In front of the bayonet of the Three Gorges bonded logistics center, container trucks full of cargos of Xingfa Group were queueing for customs clearance, 3 forklifts in bonded warehouses were busying transferring the container cargo to the warehouse for storage ---This is a recent microcosm of the Three Gorges bonded logistics center serving the enterprises. For providing the enterprises better service, the Three Gorges bonded logistics center has built a platform of logistics stocks with the bonded logistics center being the offsite warehouse, thus making it possible for enterprises to achieve “Zero Inventories” through the implementation of "import stock" and "export stock". Under this circumstance, Xingfa group's food grade phosphate can be exported through the bonded logistics center, which has not only saved the warehouse investment, but also reduced the logistics cost by 10%.
Financing has always been a dilemma facing the development of SMEs. To resolve this problem, the Three Gorges Bonded Logistics Center has established collaborations with banks in warehouse receipts pledge, credit guarantee, etc. to provide a series of financing services for the foreign trade enterprises having entered the "center". In 2017, through multiple innovative products, including the "export increase credit", purchase-order financing, credit insurance financing, and the opening of L/C on enterprises’behalf etc., 23 enterprises in Yichang have received a loan of ¥230 million.
Another problem facing SMEs is their unfamiliarity to foreign trade business and lack of professional foreign trade talents. In this regard, the Three Gorges Bonded Logistics Center has introduced the 13 largest Freight Forwarder Companies in Yichang to be stationed in the Center, including SINOTRANS Yichang Company and China COSCO Yichang Company, which are to provide the foreign enterprises with specialized one package service with respect to the chartering space, warehousing transportation, and customs declaration & inspection, together with “Buy It Now”, and “Door-to-Door”. In these companies, knowledgeable staff, with full international and commercial expertise, are arranged to help the general SMEs explore the international market.
“We have innovatively launched several major reform measures, including bulk cargo regional transportation, ‘delivering goods in batches and making centralized customs declaration’, and short-distance transport socialization,. These have not only cut more than 30% of customs clearance cost for clients, but also greatly facilitated clients’ exchange, refund and all-weather ordering and delivery,” said Dong Ruliang, Chairman of Three Gorges Bonded Logistics Co., Ltd. This year, the company will collaborate with the customs to promote the implementation of the “consolidated tax collection”. This measure can help cut costs of some enterprises by a large margin.
It takes over 60 days for Yichang to transport directly to Europe and American countries through water transportation. During such a long shipment date, how should transportation and collection risks of goods be resolved? In this respect, Yichang Three Georges Bonded Logistics Center joins hands with China Export & Credit Insurance Corporation and banks to innovatively introduce the guarantee slip pledged financing and international factoring services. These services can guide and help foreign trade enterprises eliminate foreign exchange risk of export.
Since its operation, to satisfy corporate needs, facilitate trade and reduce cost, Three Georges Bonded Logistics Center has reformed its business model and supervision system to provide diverse services for 38 foreign trade enterprises, including Xingfa Group, Angel Yeast, Guangsheng Textile, HKC Electronics, Century Joint Innovation Technology and Sanning Chemical Industry. By the end of March, Yichang Three Georges Bonded Logistics Center has completed 251 transactions, supervised goods valuing ¥168 million and a cargo of 4,927.38 tons, registering a year-on-year increase of 386%. (Reporter Gong Changjun, correspondent Du Lidong)