Cost Of Shipping A Container To Ecuador

During container freight shipping process to Ecuador, your shipment may be subject to Value-Added Tax, Ad Valorem, FODINFA, or ICE.

Value-Added Tax is levied at the rates of either 12% or 0% of the excellent transportation, good importation, and service rendering. Royalties and intangible property are also charged with a 12% VAT.

Ad Valorem. Ad-valorem is consistent in percentages according to the type of merchandise.

FODINFA (Development Fund for Children). 0.5% is applied to the tax base of the import.

ICE (Special Consumption Tax). Percentage variable according to the goods and services that are imported.

Before packing your belongings and shipping a container to Ecuador, you should be aware that certain items require all the necessary details and documentation upon entry into the country. Importing products into Ecuador necessitates the following documentation:

● Commercial invoice
● Document transportation
● Original or copy of the bill of lading or airway bill
● Insurance policy following the Insurance Law
● Income tax registry number (RUC)
● Certificate of origin when applicable (to qualify for tariff preferences when available)
● INEN-1 certificate (standards compliance), when applicable.

Upon entering Ecuador, you must check if a specific good requires prior authorization and standards certification from various government agencies. Ecuador maintains bans on the import of used motor vehicles, tires, and clothing. Used special-purpose vehicles such as ambulances, mobile clinics, street sweepers, and fire trucks are permitted as donations. Ecuador applies a special consumption tax (ICE) to certain “luxury” products, including distilled spirits, beer, cigarettes, and soft drinks.

A Bill of Lading in the shipping dictionary is a record of trade goods received on board. It establishes a written agreement between a transport company and its client.

If a Bill of Lading is destroyed, stolen, or lost, the client won’t obtain a new copy unless the original document was found. You will need to submit several requirements to get another copy, such as a letter from the shipper, count order, letter of indemnity, bank guarantee, and a commercial invoice and packing list.

It’s essential to learn how to distinguish between taxes and duties because they often get interchanged.

Customs duties are a type of tax collected by customs to generate revenue for the government and to protect local industries. Anti-dumping taxes, trade tariffs, export duties, and excise duties are all examples of such measures.

Taxes are fees levied by the government on goods purchased in a country. This includes the VAT, sales tax, and the goods and services tax (GST).

Scheduling container delivery to your site, you must consider a few factors. You should know in advance the exact details about delivery fees, permitting requirements, ground conditions, and clearance space. Having your container delivered only to realize that you don’t have space for it is something you don’t want to go through.

A 20-foot storage container usually requires about 75 feet of straight clearance. A 40-foot storage container will need about 100 feet of straightforward clearance. For most containers, you need a minimum of 12 feet of width clearance and 20 feet of overhead clearance.

When shipping your goods to a different country, nothing is more important than ensuring the company you work with is the perfect fit. That’s why Three Movers will help you while you learn the differences between two types of associate companies, such as Non-Vessel Operating Common Carriers (NVOCCs) and Freight Forwarders.

According to More Than Shipping, Freight Forwarders and NVOCCs are classified by The Federal Maritime Commission (FMC) as Ocean Transportation Intermediaries. They usually get interchanged as the same during most transportation procedures due to their indistinguishable FMC categorization, but there are some differences between these. In the scope of multiple transport modes and international maritime, these differences are especially apparent.

A freight broker is a person that serves as the intermediary between a freight transportation provider and the shipping client.

Most service providers face unanticipated emergencies, and transportation companies are no exception. The sheer number of containers lost at sea is concerning. That is where insurance policies come into play.

Cargo insurance protects your container’s value and ensures its safety from physical damage. By deciding to spend a small fraction of your items’ value, you’re protecting your rights for when the day the unexpected occurs.