Exporting products from United Kingdom to Russian market

Résumé du document

We are a British company specialized in luxurious umbrellas. Our turnover was of £845,000 in 2007. Nowadays we export our products in all of Western Europe; our biggest customers are France and Italy. Our firm is now a big company and it is carrying on to growth. We wish to extend our market and to conquer emerging markets and more precisely, for a beginning in Russia. We believe in the future of Russia, above all, for luxurious products because the luxury market is progressively developing in Moscow. The economic growth is not stopping to increase. The choice to export abroad is a strategic choice and in order to avoid mistakes, the export manager has to work on all the details of this new challenge. The main objective we have, is to work with a supplier of luxury shops of Moscow, thus our products will be in all luxurious places of Moscow. Hence it is important for us to be responsible for the majority of the process because in our firm policy our future supplier will have the role to introduce our product and hence participate in the brand development.

Extraits

[...] The same is waited in the other country. With internet this approach is easier, we can find a lot of information but that can become quickly confused! The means of transport is a delicate choice, the transport is one of more risked step because of damage, thief, loss or delay. My choice for this export is to choose a freight forwarder. Thus we minimize the costs and made sure all the process will be in the norms. The incoterms has an important role, it allows to define the responsibility of buyer or seller for the cost, the delivery and the risks. [...]

[...] HM Customs and Excises website (2008) Single Administrative Document (SAD) Full 8 part set [online]. Available at: [Accessed 12th January 2008]. Business Link (2008) Exporting your goods outside the EU [online]. Available at: [Accessed 12th January 2008]. Business Link (2008) International transport and distribution [online]. Available at: [Accessed 12th January 2008]. Business Link (2008) Transport insurance [online]. Available at: [Accessed 12th January 2008]. Business Link (2008) Insurance for international trade [online]. Available at: [Accessed 12th January 2008]. Business Link (2008) International Commercial Contracts Incoterms [online]. [...]

[...] Customs registration involves custom duties for custom bodies of Russian federation on the goods. These duties are fixed according the value of the import goods. For our goods of a value of £3000, the duties will be of RUB500 equivalent to according to the table of the Russian customs website. This duty of RUB500 is for an amount inferior of RUB Let's pay special attention to the currency rate which is variable, today an amount of £3000 is equivalent to RUB We can note that the pound, noted GDP, has for digital code of currency 826 in Russia. [...]

[...] The origin is from United Kingdom because our factory is in Edinburgh. The value of our first order is of £3000. Thanks to internet, nowadays this document can be submitted electronically thanks to the National Export System (NES). The export declaration we need is the form C88, it is the more common export form (see it in annex). The export goods which have strategic or cultural values such as military equipment or products can be used for military uses, nuclear related goods or a technological transfer or information are submitted at more control and need a license. [...]

[...] The customer's bank will send it to us with its agreement to pay the goods in the delay. The delay of payment will be in the thirty days after that our customer will receive our invoice. The invoice of order will be sent after the departure of our goods. The invoice will be in pound, it is so in the charge of our customer to do the exchange from their Rouble currency to our Pound currency. Conclusion Export is a big job and need some precautions to limit the risks. [...]