Source: Beijing Century View Co., Ltd.

On Jan. 6th, 2017, DECX and China Merchants International Terminal (Qingdao) Co., Ltd. worked together to establish a “China Merchants International Terminal (Qingdao) Co., LTD Demonstrative Bonded Warehouse” at Hilton Qingdao Golden Beach for developing storage, transit, etc. business of small - scale agricultural products, aiming at establishing a standardized trading platform and pricing center of spot goods and futures of global small - scale agricultural products, realizing the integration of the whole industrial chain, thus forming a globalized dynamic financial and service platform.

Base on China while keeping an eye on the world and rely on the advantages of Qingdao Port, this warehouse will serve as the overseas warehouse of China, Japan, Korea, Taiwan and Burma. Its trading network has extended globally.

DECX Commercial Network have reached a comprehensive strategic cooperation relationship with China Merchants International Terminal (Qingdao) Co., Ltd., laying a solid foundation for DECX global small - scale agricultural products trading platform. All DECX customers will be provided with 50,000 square meters bonded warehouse, which will be expanded to 250,0000 square meters in the future.

China Merchants Port Holdings Co., Ltd. is the largest port & integrated logistics park operator in China. Qingdao Bonded Logistics Park is the best harbor special storage area in China which realizes the seamless joint to the port and enjoys the unified customs supervision code. Developing businesses within it will effectively reduce customers’ logistics fees and time cost. It is well - equipped with supporting facilities, helping the storage and processing of small - scale agricultural products such as sesame, peanut, pea, flaxseed, mung bean, etc.. Qingdao Bonded Warehouse will be an indispensable channel for your globalization and internationalization.  

Here below is a detailed introduction of Qingdao Bonded Warehouse:

1. The target goods of Qingdao Bonded Warehouse

1) The goods without going through customs in general trades (for imports in China: suspension of taxes, documents problem);

2) The goods imported for processing trade (separate bill in customs declaration is available)

3) Transit goods (form a market of Japan, Korea, Taiwan and Burma)

4) Goods stored by foreign merchants temporarily (storage of goods from Africa and Southeast Asia)

2. The advantages of Qingdao Bonded Warehouse for domestic importers

1) Increase the speed of customs clearance, decreasing extra charges

2) Reduce the trade friction, facilitating the trade practice

3) Reduce the capital occupancy, cutting the trade costs

4) Transits are available at any time, so convenient and efficient

5) Lighten the burden on processing enterprises, increasing their competitive advantages

3. The Qingdao Bonded Warehouse storage charges

1) The storage fees of Qingdao bonded warehouse are 0.35 - 0.6 RMB/TON. At present, the fees are 0.35 RMB/TON, which is the lowest storage charges.

2) Local charges of imported sesame operation: 132 RMB/TON

3) Agency commission of exiting the bonded warehouse: fees for outbound declaration is 150 RMB/Bill

4) Agency commission for outbound inspection declaration is 150 RMB/Bill

5) Storage fees are charged by the day and ton, which is 0.35 RMB/Day/Ton

4. Qingdao Bonded Warehouse aims at facilitating the customers

1) The market and warehouse complement each other and the prices inside and outside the bonded warehouse are unified, which will benefit the customers.

2) Qingdao Port is the world’s largest importing port. Qingdao bonded warehouse will serve as DECX platform’s main delivery warehouse in China.

3) It takes about 1 - 2 days for the entry of goods stored in Qingdao bonded warehouse and only 1 day for the documents. Tariffs and value - added tax are no longer needed to be paid for storing goods in the bonded warehouse but only needed for releasing them from the bonded warehouse.

4) To help the entry and transit of customers’ goods stored in bonded warehouse at any time, there will be some specially – assigned people on duty around the clock at Qingdao Bonded Warehouse.

5. Charges for the transits of goods stored in Qingdao bonded warehouse to Japan & Korea

6. The sailing schedule of the transits to Japan & Korea of goods stored in Qingdao bonded warehouse

1). Ships from Qingdao to Tokyo, Osaka and Nagoya will depart on every Saturday and will arrive at the port after three days of direct sailing.

2). Ships from Qingdao to Inchon will depart on every Wednesday and Sunday and will arrive at the port after 2 days of direct sailing.

3). Ships from Qingdao to Busan will depart on every Monday, Wednesday, Friday and Sunday and will arrive at the port after 2 days of direct sailing.

7. The outlook of DECX – China Merchants International Terminal (Qingdao) Co., Ltd. platform

1). The global pricing center of sesame seeds

2). The pricing of buyers can be accepted after the import customs clearance

3). The supply chain finance and the warehouse service provider will rely on this platform

4). Effective and speedy, container detention charge and demurrage charge, etc. are no longer needed to be paid

5). The platform members will enjoy the low interest dollars and will have remarkable advantages

6). The advanced equipment in bonded warehouse will provide service for all members

7). Wherever the small bids for sesame are taken in Korea, the goods are always in Qingdao