Import process of bmw 335i
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Import Process of BMW 335i. Drew Andersen JJ Cavanaugh Gary Patterson Matthew Petrovich. BMW 335i Sedan. Part of BMW’s 3 Series 3.0 Liter, Twin Power, Turbocharged 6-cylinder engine 300 Horsepower Car & Drivers 10Best 19 years running. Major Facts and figures. Route

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Import Process of BMW 335i

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Import process of bmw 335i

Import Process of BMW 335i

Drew Andersen

JJ Cavanaugh

Gary Patterson

Matthew Petrovich


Bmw 335i sedan

BMW 335i Sedan

  • Part of BMW’s 3 Series

  • 3.0 Liter, Twin Power, Turbocharged 6-cylinder engine

  • 300 Horsepower

  • Car & Drivers 10Best 19 years running


Major facts and figures

Major Facts and figures

  • Route

  • Transportation Carriers

    • DTC Transport Logistics

    • WalleniusWilhelmsen Logistics

    • National Transport, LLC

  • Total Cost - $48,329.00 or €36,827.00


Import process

Import Process


Letter of credit

Letter of Credit

Goods

Contract

Documents

Letter of Credit

Application

Letter of Credit

Documents

Documents


Letter of credit1

Letter of Credit


Import process of bmw 335i

BMW

  • Based in Germany

  • One of Top 10 auto manufacturers in the world

  • Core competencies

    • Innovation

    • High performance

    • Engineering

  • Critz BMW

    • Based in Savannah

    • Serves Savannah, St. Simon’s, Statesboro, Brunswick, Hinesville, and Claxton areas.


Foreign inland transport

Foreign Inland Transport

  • Deutsche Transport Company

    • Based in Bamberg, Germany

    • Delivers to 35 European Countries

      • 72 Routes

    • Handle Intermodal, Warehousing, Customs Clearance and Logistics Consultation


Factory to port route

Factory to Port Route

Dingolfing, Germany

to

Bremerhaven, Germany

7 ½ Hours

or

825 km

Once in Bremerhaven, shipment is inspected and loaded onto

RO-RO carrier


Export documents

Export Documents

Bill of Lading

Certificate of Inspection


Export documents1

Export Documents

Certificate of Origin

Commercial Invoice


Export documents2

Export Documents

Packing List


Ocean transport

Ocean Transport

  • WalleniusWilhelmsen Logistics

  • Intermodal transportation company

  • Specializes in the shipment of automobiles, agricultural and construction equipment.

  • Ship 2-3 million vehicles annually

  • Also handles all vehicle processing, terminal procedures, and distribution to retailers.


Port to port

Port to Port

Bremerhaven, Germany

To

Brunswick, Georgia

Lead time for shipping is 19 days

Once arriving in Brunswick, shipment must clear customs inspection


Domestic inland transport

Domestic Inland Transport

  • National Transport LLC

    • Specializes in automotive transportation

    • Offers open/enclosed trailers for vehicle transportation


Port to dealership route

Port to Dealership Route

Brunswick, Georgia

to

Savannah, Georgia

Lead time is 1 ½ Hours or 78 miles

Once shipment arrives in Savannah, issuing bank pays advising bank which pays BMW Group.


Breakdown of costs

Breakdown of Costs


Currency hedging

Currency Hedging

  • Forward Market Hedge was used.

  • Savings = $352 by choosing the spot rate and exercising the option on an option contract.


Duties paid

Duties Paid

  • Used Harmonized Tariff Schedule

  • Germany is a general column 1 trade country

  • The vehicle falls under heading 8703.23.00

    • 2.5% of vehicle cost (FAS) is due for duty paid

  • Total Duties: (39,375 x .025)= $984.38


Harmonized tariff schedule

Harmonized Tariff Schedule


Customs clearance

Customs Clearance

Bill of Lading

Certificate of Origin


Customs clearance1

Customs Clearance

Certificate of Inspection

Import Declaration


Customs clearance2

Customs Clearance

EPA Declaration

Commercial Invoice


Customs clearance3

Customs Clearance

Inward Cargo Manifest

Packing List


Customs clearance4

Customs Clearance

Inward Cargo Declaration

Surety Bond


Summary

Summary


Questions

Questions??


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