-compliant documents，resulting in thousands of yuan of container detention fees and port storage fees per day，if the customs of the destination country finds traces of transit and the document chain is broken，the goods will be directly detained. In addition to paying high fines，enterprises will also be included in the trade blacklist of the destination country，and all subsequent export goods will be subject to key inspection，or even banned from entry.
Physical risk isolation measures need to focus on two cores: first，priority should be given to selecting companies with formal foreign trade agency qualifications and more than 5 years of transit trade operation experience，second，service providers should be required to provide successful cases matching your export category (such as solid wood furniture transit to the EU)，and present long-term cooperation agreements with transit ports and samples of compliant documents.
Exclusive loss-stopping tips: when signing the service contract，clearly write the clause that "if the goods are detained，delayed at the port or fail to clear customs at the destination country due to document problems of the service provider，the service provider shall bear all direct and indirect losses"，at the same time，require the service provider to purchase cargo insurance covering the whole transit process for the goods，with the insured amount no less than 120% of the cargo value，to ensure that the payment for goods and customer's liquidated damages can be covered in extreme cases.
Linda GaoYears of service：7Customer Rating：5.0
Documentation SupervisorStart a Chat
When selecting transit trade companies in Haikou, it is necessary to focus on verifying the professional competence of their customs declaration team, especially the customs declaration connection ability between the transit port and the destination country. The customs declaration team of a regular company will review the logical consistency of all transit documents in advance, including the certificate of origin, bill of lading, commercial invoice of the transit country, etc., to ensure that the document information fully matches the regulatory requirements of the destination country's customs.
If the service provider cannot provide the qualification certificate of the customs declaration team or the error-free record of previous transit customs declarations, you should choose carefully. Such companies are very likely to cause price review disputes at the destination country's customs due to inconsistent declaration information, and even lead to document deletion and re-declaration, delaying the delivery date. In addition, it is necessary to confirm whether the service provider can connect with the integrated customs clearance system of Haikou Customs to realize rapid customs clearance of transit goods and avoid detention at Haikou Port.
Grace WangYears of service：10Customer Rating：5.0
Senior Foreign Trade ConsultantStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on evaluating the stability of its transit logistics routes and the ability to control cargo rights. Regular service providers should be able to provide multiple alternative transit port routes, such as Port Klang in Malaysia, Singapore Port, etc., and can specify the shipping schedule, free storage period and container detention fee standard for each route.
Be alert to companies that can only provide a single transit route. Once the route encounters situations such as container rolling or full space, it will directly lead to cargo delay.
At the same time, it is necessary to confirm whether the service provider can control the cargo rights throughout the process, including whether the document exchange operation at the transit port is completed by its direct team, so as to avoid the risk of cargo rights being intercepted by a third party. In addition, require the service provider to provide an abnormal contingency plan, such as a port change plan when the transit port is fully loaded, to ensure that the goods can arrive at the destination country on time.
Eric ZhouYears of service：6Customer Rating：5.0
Senior Manager of Foreign Exchange & Tax RebatesStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on its cross-border tax planning ability, especially tax difference optimization and VAT deferral operation in transit trade. Regular service providers should be able to design a reasonable tax structure for enterprises according to the tax policies of the transit country and the destination country, such as using the low tax rate policy of the transit country to reduce the tax burden in the transit link, or reducing the capital occupation of enterprises through VAT deferral operation.
Be alert to companies that only focus on superficial agency fees and ignore tax compliance. Such companies are very likely to lead to inspection by the tax authorities of the transit country due to non-compliant tax structure, and enterprises will need to pay high taxes and late fees. In addition, require the service provider to provide tax compliance certificates for past transit trade to ensure that their operations comply with the tax regulations of the transit country and the destination country.
Daniel XuYears of service：10Customer Rating：5.0
Director of Import & Export OperationsStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on verifying its compliance ability of cross-border foreign exchange receipt and payment. Regular service providers should be able to complete foreign exchange receipt and payment for transit trade through the CIPS RMB cross-border payment system or compliant offshore accounts, ensuring that the capital flow fully matches the document flow and cargo flow. Be alert to companies that cannot provide compliance certificates for foreign exchange receipt and payment.
Such companies may have risks of illegal foreign exchange settlement or capital reflow, which will lead to enterprises being listed in the key supervision list by the State Administration of Foreign Exchange and affect subsequent cross-border receipt and payment business. In addition, it is necessary to confirm whether the service provider can interpret the details of SWIFT messages to avoid fund suspension or return due to inconsistent message information, which affects the capital turnover of enterprises.
Andy GuoYears of service：3Customer Rating：5.0
Supply Chain Management ExpertStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on evaluating its legal risk prevention and control ability for trade contracts. Regular service providers should be able to provide standardized transit trade service contracts, clarifying the rights and obligations of both parties, especially core contents such as cargo right transfer, force majeure clauses and liability for breach of contract. Be alert to companies that only provide oral agreements or simple contracts.
When problems such as cargo detention and delay occur, such companies often shirk responsibility for various reasons, and enterprises cannot safeguard their legitimate rights and interests through legal channels. In addition, require the service provider to provide samples of Letters of Indemnity (LOI) for transit trade to ensure that when cargo right disputes occur in the transit link, the problem can be resolved quickly through the LOI to avoid affecting the normal circulation of goods.
Michael ZhangYears of service：6Customer Rating：5.0
Customs Declaration & Compliance ExpertStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on its response ability to on-site inspection, especially the inspection handling ability of Haikou Port and transit ports. Regular service providers should have a professional team familiar with the on-site customs inspection process, which can predict inspection risks in advance.
For example, for goods that are easy to be inspected such as solid wood furniture, packaging marking and document preparation should be done well in advance. Be alert to companies that cannot provide response cases for on-site inspection.
When goods are inspected, such companies often cannot handle them in time, resulting in cargo detention at the port and high costs. In addition, it is necessary to confirm whether the service provider can identify the authenticity of seals, so as to avoid container replacement in the transit link and ensure the safety of goods.
Kevin LinYears of service：4Customer Rating：5.0
Trade Solutions ManagerStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on verifying its compliance management ability for export tax rebates, especially the document isolation ability between transit trade and direct export. Regular service providers should be able to build an independent transit trade document system for enterprises, avoiding confusion between transit documents and tax rebate documents for direct export, which may trigger tax correspondence or tax rebate verification.
Be alert to companies that cannot provide export tax rebate compliance certificates. Such companies may have mixed documents, leading to the rejection of enterprises' direct export tax rebates and even triggering tax inspections. In addition, require the service provider to provide document filing samples for transit trade to ensure that all transit documents meet the filing requirements of tax authorities and avoid subsequent tax rebate risks.
Lucas LiuYears of service：8Customer Rating：5.0
Senior Operations ConsultantStart a Chat
When selecting a transit trade company in Haikou, it is necessary to focus on evaluating its supply chain structure optimization ability, especially the linkage ability between transit trade and the enterprise's existing supply chain. Regular service providers should be able to design the optimal transit trade supply chain scheme according to the enterprise's cargo category, shipment volume and delivery date, for example, taking Haikou as a transit hub, integrating transit resources in Southeast Asia to reduce the overall logistics cost.
Be alert to companies that can only provide standardized transit schemes. Such companies cannot adjust the scheme according to the actual situation of the enterprise, which will lead to low supply chain efficiency and increased costs for the enterprise. In addition, require the service provider to provide a supply chain cost actuarial model to clarify the various costs and benefits of transit trade to ensure that enterprises can obtain expected profits.