Drew Andersen JJ Cavanaugh Gary Patterson Matthew Petrovich Part of BMWs 3 Series 30 Liter Twin Power Turbocharged 6cylinder engine 300 Horsepower Car amp Drivers 10Best 19 years running ID: 792302
Download The PPT/PDF document "Import Process of BMW 335i" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Import Process of BMW 335i
Drew AndersenJJ CavanaughGary PattersonMatthew Petrovich
Slide2Part of BMW’s 3 Series
3.0 Liter, Twin Power, Turbocharged 6-cylinder engine300 Horsepower
Car & Drivers 10Best 19 years running
BMW 335i Sedan
Slide3Route
Transportation CarriersDTC Transport Logistics
Wallenius
Wilhelmsen
LogisticsNational Transport, LLCTotal Cost - $48,329.00 or €36,827.00
Major Facts and figures
Slide4Import Process
Slide5Letter of Credit
Goods
Contract
Application
Documents
Letter of Credit
Documents
Documents
Letter of Credit
Slide6Letter of Credit
Slide7Based in Germany
One of Top 10 auto manufacturers in the worldCore competenciesInnovationHigh performanceEngineeringCritz BMW
Based in Savannah
Serves Savannah, St. Simon’s, Statesboro, Brunswick, Hinesville, and Claxton areas.
BMW
Slide8Deutsche Transport Company
Based in Bamberg, GermanyDelivers to 35 European Countries72 RoutesHandle Intermodal, Warehousing, Customs Clearance and Logistics Consultation
Foreign Inland Transport
Slide9Dingolfing
, Germany to Bremerhaven, Germany
Factory to Port Route
7 ½ Hours
or
825 km
Once in Bremerhaven, shipment is inspected and loaded onto
RO-RO carrier
Slide10Export Documents
Bill of Lading
Certificate of Inspection
Slide11Export Documents
Certificate of Origin
Commercial Invoice
Slide12Export Documents
Packing List
Slide13Wallenius
Wilhelmsen LogisticsIntermodal 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.
Ocean Transport
Slide14Bremerhaven, Germany
ToBrunswick, Georgia
Port to Port
Lead time for shipping is 19 days
Once arriving in Brunswick, shipment must clear customs inspection
Slide15National Transport LLC
Specializes in automotive transportationOffers open/enclosed trailers for vehicle transportation
Domestic Inland Transport
Slide16Port 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.
Slide17Breakdown of Costs
Cost
Price
Form
of Payment
BMW 335i base cost
€28,125.45
L/C
Insurance
€562.50
Cash
Sales Tax (German)
€4781.33Cash
Duties (FAS)
$984.38
Cash
Domestic Inland Transport (US)
$345
Cash
Foreign Inland Transport (DEU)
€247.60
Cash
Ocean Carriage
€719.10
Cash
Total Vehicle Cost
$48,329
or
€36,827
Slide18Forward Market Hedge was used.
Savings = $352 by choosing the spot rate and exercising the option on
an option contract.
Currency Hedging
Vehicle Price (€)
Exchange Rate
Vehicle Price ($)
€28,125.00
Oct 16 (Spot) - $1.3976/€
$39,375.00
€28,125.00
Jan 14 (Forward) - $1.4125/€
$39,727.00
Slide19Used Harmonized Tariff Schedule
Germany is a general column 1 trade countryThe vehicle falls under heading 8703.23.002.5% of vehicle cost (FAS) is due for duty paidTotal Duties:
(39,375 x .025)= $984.38
Duties Paid
Slide20Harmonized Tariff Schedule
Slide21Customs Clearance
Bill of Lading
Certificate of Origin
Slide22Customs Clearance
Certificate of Inspection
Import Declaration
Slide23Customs Clearance
EPA Declaration
Commercial Invoice
Slide24Customs Clearance
Inward Cargo Manifest
Packing List
Slide25Customs Clearance
Surety Bond
Inward Cargo Declaration
Slide26Summary
Slide27Questions??