How does the LCL freight work ?

What is the LCL process to send?

In seafood there are two bulk containers: Low container loading (LCL) and full container loading (FCL). As the name suggests, LCL contains a product that takes less space than a full container, meaning you need to share containers and FCL simply means you have all the containers for you.

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LCL Expedition: How It Works

Also known as “Groupage”, LCL sent together in a container. Because it’s a part of a container, it’s a bit more complicated and requires better coordination and more efficient operations to keep things running smoothly.

Book LCL

If you choose to ship LCL, you must share the size and weight of the cargo with your carrier. The plan, the current account and the package list must also be completed. Depending on the type of shipping and destination, additional options may be required.

Prepare your products

LCL shipments are usually sent on a fixed schedule, or a weekly schedule is key. The assembly of the LCL product takes place in a warehouse, the so-called group storehouse.

Your freight carrier can organize your freight, which is the most common exercise. You can also provide your own freight in the warehouse of the group.

Whichever option you choose, remember that your load must arrive at the warehouse on time. If the deposit is in / at the port of departure, the conditions for your collective storage rate will generally be seven days before the departure date. This depends on the location. In the homes, given the time required to take the container to the port, the deadline is earlier.

Once the LCL container is packed and prepared, it will be transported to the port of departure as specified in the contract / reservation. Container periods are usually approximately three days before the departure date. Once the consolidated shipment arrives at the port, it is delivered to the shipping company and then delivered to the port of destination.

LCL Shipping

packaging

If you make a shipment on a secondary port, your LCL cargo can be delivered to a transfer point where it is transported to another container, or expect additional products to fill the container before they reach their final destination.

  • Arrival to the destination

Once the LCL container arrives at the destination port, the destination means transit. Lift the container and transport it to a warehouse called the deconsolidation warehouse. There, the cargo in the container is deconsolidated in individual shipments of LCL.

  • Receipt of your goods

At this point, the recipient can go to the warehouse to pick up the products. You can also ask the agents to manage the delivery to the recipient. In this case, your products are transferred to the destination deconsolidation store in the destination store from where they are delivered.

  • Delays in the delivery of LCL

In general, sending LCL will not take more time than sending FCL in terms of execution time if all goes well. It can be even faster if you have the opportunity to get a last-minute space for your load.

  • Shared containers, joint responsibility

You may have to wait for other shippers to strengthen their cargo and be ready. In addition, if paper misalignments occur, delays are very likely because customs can contain the entire container. As much as you hate someone else’s mistake, you need to make sure that you are preparing your delivery in a timely manner and that the documents have been completed correctly and correctly.

  • Secondary ports

Another delay problem may occur if you send to lesser known ports. Most international companies provide regular and fixed transport days. But by sending your product to secondary ports, you have to wait a few weeks before your next departure date, and then you will have to wait longer for local cargo handling equipment to transport cargo from the main ports.

  • Transmission and intermodal

If freight is transhipped and / or intermodal, the delays are not uncommon. As mentioned above when transferring, your car may need to be unloaded and transferred to another container or waiting for other cargoes to be loaded into the container. In the case of intermodal transport, further logistics is needed as its cargo must be transferred from the deconsolidation port to the internal terminal and beyond.

SIAM Shipping - Dedicated freight forwarder in Thailand

Due to our attractive pricing & dedication, many customers trust our services and we thank them. Stop overpaying the services and save money with our tailored package matching will all type of shipment, from small volume to full container, let us find the best and most cost-effective option.

Communication is important, that's why we strive to discuss through the most suitable way for you !

Customs clearance in Thailand

Duties and tax regulation in Thailand

The proficiency of SIAM Shipping for worldwide moving permits you to advantage from efficient well-organized customs services, rapid, and no disclosures. Your customs clearance is frequently measured standout among major essential and highest phase before the deliverance system, we speak of nonstop stoppage, and further expenditure is immeasurable all over the system for export as an import. That supposed SIAM Shipping cargo forwarder is here and will perform your customs clearance practice has mutually import and export in the structure and average valid in your nation of leaving and coming, our service is personalized and run by proficient forever linked with customs.

We recognize that every clearance is distinctive and we take care to notify us in progress for detailed conveyance, chemical, vehicle, motorbike or just a shift we will present you the suitable practices needed credentials will be mandatory for full lessons. Transport credentials, export credentials, the credential of the agreement, checking of directorial confirm, customs clearance of commodities, we take care of all customs paperwork at your appeal to permit you to focus on your commerce assignment with harmony. Automatic Customs subtraction by Automated Transaction every time needed to stay away from any threat of individual “Blacklisted” by the customs services of your importing and exporting countries. Feel Free to speak with us to shorten your dealings and take benefit of our customs services at mega competitive charges.

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Customs broker in Bangkok, Thailand

The mastery of SIAM Shipping coordination for global transportation permits you to profit by successful, productive customs services, speedy, and no curve balls. Your customs clearance is frequently viewed as one of the first imperative and longest stages before the conveyance system, we talk about interminable deferrals, and included expenses are inestimable all through the technique for the fare as an import. That said SIAM Shipping cargo forwarder is available and will do your customs clearance prepare has both import and fare in the frame and standard material in your nation of takeoff and landing, our service is custom-made and keeps running by experts constantly identified with traditions. We realize that every clearance is exceptional and we take care to advise us ahead of time for particular sending, concoction, auto, bicycle or essentially a move we will give you the best possible system vital records will be required for an entire review.

Transport archives, trade reports, testaments of similarity, observing of regulatory checks, customs clearance of products, we deal with all traditions conventions at your demand to permit you to focus on your business extend with real serenity. Programmed Customs Deduction via Automated Transaction at whatever point necessary to keep away from any danger of being “Boycotted” by the traditions services of you’re bringing in and sending out nations.

Try not to waiver to get in touch with us to streamline your strategies and exploit our traditions services at ultra-aggressive rates. We are completely mindful of the laws in the different goals both neighborhood you. The archive containing data mistakes are considered important by traditions this can prompt fines and even up the reallocation of your property. Notwithstanding, we will be important to make the declaration has great startup organizer of your points of interest and all data will investigation to permit clearance straightforward for you. We give you now and again, a name for the methodology to import or export.

For the beginning, all procedure we require the accompanying data, Hs Code Packing list, receipt, contact with the comfort or forwarder if not SIAM Shipping and some of the time photos of the products is depended truly on the kind of merchandise and the traditions. Some freedom strategy takes a couple of days to 2 to 5 after the assessed dates it relies on upon the reassure and the opening of the compartment. Our traditions specialist will just take a day parts to make a system to import or export.

SIAM Shipping - Dedicated freight forwarder in Thailand

Due to our attractive pricing & dedication, many customers trust our services and we thank them. Stop overpaying the services and save money with our tailored package matching will all type of shipment, from small volume to full container, let us find the best and most cost-effective option.

Communication is important, that's why we strive to discuss through the most suitable way for you !

Thai customs

Importation and customs in Thailand

The Thai Government controls the importation and exportation of goods in Thailand. The controls take the form of either:

  • An absolute prohibition, which means that you are not allowed to import the goods in all circumstances; or
  • A restriction, you must have a permission to import the goods.

Prohibited and Restricted Goods in Thailand:

The following information broadly describe what goods is prohibited or restricted in Thailand. where you can get more information and, in the case of restricted goods, to request permission to import.

1. Prohibited goods

This field details which import or export into or out of Thailand is prohibited. Anyone who imports or exports prohibited goods is considered to have committed offenses and subject to penalties described in the Thai law. Moreover, such activity is also considered as an offense under sections 27 and 27a of B. E. Customs Act 2469. It is against the law to bring the following items in Thailand.

  • Obscene items / literature / images
  • pornographic materials
  • Goods with the Thai national flag
  • Narcotics eg, marijuana, hemp, opium, cocaine, morphine, heroin
  • False currency, bonds or coins
  • Royal Fake Seals / official seals
  • IPR infringing goods such musical tape, CD, VDO, software, etc.
  • counterfeit trademark goods

2. The limited goods

This field details which imports and exports are restricted by law and therefore requires authorization from government agencies. Any person who imports or exports goods called “restricted” without having swallowed a public body is considered to have committed offenses and subject to penalties outlined in national legislation. Moreover, such activity is also subject to the offense under sections 27 and 27a of B. E. 2469 Customs Act.

The Ministry of Commerce designates several classes of goods that are subject to requirement such as specific authorization and/or import license. Although, this control is liberalized, at present more than 50 categories of goods require import licenses from the Ministry of Commerce. These categories are often modified by notifications from the Ministry of Commerce. An import license must be obtained from the Ministry of Commerce before importing. This license must be accompanied by order, confirmation, invoice from a seller, and other relevant documents.

In addition, a number of products are also subject to import under the control other relevant organization :

  • The import of drugs, foods and dietary supplements require prior approval from the Food and Drug Administration, the Ministry of Health.
  • The import or export of antiques or art objects, whether registered or not, requires the authorization of the Department of Fine Arts.
  • Imports of arms and ammunition, explosives, fireworks and real/replicas guns require an appropriate license from the Interior Ministry. Other weapons such as electric shock devices must also be declared. Some of these items may require a permit before importing.
  • Regarding the Cosmetic, any importer of controlled cosmetics must provide the name and location of the representative office and the place of manufacture or storage of cosmetics, category or the type of cosmetics to import, and the main components of cosmetics.
  • The importation of wildlife, plants, fish and other aquatic animals requires permission from the National Park, Wildlife and Plant Conservation, the Ministry of Agriculture or the Ministry of Fisheries.

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Advantages to hire Siam Shipping as customs broker

It is very important to have engaged his freight forwarding company, do it as soon as possible. Indeed, it will be able to guide you step by step for the clearances and the expeditions.

Every day we have many merchandises that are shipped throughout the world. So, make sure your goods arrive on the dates and where they are. A logistics company such as ours is indispensable to you. We know all the legal requirements of each country, and this greatly facilitates transit. It’s transit process smooth.

It’s a complex process that varies from country to country, it’s very difficult and it does not matter where you send your merchandise. Customs clearance can be quite difficult to manage to send your merchandise legally. This must be considered as there can be significant repercussions on your goods and their costs. The best thing to do is to let an experienced transfer agent to help you with customs clearance.

It will work according to your needs

We can provide you with customs clearance. Which one will be the most suitable with your needs. We will help your company in its development. In this process we will consider the cost and time to find the best solution. You must also ensure that the goods will comply with the law in the country where you send them.

It will provide advising

A carrier will be able to answer all the questions you need. For example, on import licenses, classification, valuation, duty-free. You will thus have more knowledge in this field and you will better master the process of transporting your goods.

It will analyze all the documentation

Your do not have to process and take care of all the documentation in the customs clearance process. The freight forwarder takes care of this for you. He’s going to have to analyze all the papers and make sure you have everything you need. That all papers correspond to the country’s regulations and provide you measurable reductions of your right and your fiscal responsibility

It will avoid delays of delivery

One of the most important things for an international trader is to be book quickly and in a timely manner. This is a reason enough to hire a specialized company and that will be responsible for clearing your goods. Everything will be done by this company, everything will be planned so that everything happens quickly, and your goods arrive at their destination as quickly as possible.

Clear your shipment at arrival with us

We can provide you with the best on-line customs clearance service, it will be personalized, and we will ensure that all documentation will be transmitted to you. We do it as quickly as possible so that your delivery arrives on time. The fluidity of our logistics process is one of our great strengths. Our expert Custom Clearance services and personal custom house license will prevent you from experiencing all the problems associated with paperwork. For advice or follow-up our expert team will always be there, always available to listen to you.

We have three principles for Custom Clearance solution

1 / When this Act requires the owner to confer something primarily for exporting or importing goods.

2 / Anything you can do an agent whatsoever of importing or exporting goods. The owner must agree with the procedures. He will also be legally responsible.

3 / A person may be designated by the owner, who will import or export goods with his agent to transport these products anywhere. The advice of the US Commissioner is sometimes asked for imports and exports.

Detailed list of custom clearance service

  • With systematic import and brokering systems, there are national and international maritime and air transport operations
  • In order to comply with approved legal procedures, we have internal experts for brokerage services
  • Management of the logistics of the freight Step-by-Step Project
  • Management Reports evaluated step-by-step
  • mandatory customs obligations
  • Customs agent license required
  • Special treatment of the project

SIAM Shipping - Dedicated freight forwarder in Thailand

Due to our attractive pricing & dedication, many customers trust our services and we thank them. Stop overpaying the services and save money with our tailored package matching will all type of shipment, from small volume to full container, let us find the best and most cost-effective option.

Communication is important, that's why we strive to discuss through the most suitable way for you !

Dangerous products

SIAM shipping is well known in Thailand among importer, and exporter, because of an amazing capacity to ship DG goods from Thailand but also to Thailand.

Transport of dangerous products: What is the best freight solution ?

Air freight

Our aircraft load advantage covers general objectives with versatility. Collaborate with the key air bearers; we engineer your freight dispatch at the best rate with hoisted prerequisite advantage marvelously on time.

Sea freight

Sea freight benefit SIAM Shipping Thailand enhances with global freight exchanges through the business collaborations. Your load is protected by proficient bundling servings to keep away from destruction through the transportation operation.

Multi modal

Multi modal Freight can reserve you time and dispatching price. SIAM Shipping offers Sea-Air cargo benefit when it’s reasonable for your shipment. Our specialists and associates around the globe deal with the procedure from pickup to delivery.

Door to Door

The administrations begin when your door unbolted. SIAM Shipping offers pick up and carriage servings from door to door, to anywhere around the globe. Picked delivering can be via air freight, sea freight, sea-air freight or even express dispatching.

Express shipping

Send small shipment quickly around the world. Follow the progress through a live tracking system. Ideal for weights below 150 kg, the express shipping may be the solution.

How can shipping handle Dangerous goods from and to Thailand ?

The transport of dangerous goods is subject to national and international regulations. This type of transport must be secure as possible and fulfill all the conditions imposed by the competent authorities.

For air freight, it is crucial to measure the consequences of potential differences in temperature, humidity and the risk of damage from vibrations during subsequent handling.

SIAM Shipping is specialized in the transport of dangerous goods to and from Thailand, we control all steps and all regulations, the choice of packaging, labeling and documentation. here is a list of the products we are able to ship:

  • Chemical products
  • Petrochemical
  • petroleum products
  • liquefied gas
  • Aerosols
  • Cosmetics
  • Painting
  • Batteries
  • Dry Ice
  • Explosives

Can I check the hazardousness of a product through labelling?

identify-dangerous-product-transport

1 = Product Identifier
2 = Signal Words
3 = Hazard Statement
4 = Precautionary Statement
5 = Supplier Information
6 = GHS Pictograms (Diamond-Shaped Symbols)

Our services include:

  • Handling, packaging and documentation for dangerous goods, UN standardized packaging from our warehouse or the place of abduction
  • Removal and storage
  • Identification and labeling in accordance with the law.
  • Re-packaging of damaged goods
  • Space optimization
  • Legal documentation IATA
  • National and international transport
  • Safety Tips for dangerous products
  • Carbo-ice
  • Bio-logistic service laboratory.
  • Goods can be delivered directly at our warehouse. Our office and warehouse strategically located in Bangkok guarantee a fast delivery to all customers worldwide.

Custom clearance

SIAM Shipping handles Customs clearance and legitimate systems to make transportation quicker and dodge any bother. Regardless of whether you’re sending out or bringing, we would say get your loads cleared to assure straightforwardness and fulfillment.

Packing services

Proficient bundling services gave by experienced staff in view of the global models to guarantee the honesty of your products during the entire delivery operation. Besides, SIAM Shipping can pack your particular products.

Why Choose Siam Shipping over Other Freight Forwarders?

Why should you choose SIAM Shipping over other freight forwarders? Not only do we have one of the best networks on the market, but we also provide the following unique advantages:

  • Delivery Assistance: We make sure to get your goods to their final destination in the most convenient way, by providing inside deliveries, pallet jacks, and any specific service required by special shipments.
  • Superior Tracking & Timing: Our tracking solutions allow you to stay on the loop with your valuable belongings during the whole shipping process. We are committed to provide the best cost-effective shipping solutions, ensuring the best tracking system and timing compliance.
  • Carrier Connections & Volume Discounts:  We maintain good working relationships with the best carriers throughout South-East Asia to benefit from the best prices for trucking services. We are delighted to make our customers benefit from the hardly-negotiated volume discounts and reduced shipping costs.

Through our experience in the industry, we have learnt over the years how to overcome quickly and efficiently any obstacle that may arise, and how to work under pressure.

We invite you to read our dedicated page here: transport of hazardous items

hazardous-products-thailand

SIAM Shipping - Dedicated freight forwarder in Thailand

Due to our attractive pricing & dedication, many customers trust our services and we thank them. Stop overpaying the services and save money with our tailored package matching will all type of shipment, from small volume to full container, let us find the best and most cost-effective option.

Communication is important, that's why we strive to discuss through the most suitable way for you !

Cross border services in Thailand

Cross border transportation for CLMV region.

The Asian economic community expects to strengthen Thailand’s positioning as the key transportation hub for the Greater Mekong subregion (GMS), according to a study by Solidiance.

Growth of the GMS trade

Indeed, Mickaël Feige, responsible for the country of Solidiance, believes that the AEC would increase the trade of the Kingdom with the surrounding countries: Myanmar, Malaysia, Laos and Cambodia but also countries like China and Vietnam.

Thailand has gradually benefited from reducing import duties on products shipped to LTVC countries in comparison to non-alcoholic beverages, motorcycles, tires, soap and cleaning products. Thailand’s cross-border trade with Myanmar, Laos and Cambodia, which represents 20, 14 and 9% of the total in 2012, is expected to grow tremendously in the coming years with a growth rate of about 30%.

This liberalization of the AEC logistics sector will benefit both Thai investors and several other Asian countries. To survive this competition for the ACS, small logistics companies with fewer than 50 trucks in circulation should either become outsourced business units of global enterprises or strengthen to form a wider network.

Ranking of the most used roads for Import/Export:

According to the study, R9 is the axes most used by logistics companies among the 4 major routes connecting Thailand and other GMS countries, as shown by these percentages:

  • R9: 41.18% (GMS)
  • R3A: 21.57% (Chiang Rai-Laos-Kunming)
  • R1: 15.69% (Sa Kaew-Cambodia-Vuong Tao, Vietnam)
  • R3B: 7.84% ((Chiang Rai-Myanmar-Jinghong, China)

The main products that Thailand exported to its neighboring countries via cross-border trade in 2012, a quarter represented natural rubber, computers and parts accounted for 5%, diesel 4% and automobiles and parts 4% as well.

Natural gas was ranked first among Thailand’s cross-border imports with almost one third of the total:
– Natural gas: 30%
– Electrical machinery and parts: 9%
– Computers and parts: 9%
– Copper products: 5%
– Data, audio and video recorders: 4%

Thailand is one of the major logistic player in ASEAN

ASEAN is a potential market which represents about 600 million consumers. It is composed of: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

This strategy aims to derive great benefits from the country’s geographical position in Southeast part of Asia.

The five commercial bridges are composed of several roads that can accommodate important transport flows to neighboring countries.

They include:

  • The North Gate, Thailand, Myanmar, Laos and southern China
  • The northeast footbridge, connecting Thailand to Laos, Vietnam, southern China and East Asia
  • The eastern gateway connecting Thailand to Cambodia, Laos and Vietnam
  • The West Gateway linking Thailand to several BIMSTEC countries, particularly Bangladesh, India and Myanmar
  • The southern gate, connecting Thailand to Malaysia, Singapore and Indonesia.

cross border thailand

ASEAN Rules and Regulations for Cross-Border Security Obligations

At the end of 2015, the arrival of the ASEAN Economic Community, the capital market actions of Lex Mundi members operating in the ASEAN, came together so that they share with shareholders and customers at the regulatory level Security measures applicable to cross-border supply within all the ASEAN member state one-by-one.

Indeed, this guide provides an understanding of very important elements such as exemption requirements, registration and the regulatory body, rules for the marketing of securities, promoter or agent commitment requirements, but also relevant considerations and disclosure requirements.
In addition, voluntary issuers and providers seeking to increase their income (debt or equity) in the border and emerging markets of ASEAN will be pleased to take advantage of this guide. Institutional investors, private equity funds and fund managers or any other stakeholders involved in the bidding process may also be interested in the guide to identify the requirements to be met before entering the capital ASEAN.

Thailand regulation

Applicable regulations and market information

• Exchange and Securities Commission (“SEC”)
• The Thailand Stock Exchange (“SET”) where all the securities are ranked and listed on the land.
• 639 companies listed on 31st of January 2015.
• Market capitalization of 12,898.70 billion THB / USD 359.49 billion at 31/01/15.

Offer of securities and / or conditions of registration and exemption

Most of the time, selling securities in Thailand is not allowed. The only way to circumvent this rule is to obtain an SEC authorization and is mandatory for new security titles only). In addition, enrollment statements and preliminary prospectuses were conducted with the SEC and entered into force. Once the sale is complete, you will have to submit a sales result report.

Foreign equities

Actually, the SEC receives many requests for public offerings of foreign shares, but it only accepts them for the following examples:

A) For the main list on the SET
B) For double entry on both currency and SET
C) No listing on the SET (only authorized for shares of ASEAN companies wishing to be listed or already listed on the ASEAN stock exchange).

Exemptions

In the exemple of an offer to sell foreign shares, the SEC’s approval requirements are exempted, such as the examples below:

A) Private place of shares which belongs to foreigners that are defined in one of the following ways:
1) Made within 12 months to more than 50 investors;
2) An offer to sell shares with a total value which does not exceed THB 20 million during the twelve months only if the total calculation of the real aggregate value of the Offered Shares is based on the price that the Shares can offer;
3) an offer to sell shares to professional institutional investors; or
4) An offer to sell shares while the seller and the buyer are actually shareholders in the  company that issue shares and if the offer of shares is not for sale in general.

(B) An offer to sell foreign shares to employees or directors of the foreign stock option plan or its affiliation in Thailand.

Obligations Abroad (Government Bonds or Corporate Bonds)

Most of the time the offer to sell foreign bonds is allowed. Prior approval coming from the Ministry of Finance is required for sales of foreign bonds issued in Bath, and is granted to ASEAN, China, South Korea and Japan only.

The SEC makes specific conditions and regulations, such as the terms and conditions, transfer restrictions and their registration, the debenture representative or the valuation, for different bidding circumstances such as Private placement.

Exemptions

That being said, the submission of the draft terms and conditions to the SEC is always necessary, although the approval of the SEC is granted in all cases.

The filing of prospectuses and registration statements are exempted under certain conditions, for example in the following situations:

  • Recent private placement of government or corporate bonds to more than 10 investors for 4 months (with transfer restriction registration).
  • An offer for the sale of bonds which belongs to the government or corporate bonds that are issued by international financial institutions under the obligation prescribed and accepted by the Ministry of Finance.
  • An offer for the sale of new corporate bonds in Thailand with more than 10 commercial banks taking into account the law on financial institutions for 4 months.

Foreign Collective Investment Scheme (CIS)

Shares which are in a foreign investment company controlled by CLC may be offered for being sold in Thailand and are exempt from approval only in the following cases:

1 ASEAN CIS (ASEAN) – Providing ASEAN shares to accredited investors (institutional or high net worth in Thailand) must comply with several conditions such as:

  • Managed by a qualified SIC Operator
  • Units must also be offered for being sold in the country of origin
  • Units must be offered for sale and sold in Thailand or through a Thai licensing brokerage
  • Own a Thaï representative in Thailand

Offering SIC units to retail the investors (general investors) in Thailand can be subject to additional conditions (in addition to those applied to accredited investors) such as:

  • The regulator of origin agrees with the SEC the Memorandum of Understanding on the simplified framework for the cross-border public offerings of the ASEAN CIS
  • The details of the SIC scheme shall be in accordance with the ASEAN IEC Part I and II Operators Manual
  • Provide a distribution channel to settle any dispute without recourse to the court unless the regime does not fit with the Dispute Resolution and Enforcement Mechanism rules (“DREM”), etc.

SICs in the form of a random foreign exchange traded funds (ETFs) – can offer foreign ETFs to the investors in Thailand but it’s subject to a lot of various conditions but not restricted to:

  • The Principal Exchange must be a member of WFR
  • The original regulator must be a member of the IOSCO
  • Have goals to create returns for those who own shares with direct fluctuations such as gold price, commodity index, crude oil index, etc.
  • The ETF operator must contact a person in Thailand to coordinate and facilitate the prescribed questions in Thailand, etc.

Securities marketing where issuer / sponsor Offshore and investor in land

The requirements as set out in the left-hand column are for the sale of cross-border foreign securities for investors in Thailand, namely SEC approval and the final result report of the sale.

Simply put, one can speak of a practical exemption that is accepted by the SEC (no express legal exemption) that a foreign supplier responding to a request which wasn’t solicited made by a Thai investor but which should not be considered As an offer on his part.

Need to Hire Land Sponsor, Licensing or Other Distribution Agent:

Offering and selling foreign securities through a company issuing residence permits would not prevent the general market prohibition, with the exception of ASEAN CIS (see previous section “Offer of securities and / or conditions of Registration and exemption “.

Legend or other disclosure requirements for supply materials

No legend required. However, if the situation can be considered as a private placement (if any), any statement that is similar to the following can be recommended when distributing the offering documents:

This documentation has to be given in a confidential way to the person who is supposed to be addressed. The document can not be reproduced or transmitted to anybody except the person to whom the document is addressed.

Myanmar regulation

  • Market Information and Applicable Regulatory Authority
  • Yangon Stock Exchange Joint Venture Company Limited
  • Securities and Exchange Commission of Myanmar (“SEC”)
  • Yangon Stock Exchange opened on 12/09/15.
  • No companies listed for the moment. The initial six companies can be listed at the beginning of 2016.

Offer of securities and / or conditions of registration and exemption

A public company that makes a public offering of real estate securities is required to provide the necessary process documents to the SEC under the Securities Act, 2013 and the SEC must approve the offer. These process documents are comprised of the memorandum, prospectus and articles of association, audited financial statements for the previous 2 fiscal years and other information requested by the SEC.

*There are no exemptions from the above requirements under the 2015 Real Estate Securities Act.

Marketing of Securities Where Issuer / Offshore and Investor Onshore Sponsor

Concerning the securitie’s marketing where the issuer / sponsor is offshore and the onshore investor, there is no specification in the Securities Exchange Law of 2013.

Need to Hire Land Sponsor, Licensing or Other Distribution Agent

The Issuer is not obligated to engage an onshore developer, licensee or other distribution agent under the Securities Exchange Law of 2013 or 2015.

Legend or other disclosure requirements for supply materials

The 2013 Securities Act or the 2015 Securities Exchange Rules clarifies that there is no mandatory health that warn disclosure or legend. However, this is linked to any disclosure that can be given by the SEC on some occasions.

Other relevant considerations

At the end of 2015, the Yangon Stock Exchange is supposed to start its activities. In addition, the SEC will have the power to set additional conditions for the issuance of marketable securities, according to the Securities Exchange Law of 2013.

Cambodia

Applicable regulatory authorities and market information

  • Cambodia Securities Exchange (“CSX”) where securities must be registered in the territory.
  • Securities and Exchange Commission of Cambodia (“SECC”)
  • Three listed companies (2015).
  • Market capitalization of approximately $ 176 million.

Offer of securities and / or conditions for registration and exemption:

Before being placed on the Cambodian market, security must be validated by the SECC. In this country, anything that affects or is close to the public market must be offered in correlation with the Cambodian securities rules. The specification of the proposed bid must be registered with SECC.

The above requirements do not apply to cases that are:

1) offers proposed by the Cambodian Government,
2) bids whose price is fixed during the negotiation
3) any other offer selected by SECC.

Securities or Issuers / Promoters and Investor Marketing:

When a national bid is issued, the securities must be validated with the SECC and registered with CSX. In addition, such securities may only be registered in the territory of Cambodia.

The rules do not prevent local investors from owning securities issued by foreign countries. On the other hand, the foreign issuer can not sell its offer to the Cambodian public: there is no legal obligation under Cambodian law that would oblige the foreign issuer to inform the SECC of the end of the sale of its securities. It is necessary to hire a sponsor or other distribution agent on site to obtain a license for a product. On an offer, all intermediaries involved in the bid must be registered and accredited by the SECC.

Legend and other disclosure requirements for procurement:

The disclosure document must satisfy all requirements as required by applicable laws and regulations. However, the SECC does not require any restrictions on sales restrictions.

The elements that must appear in the document are the responsible parties that relate to the disclosure document and the prospectus prospectus.

Laos

Applicable regulatory organism and market information

  • Lao Security Exchange (“LSX”), titles must be detailed in the territory.
  • The Lao Security Commission (LSC)
  • Five listed companies (2015).
  • Market capitalization of 10.969 billion KIP / USD 1.35 billion in 2015.

Offer of securities and conditions for registration or exemption

Under current legislation, all securities intended to be sold or offered in the jurisdiction must be registered with the LSC. No exemption is possible for this rule.

Securities marketing where the issuer / promoter and the offshore investor in the country.

When an offer of securities is issued for Laos, the securities must be registered with the LSC and been on the list made by the LSX.

ASEAN economy

Vietnam

Settlement and Market Information

  • Vietnam State Securities Commission (“SSC”)
  • The Ho Chi Minh Stock Exchange (“HOSE”) and the Hanoi Stock Exchange (“HNX”) are regulators
  • 373 listed companies in the Hanoi Stock Exchange (HNX):
  • Market capitalization that represents more or less VND 150 983 billion or USD 6.7 billion in 2015.
  • 314 companies listed on the Ho Chi Minh Stock Exchange (HOSE) in 2015.
  • A market capitalization that represents VND 985.258 billion or USD 43.7 billion in 2015.
Offer of securities and / or conditions of registration and exemption

In Vietnam, an offer of securities to the public issued by a joint-stock company can be different from the list of shares of that company on the stock exchange. Indeed, there are two scholarships: PIPES (in Ho Chi Minh City) and HNX (in Hanoi). The main requirements for the offering and issuance of securities of a issuer considered as a foreigner in Vietnam are as follows:

For the offering of shares intended for the public, a issuer considered as a foreigner has to follow those obligations:

  • Shares must be issued in Dong (“VND”)
  • The production and trade activities of the year prior to the public offering must be in line with international accounting laws;
  • There is an official Vietnam investment project, a plan for the delivery and use of the product
  • The amount of the increase in the offer of sale may not represent more than 30% of the investment capital amount of the project; You must undertake to subscribe the issue considered as an RM commitment to a securities company
  • There is also a bank that monitors the use of the product
  • The foreign issuer should not finance the product in another country; The Foreign Exchange Control Act regulating the issuance of securities in Vietnam (the opening and maintenance of a bank account in a Vietnam-approved bank, the proceeds and payments relating to the issue must be complied with Via this bank account)
  • The meeting of shareholders in the context of a public offer or convertible bonds (a company of the board of directors or a CA is mandatory for public offers). Securities listed on the stock exchange in less than one year started from the date of the end of the sale.

To register bonds, a issuer considered as foreigner has to follow those requirements:

  • Bonds must be denominated in dong
  • Bonds are already approved for public sale in correlation with the Vietnam Securities Act
  • Bonds to be seized must be As well as those which have been ceded to the public;
  • After being registered with HOSE and HNX; The undertaking undertakes to submit to its obligations and to the local law;
  • Companies must have been consulted by a local securities company to register their obligations;
  • From what we know, there has not been a successful sale to the public by foreigners to date. Foreign issuer or developer market securities and property investors No specific rules are available. Most of the time, the rules applicable to local issuers apply to foreign issuers.

An issuer is not entitled to:

  • commit any act of cheating, misrepresentation or misrepresentation of information that may lead to errors;
  • providing or registering government securities; • disclose false information that would encourage other third parties to buy, sell or disclose insufficient or untimely information that would affect the market price;
  • Even if the SSC monitors the registration of bids, the bidder must only use the information detailed in the prospectus sent to the SSC to operate the market, provided that the issuer submits the information to the SSC. The date of issue and the sale of securities. The award must be a single proposal. The operation of a market should not be directed by the media. It is essential to contact the Sponsor, Licensee or other distribution agent. Please refer to the previous section titled “Requirements for the Offer and / or Registration and Exemption of Securities”. Legal Requirements or Other Information Requirements for Investment Materials
  • SSC is authorized to consider and assign the certificate for the offering of government securities. The certificate of public offer of securities transmitted by the SSC certificates that the public offer of securities has been duly registered in correlation with the laws of Vietnam.
  • Within one week of the date of certification for the Government Offering, the issuer must announce the offer in three issues in a row of a newspaper.
  • Securities may be distributed only after the issuer make sure that purchasers of securities can access the prospectus. Considerations Public Offer or List of Securities By a issuer considered as a foreigner in Vietnam can be more difficult than expected by laws, as Vietnam’s objective is to attract foreign investment to Vietnam.

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Incoterms

Incoterms 2019

The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes. A series of three-letter trade terms related to common contractual sales practices, there are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.

The Incoterms 2019 are organized into two categories:

for all modes of transport:

EXW – Ex Works
FCA – Free Carrier
CPT – Carriage Paid To
CIP – Carriage Paid, Insurance
DAT – Delivered at Terminal (new)
DAP – Delivered at Place (new)
DDP – Delivered Duty Paid

only by sea:

FAS – Free Alongside Ship
FOB – Free On Board
CFR – Cost and Freight
CIF – Cost, Insurance and Freight

The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries. As such they are regularly incorporated into sales contracts worldwide.

That’s why, they are really important in terms of regulation. It allows all authorities to judge under an unique system which makes the communication easier for every buyer and seller around the world.

It’s not rare to see Chinese seller (for example) to sell product under “FOB price” without explaining that the goods price does not include the transport of the goodsduties and taxes.

For a more clear vision of INCOTERMS, refer to the following table:

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