In the light of the eco-friendly interior design trend, more and more wholesalers come to home decor wholesale vendors in developing countries all around the world to import affordable products. Among these, Vietnam is an ideal destination for exporting natural home decor products in bulk.
However, foreign home decor importers might find it difficult to understand the delivery process in Vietnam. Therefore, Simple Decor, with 10 years of experience in manufacturing and exporting wholesale natural home decor products, is here to help you. The article provides a guide about shipment methods and Incoterms for those who want to import wholesale home decor products from Vietnam.
1. Shipment methods to import from Vietnamese Home Decor Wholesale Manufacturers
In Vietnam, which is a coastal country, two most prevalent shipping methods of exports are Ocean freight and Air freight. The quantity and urgency of the goods are 2 main factors to consider when deciding which method meets your demands.
1.1. Seaway
On the one hand, Seaway is best appropriate for the shipments in which quantities are large enough to fully fill the containers (FCL), and there are no urgent needs. In this case, you will have a charterparty, a maritime contract hiring an entire cargo. It is more affordable than hiring the liner service, which allows you to hire a part of the ship with fixed schedules but charges mutual rental fees (LCL).
Therefore, sea freight is regarded as one of the most cost-effective means of transporting goods to remote locations. With wholesale home decor products, it is especially suitable for shipping large commodities in bulk such as heavy rattan furniture, storage baskets, mirrors or lampshades.
However, the sluggish shipping speed of seaways doesn’t meet the urgent needs. The estimated transit time by seaway from Vietnamese ports (Hai Phong port, Ho Chi Minh City port) to ports in the United States and Europe is from 25-35 days (FREIGHTOS). However, these days, due to the pandemic, the duration extends to 45-55 days.
1.2. Airway
On the other hand, Air freight offers a faster transit time but undoubtedly more expensive than sea freight. In case your load is less than 2 CBM or you are pressed for time, airway is the best choice for your business. There is always a trade-off between urgency and costs here.
For home decor products, Vietnamese wholesale vendors will provide you with samples by airway, and full cargo of products by seaway. There are two alternatives when it comes to air freight: air cargo and air express. With natural home decor products, the cargo option will be used for orders less than 2 CBM, and the express one will be used for sending samples.
The transit time of air freight from Vietnam to the United States, Europe is normally 3-5 business days.
2. Incoterms most Vietnamese Home Decor Wholesale Vendors use
The Incoterms chosen will be mutually beneficial for both parties, importers and exporters. However, most of the time, it is up to your requirements. Among 11 terms in Incoterms 2020, FOB, EXW, DDP, and DAP are the most frequent methods used to transport home decor products from Vietnam.
Wholesalers with large orders or have enough capabilities to manage risks can choose FOB or even EXW to fully control the shipment process. Moreover, in case unforeseen events occur, these terms allow importers to be timely updated and have immediate actions.
However, for those smaller home decor retailers, DDP and DAP are recommended. They will lessen the obligations and the risks your businesses have to bear. Most natural home decor products are vulnerable on the long-way transportation. Moist, musty, or collapse can considerably damage these products. Therefore, it’s recommended to choose the appropriate Incoterms that are in line with your business’s capabilities to fulfill responsibilities and manage risks.
Conclusion
To sum up, with orders of wholesale home decor products, urgency and quantity of goods are 2 prerequisite factors to decide the shipment methods. In the face of COVID-19, Simple Decor, with 10 years of experience as a home decor wholesale vendor in Vietnam, recommends foreign wholesalers or retailers should place orders 2-3 months in advance to have goods delivered on time.
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