There are important ocean freight ports in Korea that are essential for delivering your goods. South Korea is located in the southern part of the Korean peninsula. This country is surrounded by water, with the Yellow Sea in the east, the East China Sea in the south, and the Sea of Japan in the west. Its neighbors China, Japan and Russia are quickly reached by sea from Korea.
Ocean freight to South Korea is so important since this country imports more than half a billion dollars of goods from all over the world.
It is the second-greatest world power in terms of naval capabilities and the twelfth-largest economy in the world. Therefore, ocean freight to South Korea is a leading choice for exports to Asia.
FCL or LCL for your ocean freight to South Korea
There are 2 ways for ocean freight to South Korea: full container (FCL) and groupage (LCL).
Full Container Load (FCL):
FCL is suitable for those dealing with shipment volumes of 11 to 25 Euro pallets. This is affordable in shipping a container. Shipping a full container is safe for your goods as it prevents damage. You can use two types of pallets: Standard or American pallet. When you choose FCL, the entire container is yours and is recommended for large product quantities. In addition, it offers shorter transit times than LCL.
Less than Container Load (LCL):
LCL involves sharing a container with other exporters. The advantage is that you only have to pay for space and weight that your cargo occupies, not the whole container. That makes LCL a cost-effective shipping solution for smaller shipments. There’s no need to load and unload the container yourself. But there are some disadvantages. You have to share a shipping container with other shippers’ goods and it is not suitable for fragile, delicate, or perishable products because of more handling and movements. In addition, the shipment process and transit times are longer due to the need for freight consolidation and deconsolidation.
Ocean freight ports in South Korea
Many countries export their products to this country as it is ranked in the Top 5 in Business. The trade is done via ocean freight since the South Korean has important ports: Busan, Gwangyang, Incheon and Seoul.
The port of Busan is situated in the Naktong River. It is managed by the BPA (Port Authority of Busan) and is responsible for the 40 percent of the country’s
exports and 80 percent of its container transit. Also, it is an important fishing port and the most important commercial ports in the world as it can accommodate 169 ships at once. It has six container terminals throughout the North port, the South port, the Gamcheon port and the Dadapo port.
CUSTOMS CLEARANCE IN SOUTH KOREA
HOW to be exempted of duties and taxes for an import from China to South Korea?
It depends on the type of products. China and South Korea signed a Free Trade Agreement. Most Chinese goods imported into South Korea are agricultural products and automobiles. The FTA can be used for this type of goods. So, are exempted of tax.
THE BILL OF LADING OR AIRWAY BILL (BL)
The Bill of Lading is an important document required by customs to screen your goods.
A PACKING LIST
It describes the details of your items such as dimensions, weight, composition.
A VALID DECLARATION FORM
You should complete this form and return via connected networks to the customs office.
A CERTIFICATE OF ORIGIN (CO)
It is a proof of your goods origin and ensures that your goods are produced in China. It must be issued by a government or a notary public. Also, it can exempt you from paying tax.
After the import declaration acceptance
If you’re in a situation where you cannot provide the necessary documents for a preferential tariff treatment before the acceptance of the import declaration, you must provide these documents within one year to the customs desk, to be tariff exempted. To the application for privileged tariffs, you must join an application for revision, the original CO and a duplicate of the certificate of import declaration.
Trade Relations Between China and Korea
Trade between China and South Korea have been important since 1992. China is South Korea’s first Import and Export partner. China export 22% of the goods to the South Korea and 25 % of the goods of South Korea sent to China. DDPCH company can help you in shipping and likes to expand the relation between the two countries.
As we have many years of experience on the two countries, we can deliver freight solutions at very affordable rates. Do not hesitate to contact us for more information about your transfer, we’re always at your service.
Here are some steps to receive your goods:
- When your goods arrived, they are stored in a custody.
- Then you must fill the tariff rate recommendation and the customs duty exemption recommendation.
- After that, you should send import declaration electronically to the customs.
- If there is any inherent customs duty to pay, you have two possibilities. You pay them in advance or you provide a bank document testifying of the security for duty payment.
- Finally, you can receive your goods.
SEA FREIGHT FROM/TO SOUTH KOREA
Korea is an industrial country and its economy depends on its importations. Korea is developing its port cities and water ways. Now, it is one of the biggest world maritime power.
MAJOR PORTS OF THE EAST COAST
It serves the capital city, Seoul. It imports gas, oil refinery and liquefied natural gas (LNG). Its container traffic in 2016 was of 2.7 million of TEUs, and its total cargo traffic was of 161 million Revenue Ton (RT).
Pyeongtaek is a LNG terminal. Its container traffic was of 518,700 TEUs in 2013.
Mokpo port is well-known for its shipyard. A vessel is building there for international clients.
MAJOR PORTS OF THE SOUTH COAST
It is the second crowded port of South Korea that has great container volume, and also an industrial function. It enters the gas, oil and steel for industry. Its neighbor, port of Yeosu, has a big oil refinery. In addition, Gwangyang manages a LNG terminal. The Orient Shipyard company is in this port. The capacity of this port was 266 million RT in 2015.
Busan is the biggest port. It manages the container. Many shipyards such as Hanjin Heavy Industries, Dae Sun Shipbuilding & Engineering, STX Offshore & Shipbuilding are there.
It is the neighbor of Busan port and imports petrol and other bulk shipments. Also, its oil refinery provides energy for the industry. Shipyard companies such as Hyundai Heavy Industries and Hyundai Mipo Dockyards are active there.
MAJOR PORTS OF THE WEST COAST
DONGHAE / SAMCHEOK
In Donghae, there is a shipyard company called SPP Shipbuilding.
DDPCH offers sea freight services and full container (FCL) and (LCL).
Since the transferring time and costs are so low between Korea and China, it is better to choose sea freight for transmit. You can also have more than one transfer. DDPCH works with all types of goods and so can provide all your needs and requirements. We fulfill your Ocean freight requests from China to Korea. Also, we offer insurance to prevent bad events. If any damage happen to your goods, your cargo will be refunded. Our purpose is to make the process of ocean shipping simple.
How Much Does It Cost to Ship Goods to South Korea?
The cost of ocean and air shipping to South Korea depends on many items. Here are the main factors:
- Nature of goods
- Chosen mode of transport (FCL, LCL, Air)
- Weight of the cargo
- Dimensions of the cargo
- Distance between origin and destination
- Type of service (such as port-to-port, door-to-door)
These documents are enough to finalize the customs clearance process. However, the authorities sometimes demand to see more documents, like certificates, permits, or licenses. You can count on us to support and guide you in this way.