Import Process of BMW 335i - WebStarts

Report
Drew Andersen
JJ Cavanaugh
Gary Patterson
Matthew Petrovich
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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Liquidation
Summary
Part of BMW’s 3 Series
3.0 Liter, Twin Power, Turbocharged
6-cylinder engine
300 Horsepower
Car & Drivers 10Best 19 years running
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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Liquidation
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Route
Transportation Carriers
◦ DTC Transport Logistics
◦ Wallenius Wilhelmsen Logistics
◦ National Transport, LLC
Summary
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Total Cost - $48,329.00 or €36,827.00
Overview
Flow of
Goods/
Documents
335 I leaves BMW PlantDingolfing, Germany
Car is loaded on Inland
Freight carrier
(DTC Transport Logistics)
Car is unloaded at port of
export (Bremerhaven,
Germany)
Cost
Analysis
and Payment
Car must clear customs at
the port before loading
(Brunswick, Georgia, USA)
Car is loaded on to the
ocean carrier (WalleniusWilhelmsen Logistics
Oberon)
Car is delivered to Critz
BMW. Savannah, Georgia
Customer receives car at
dealership.
Car is unloaded at port of
destination
Liquidation
Summary
Car is loaded on domestic
inland freight carrier after
clearing customs
(National Transport LLC)
Overview
Goods
Flow of
Goods/
Documents
Contract
Liquidation
Documents
Summary
Documents
Letter of
Credit
Cost
Analysis
and Payment
Letter of
Credit
Documents
Application
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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◦ Innovation
◦ High performance
◦ Engineering
Liquidation
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Summary
Based in Germany
One of Top 10 auto manufacturers in the
world
Core competencies
Critz BMW
◦ Based in Savannah
◦ Serves Savannah, St. Simon’s, Statesboro,
Brunswick, Hinesville, and Claxton areas.
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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Deutsche Transport Company
◦ Based in Bamberg, Germany
◦ Delivers to 35 European Countries
Liquidation
 72 Routes
◦ Handle Intermodal, Warehousing, Customs
Summary
Clearance and Logistics Consultation
Overview
Flow of
Goods/
Documents
Dingolfing, Germany
to
Bremerhaven, Germany
Cost
Analysis
and Payment
Liquidation
Summary
7 ½ Hours
or
825 km
Once in Bremerhaven,
shipment is inspected
and loaded onto
RO-RO carrier
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Bill of Lading
Certificate of Inspection
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Certificate of Origin
Commercial Invoice
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Packing List
Overview
Flow of
Goods/
Documents
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Wallenius Wilhelmsen Logistics
◦ Intermodal transportation company
Cost
Analysis
and Payment
◦ Specializes in the shipment of automobiles,
agricultural and construction equipment.
Liquidation
◦ Ship 2-3 million vehicles annually
◦ Also handles all vehicle processing, terminal
Summary
procedures, and distribution to retailers.
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Bremerhaven, Germany
To
Brunswick, Georgia
Lead time for shipping
is 19 days
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Summary
Once arriving in
Brunswick, shipment
must clear customs
inspection
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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National Transport LLC
◦ Specializes in automotive transportation
◦ Offers open/enclosed trailers for vehicle
Liquidation
Summary
transportation
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Brunswick, Georgia
to
Savannah, Georgia
Lead time is 1 ½ Hours
or 78 miles
Liquidation
Summary
Once shipment arrives
in Savannah, issuing
bank pays advising
bank which pays BMW
Group.
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Cost
Price
Form of
Payment
BMW 335i base
cost
€28,125.45
Insurance
€562.50
Cash
Sales Tax
(German)
€4781.33
Cash
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
$48,329 or €36,827
L/C
Overview
Flow of
Goods/
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Forward Market Hedge was used.
Documents
Cost
Analysis
and Payment
Vehicle Price (€)
Exchange Rate
Vehicle Price
($)
€28,125.00
Oct 16 (Spot) $1.3976/€
$39,375.00
€28,125.00
Jan 14 (Forward) - $39,727.00
$1.4125/€
Liquidation
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Summary
Savings = $352 by choosing the spot
rate and exercising the option on an
option contract.
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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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
Liquidation
Summary
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Total Duties: (39,375 x .025)= $984.38
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Bill of Lading
Certificate of Origin
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Certificate of Inspection
Import Declaration
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
EPA Declaration
Commercial Invoice
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
Liquidation
Summary
Inward Cargo Manifest
Packing List
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
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Inward Cargo Declaration
Summary
Surety Bond
Overview
Flow of
Goods/
Documents
Cost
Analysis
and Payment
BMW 335i leaves
Dingolfing, Germany
to Bremerhaven,
Germany
BMW travels on
RORO from
Bremerhaven to
Brunswick, GA
BMW goes through
US Customs process
Payment is
transferred from
issuing bank to
advising bank.
Car is transported
from Brunswick to
Critz BMW in
Savannah, GA
Liquidation
Summary

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