pejp
253
Shipping question for the USA based Purists...
Apr 28, 2020,15:45 PM
I have a watch listed in chrono24, and a buyer in the UK is very interested. Obviously I’ll need to get references and do some research, but we’ve exchanged lots of messages and my gut says he’s legit.
I’ve never shipped a watch internationally before, as usually I’ll just say CONUS only, but I would quite like to sell this piece.
Can anyone give me any advice? Will FedEx insurance cover international? Will I need to use a specialist service? All thoughts are welcome!!
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Shipping question for the USA based Purists...
By: pejp : April 28th, 2020-15:45
I have a watch listed in chrono24, and a buyer in the UK is very interested. Obviously I’ll need to get references and do some research, but we’ve exchanged lots of messages and my gut says he’s legit. I’ve never shipped a watch internationally before, as...
You can insure through Fedex, but I believe they have a maximum amount
By: NickO : April 28th, 2020-15:54
And I think that amount is $5K USD. You should verify that, but if that’s correct and the watch is valued higher, you’ll need an alternative way of insuring it. There are a number of companies that can do this, one is ParcelPro. Check out their website, I...
Virtually impossible as the duties will kill your deal
By: SteveH : April 28th, 2020-15:58
You will have to insure via a third party service like ParcelPro. In order to do so, you will have to declare the full value (plus IT'S THE LAW). He will get hit with duties of approx 20%. If you have a buyer willing to pay 20% more than your asking price...
Chrono24 and Duties
By: AIPlatt : April 28th, 2020-18:10
I agree with NickO. While the exigibility of duties should (as a rule) be clearly identified on the listing, I also believe Chrono24 has information on the topic. That stated, it would be prudent to confirm to the buyer that they are responsible for payme...
I'm butting in to clarify what you are stating for my own knowledge.
By: TheMadDruid : April 29th, 2020-09:44
Steve, are you saying that England tacks on a DUTY of roughly 20%? You are not referring to VAT, correct? Or are you? And if VAT I thought that does not apply to used goods. Coming from Europe to the U.S. duty is typically pretty low.
I found this online, Master Druid....
By: NickO : April 29th, 2020-11:34
There is no import duty on watches imported to the UK from non-EU countries. Only VAT is charged, currently 20% of the declared value. (Many other imported items are charged duty as well as VAT - camera equipment for example). So how much you will pay dep...
Thank you, NickO.
By: TheMadDruid : April 29th, 2020-14:11
I guess VAT could be a killer.
Either this buyer is a total amateur or he's trying to swindle you...
By: patrick_y : April 28th, 2020-17:59
Either this buyer is a total amateur and has completely forgotten about the likely customs duties, or he just wants to swindle you into sending over the watch. For a buyer to not have considered duties suggests to me that this person does not know what s/...