Import & Export

Incoterms®

The Incoterms® rules provide internationally accepted definitions and rules of interpretation for the most common commercial terms. They help traders avoid expensive misunderstandings by elucidating the responsibilities, costs and risks involved in the delivery of goods from sellers to buyers.  

Detailed information on Incoterms® can be obtained from the International Chamber of Commerce website.

 

CLEARING AND FORWARDING 

Freight Forwarders and Brokers
To facilitate the import/export process, traders can have recourse to the services of freight forwarders or customs brokers.

Freight Forwarder

  • Assist clients from the very first step by offering advisory, packing, shipping services. Additionally, freight forwarders may complete all procedural and documentation formalities involved in port and customs clearance.
  • List of freight forwarding agents is available on the website of the Professional Association of Freight Forwarders of Mauritius.

Customs Broker

  • Only concerned with completing all procedural and documentation formalities involved in custom and port clearance.
  • A list of customs brokers is available on Customs House Brokers Association - Mauritius.


The TradeNet System
  
TradeNet is an electronic network that enables traders, customs brokers, shipping agents and freight forwarders to submit documents (such as manifests, declarations, EUR1 certificates, import & export permits) to MRA Customs Department and the Ministry of Industry, Commerce and Consumer Protection. Electronic payment of duties and taxes is also possible as commercial banks are linked to the system.

 

PAYMENT

Methods of Payment in International Trade
Getting paid in full and on time is the primary goal for exporters - an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the importer.
As shown below, there are four primary methods of payment for international transactions which involve differing risk levels to the importer and the exporter:
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Source: US Department of Commerce, International Trade Administration

The table below shows a comparison of the different methods of payment:

Method

Cash in Advance

Open Account

Documentary Collections

Letter of Credit

Time of Payment

Payment received prior to the transfer of ownership of the goods

Goods are shipped and delivered 30-90 days before payment is due

Funds are received from importer upon collection of documents from exporter's bank

When all terms and conditions, as verified by the presentation of documents , have been met

Goods available to Buyer

After payment

After payment

After payment

Before payment

Risk to Exporter

None

Very little to none

Disposal of unpaid goods

Relies on buyer to pay as agreed upon

Risk to Importer

Relies on exporter to ship goods as ordered

Relies on exporter to ship goods as agreed

Relies on exporter to ship goods as described in documents

None

 

COMESA REPSS
Member countries can transfer funds more easily within COMESA with REPSS. Importers can pay for goods and services in their local currencies, whilst exporters will be able to invoice their products in their local currency. REPSS is built on open standards and is also accessible to non-member states.
As at January 2015, REPSS counted 6 live participants, namely, Malawi, Swaziland, Rwanda, Uganda, Kenya and Mauritius.
Local banks can access the payment system through their Central Banks. For more information on COMESA REPSS, click here.

SIRESS
Traders in the SADC region can use SIRESS to settle transactions in RAND between the SADC countries. Presently, the service is available in Barclays Bank Mauritius Limited, Bramer Banking Corporation Ltd, Standard Bank (Mauritius) Limited and The Mauritius Commercial Bank Ltd. More information on SIRESS can be obtained from the Committee of Central Bank Governors website.

Australia

June 1995
Australian Chamber of Commerce and Industry (ACCI)

China

April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao

Austria

September 2014
Austrian Federal Economic Chamber

France

September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)

India

November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India

Kenya

January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)

Madagascar

November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar

Malaysia

August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry

Mozambique

September 2012
Chamber of Commerce of Mozambique)

Pakistan

October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

Russia

May 2007
Chamber of Commerce and Industry of the Russian Federation

Sri Lanka

May 2004
National Chamber of Commerce of Sri Lanka

Tanzania

January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)

Thailand

August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON

Turkey

August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)

Réunion

June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion

Seychelles

November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry

Djibouti

August 2008
Chamber of Commerce of Djibouti

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Introduction of Safety Standards on Domestic and Electrical Appliances
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New Regulations on Electronic Payment at MRA Custo…

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External Trade Statistics Jan-Sept 2016: Decrease of 10% in Total Exports
30 Nov 2016 Trade

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Call for nominations for an Aid for Trade Training Course for SMEs in the Indian Ocean States
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Amendments to the Consumer Protection (Maximum Mark-up) Regulations 1998
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Review of the FTA between Mauritius and Turkey
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Budget 2016-2017: Extension of Excise Duty  on Milk-Based Beverages and Fruit Juices
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Budget Measure: List of products on which VAT is being exempted
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Perspectives for the Textiles and Clothing Sectors in the Tripartite Region
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Budget 2016/2017 – Amendments to Customs and Excise Regulations
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MCCI Export Insights
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Weight Verification of Containers under the SOLAS Convention Enters into force on 1st July 2016
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Trade Statistics for 1st Quarter 2016
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Consignment Based Conformity Assessment Required for Certain Exports to Zimbabwe
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Introduction of Permits for Imports of Steel Products in the EU
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Workshop on Business Facilitation Tools for SMEs
30 Mar 2016 Trade

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New Regulations on the Organisation of Trade Fairs
24 Feb 2016 Trade

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New conditions for ATA Carnet Application effective as from 1 March 2016
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Launch of the Single Window Platform
28 Jan 2016 Trade

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Impact of Biocidal Products Regulations on Exports to the European Union
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The WTO Nairobi Package
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The WTO Nairobi Package

Introduction of New Standards on Paints
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Introduction of New Standards on Paints

Trade Statistics for 3rd Quarter 2015
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Pre-Export Verification of Conformity Required for All Exports to Kenya
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Trade Obstacles Alert Mechanism- Training Session
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Trade Obstacles Alert Mechanism- Training Session …

Amendments to the Consumer Protection (Price Label) Regulations
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Amendments to the Consumer Protection (Price Label…

Expanding Your Trade Horizons Workshop
23 Oct 2015 Trade

Expanding Your Trade Horizons Workshop

January-June 2015 Trade Statistics and Trade Tools User Guide Now Online
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Trade in Services Agreement (TiSA): Draft initial…

International Tenders (1)
29 Sep 2015 Trade

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24 Sep 2015 Trade

Information Session on the New Regulations on Dome…

Freight Rebate for Exports to 44 Ports and 12 Land-locked Countries in Africa
17 Sep 2015 Trade

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MCCI, National Focal Point of TOAM

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Trade Statistics for 2nd Quarter 2015
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Amendments to the Consumer Protection (Control of …

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30 Apr 2015 Trade

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29 Apr 2015 Trade

Regulatory Impact Assessment on the Ban of Plastic…

Turkey and Mauritius to enhance trade relations
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Business Meet with Turkish Delegation
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22 Jan 2015 Trade

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New Regulations on Imports of Household Electrical Appliances
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The winds of change…
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