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Importing Wine

The law of the sea.

Importing Wine

Postby Bennet » Sat Nov 15, 2014 8:38 pm

Hello Davide,     I am attempting to start my own business in Texas, that will pertain to importing wine from Italy. I have yet to make a deal with a winery I have only just gotten my importing liscense and I,in a few days,will have my wholeseller and private carrier permit for the state of Texas.     Some questions are: How much wine to bring back? What is an average amount sold to retailers in a week or month? What the mark up is for each change of hands?(so that I can work backward to keep the cost of the price at the store low)     I am also having trouble really knowing how to interact with the wineries and if i should ship it myself or have the shipping included in the price of the bottle, if possible.     I was also wondering if I wanted to bring back samples before I actually chose a wine or winery how many could I bring back, not for retail, but for a wine tasting or something of that nature.     Are there any books, websites, etc. that you would reccommend I look into to help me answer what I am sure will be an ambush of questions the farther I get in this process.     Forms don't seem to be an issue for me, I think I have the red tape and paper work undercontrol it seems that it is everything else that I have no grasp of.

Thank you so much for taking the time to read this email and I appreciate any help that you can give.
Bennet
 
Posts: 29
Joined: Mon Feb 10, 2014 1:54 am

Importing Wine

Postby farquharson61 » Wed Nov 19, 2014 1:40 am

Dear Crissy

When you read this- go back to the last 6 answers there you will find the specifics of "Mark Ups" , Gross Profits, Italian wines, Quantities- and all the answers and more to the above question- After you've read those pages ask the questions again as required in a more specific application-Those last few replies will give you the "Bigger picture" of the whole operation- In Basic form let me just give you are recap-Then go back to the pages for more specific answers-

(1)LCL: less than container Load-That is rented space in a shared container is more expensive than if you bought n a FCL(Full container load)- because the unit price factor against the amounts bought in, offsets the Shipping costs greatly-

(2)NO- Unless you are fully experienced- You deal with the supplier with "paper"(quote, offer, contracts, payments) You ask the supplier for a full quote CFR to Custom Wharf Texas USA-(Cost and Freight) That's one headache taken care of- All procedures as far as the SUPPLIERS side is concernd is now in the hands of the SUPPLIER-in Italy: You as the middle person is the BUYER to the supplier- You as the Middle person then becomes the SELLER to the retailer,in USA- Hence Under ICC  you are legally defined as a BUYER/SELLER of Commodities-

(3)Customs USA will tell you exactly what is required to ensure Wine meets Texas import entry requirements- So when you make a quote request  to the supplier you also ask among other things ,for all those requirements to be met- and to quote CFR Texas USA: The Supplier will then quote you for CFR delivery as per your requirements-(4)Samples are Easier- and I have already answered this question- basically a 1000 dollars worth or less can be sent via normal post without Custom clearance requirements- Hence you ask for the samples, the Italian side packs it , declares it and sends it dirtectly to your address- Your payment is via your bank to the wineries bank(Bank to bank Procedures)- dont not USE Western UNION or other paymentsd methods- The money has to go to Your bank to the Italian wineries bank via SWIFT- that way if you do not get your wine- the money can be traced-(This is covered under the term PRO FORMA Invoice) You ask for a Fro forma invoice, and banking- the italians send you the invoice detailing everything about the wine you are buying-You pay as per the Pro forma invoice price -(bank to bank) they send the wine  to  you-marked as samples:

(5)Books Websites- there are so many- much is geared for corporate use- You are an intermediary or "Middle person" Hence Very difficult to get such advice specifically geared for the induvidual private trader-You have to Learn International trade procedures- which are complex but not that difficult to comprehend- after a month studying such procedures geared for the intermediary- you will be in a far superior position to order such products with a high degree of safety-

Please read the last six replies(or more)- then come back to me with with the questions that are still bothering you-

Kind regards

David Papa

www.ftnexporting.freeservers.com  
farquharson61
 
Posts: 55
Joined: Thu Mar 14, 2013 10:29 am


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