Export/Import Updates!

Busan (KRPUS)

Korea

General info

address
122, Daegyo-ro, Jung-gu, Busan 48943, Republic of Korea
EMAIL
website
http://www.busanpa.com/eng/Main.do
phone
82-51-999-3000
fax
cororate office
122, Daegyo-ro, Jung-gu, Busan 48943, Republic of Korea
ANNUAL CARGO TONNAGE
-
ANNUAL CONTAINER VOLUME
19,850,000 TEUs (2016)

Port of Busan is the largest port in South Korea. As of 2016, it ranks as the 5th largest in the world in terms of annual throughput (TEU). It is fast developing as a logistics hub for the Northeast Asia region.

Inland service data

Major towns near seaport

Seoul

Carrier mapping

List of main shipping lines serving the port

APL, China Shipping, CMA CGM, Evergreen, FESCO, Hamburg Sud, Hanjin, Hapag-Lloyd, K Line, Maersk, MOL, MSC, NYK, OOCL, ZIM

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Export requirements

Country Requirements & Restrictions

There are no unique Country Requirements / Restrictions for this port.You can always reach out to us directly in case of any further queries.

Forms & Certificates

There are no unique Forms / Certificates required for this port.You can always reach out to us directly in case of any further queries.

Key Customs Facts

There are no unique customs formalities for this port. You can always reach out to us directly in case of any further queries.

Number of free days

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Import requirements

Country Requirements & Restrictions

MARITIME INSURANCE: Under the Incoterms (shipping terms) agreed to by the parties in a transaction, if the exporter is responsible for insurance, a marine insurance policy or insurance certificate is required. BILL OF LADING: A clean bill of lading identifying the name of the shipper, the name and address of the consignee, the name of the port of destination, description of the cargo, a price list of freight and insurance charges (CIF), and attestation of carrier’s acceptance on board for the goods is sufficient. There are no regulations pertaining to the form of the bill of lading nor the number of bills of lading required to clear customs. As bills of lading are for ocean and overland cargos, the airway bill of lading replaces the bill of lading for air cargo shipments.

Forms & Certificates

For companies exporting to the Republic of Korea, the following shipping documents are required to clear Korean Customs: COMMERCIAL INVOICE: An original invoice and two copies must be presented with the shipping documents and must include total value, unit value, quantity, marks, product description and shipping from/to information. CERTIFICATE OF ORIGIN: Prior to implementation of the KORUS FTA, a Certificate of Origin, in duplicate, was required for some products. Exporters are encouraged to discuss shipping document requirements with their respective importer. A certification may be made for a single shipment or for multiple shipments of identical goods, for up to twelve months, by specifying this in the certification. The importer submits the certification to Korean Customs, in writing or electronically, including at least the following information: Name and contact information for the certifying person The importer The exporter The producer of the good Harmonized System Tariff classification and description of the good Information demonstrating that the good originates from the United States. This can be satisfied by either: The producer’s written or electronic certification that the product meets KORUS FTA origin requirements; or The producer’s or exporter’s knowledge that the good meets KORUS FTA origin requirements. Date of the certification In the case of a blanket certification, the period that the certification covers.

Key Customs Facts

There are no unique customs formalities for this port. You can always reach out to us directly in case of any further queries.

Number of free days

Line
Container
Container Type
Standard Free Days
Slabs
Charge
Curency
Line
Container
Container Type
Standard Free Days
Slabs
Charge
Curency