Munmun Singh

It will depend on various factors including the commodity, foreign destination, end use, and the end user. These affect the level of review required (Commission and/or Executive branch). Additionally, applications for specific licenses or license amendments are generally made available to the public for a minimum of 30 days.

According to the National Motor Freight Transportation Association, Inc., there are 18 freight classes, ranging numerically from 50 to 500, that classify a commodity based on an evaluation of 4 characteristics: density, stowability, handling and liability. Freight class is an important factor in determining the total cost charged by the carrier for shipping your item(s).

The Standard international trade classification, abbreviated as SITC, is a product classification of the United Nations (UN) used for external trade statistics (export and Import values and volumes of goods), allowing for international comparisons of commodities and manufactured goods.

DDU means Delivered Duty Unpaid. In a DDU shipment, except duty or taxes of importing country, all other charges have to be paid by the seller of goods. In other words, the selling cost of goods includes all charges to deliver goods up to the door of consignee except duty or tax of importing country. In a DDU shipment, the seller takes care of all necessary transportation, customs clearance charges, and shipping charges etc. at load port and destination port inclusive of handling charges at port of loading and port of discharge.

Hello Anna! One way to do this is to use a trading company (broker) inside China that you run the business through, let the broker build the credit with the suppliers from within China. Focus on building your relationship with the broker as they may have to manage more than one supplier in your behalf. It is easier for suppliers to collect on an entity in China compared to collecting on from you (an overseas company. One other way is to set up a Hong Kong company and build credit from that company inside Hong Kong. Companies in China are more willing to offer credit terms to those inside China.