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Comprehensive Import Activities

JAR World Marine is involved in importing various equipment and supplies essential for their maritime and logistics operations. Their import activities support not only their internal operations but also contribute to their service offerings for clients.

Import Activities

  • Passenger Elevators: JAR World Marine imports complete passenger elevators with accessories from Aoyama Elevator Global Ltd. These elevators are used for various purposes within the company’s facilities.
  • Diesel Generator Sets: The company imports brand new diesel generator sets from Welland Power, UK. These generators are essential for providing reliable power to their operations.
  • Other Equipment: JAR World Marine imports various other equipment and machinery necessary for its maritime and logistics operations.

Import Process

  • Delivery Terms: The company typically uses CFR (Cost and Freight) Chattogram as the delivery term for its imports.
  • Payment Terms: Payments are usually made through 100% L/C (Letter of Credit) at sight, ensuring secure transactions.
  • Customs Clearance: JAR World Marine handles customs clearance for its imported items, ensuring smooth and efficient import processes.

Contact Information for Import Inquiries

JAR World Marine’s import activities are integral to maintaining its operational efficiency and providing high-quality services to its clients.

Types of Imports

  • Passenger Elevators: Imported from Aoyama Elevator Global Ltd, these elevators are used to ensure efficient and safe vertical transportation within company facilities and ships.
  • Diesel Generator Sets: Sourced from Welland Power, UK, these generators provide reliable power solutions for vessels and shore-based operations.
  • Maritime Equipment: JAR World Marine imports a wide range of maritime equipment, including navigation systems, communication devices, safety gear, and other specialized tools required for ship management and operations.
  • Engineering and Maintenance Supplies: The company imports various engineering and maintenance supplies, ensuring that their fleet and facilities are well-maintained and operational.

Import Process and Logistics

  • Sourcing and Procurement: JAR World Marine has established relationships with reputable suppliers and manufacturers worldwide to source high-quality equipment and supplies.
  • Customs Clearance: The company handles all customs clearance procedures, ensuring that imports comply with local regulations and arrive without delays.
  • Logistics Coordination: Efficient logistics coordination ensures that imported goods are transported to their final destinations promptly and safely.

Quality Assurance

  • Supplier Evaluation: JAR World Marine conducts thorough evaluations of potential suppliers to ensure that they meet the company’s high standards for quality and reliability.
  • Inspection and Testing: Imported equipment and supplies undergo rigorous inspection and testing to ensure they meet operational requirements and industry standards.
  • Compliance with Standards: The company ensures that all imported goods comply with international maritime standards and local regulations.

Benefits of Importing

  • Operational Efficiency: By importing high-quality equipment and supplies, JAR World Marine enhances the efficiency and reliability of their operations.
  • Cost-Effectiveness: Strategic sourcing and procurement help in reducing costs, ensuring that the company can offer competitive services to their clients.
  • Enhanced Capabilities: Access to advanced maritime equipment and technologies enables JAR World Marine to offer state-of-the-art services to their clients.

Future Import Plans

  • Expansion of Import Portfolio: JAR World Marine plans to expand its import portfolio to include more advanced and innovative maritime technologies, further enhancing their service capabilities.
  • Strategic Partnerships: The company aims to establish strategic partnerships with more international suppliers, ensuring a steady and reliable supply of high-quality equipment and supplies.
  • Sustainability Focus: Emphasis on importing eco-friendly and energy-efficient equipment aligns with the company’s commitment to sustainability and environmental responsibility.

JAR World Marine’s import activities are integral to their success, ensuring they have the best resources to provide top-notch services to their clients.

Major Import Products of Bangladesh

Bangladesh imports a wide range of products to meet its domestic consumption and industrial needs. The composition of imports can vary over time, but as of my last knowledge update in September 2021, here are some of the products that were commonly imported into Bangladesh:

  1. Petroleum and Petroleum Products: Crude oil and refined petroleum products are among the most significant imports, as Bangladesh relies heavily on these for its energy needs.
  2. Machinery and Equipment: Bangladesh imports various machinery and equipment for industrial purposes, including machinery for the textile and garment industry, construction equipment, and industrial machinery.
  3. Electrical and Electronics: Imported electrical and electronic products, such as appliances, consumer electronics, and components, are in high demand.
  4. Chemicals: Chemical products, including fertilizers, industrial chemicals, and pharmaceutical raw materials, are imported to support various industries.
  5. Iron and Steel: Raw materials like iron and steel are imported for construction and manufacturing purposes.
  6. Food Products: Some food items, including edible oils, wheat, rice, and pulses, are imported to meet domestic demand.
  7. Plastics and Plastic Products: Raw materials for the plastics industry, as well as finished plastic products, are imported.
  8. Vehicles: Motor vehicles, including cars, motorcycles, and commercial vehicles, are imported to meet domestic transportation needs.
  9. Mineral Fuels and Oils: Apart from petroleum products, natural gas and other mineral fuels are also imported to support energy production.
  10. Textile Raw Materials: Although Bangladesh is a major textile and apparel exporter, it also imports textile raw materials like cotton and yarn when domestic supplies are insufficient.
  11. Metals and Metal Products: Various metal products, including aluminium and copper, are imported for industrial use.
  12. Wood and Wood Products: Timber and wood products are imported for construction and furniture manufacturing.
  13. Medicines and Pharmaceuticals: While Bangladesh has a growing pharmaceutical industry, it still imports certain pharmaceutical raw materials and finished medicines.
  14. Luxury Goods: High-end luxury items such as designer clothing, jewellery, and electronics are imported to cater to a niche market.

Bangladesh’s Top 10 Imports

The following product groups represent the highest dollar value in Bangladesh’s import purchases during 2021. Also shown is the percentage share each product category represents in terms of overall imports into Bangladesh.

Cotton: US$8.4 billion (12.1% of total imports)
Mineral fuels, including oil: $6.8 billion (9.8%)
Machinery including computers: $6.5 billion (9.4%)
Electrical machinery, and equipment: $4.5 billion (6.4%)
Iron, steel: $3.8 billion (5.5%)
Cereals: $3.4 billion (4.8%)
Plastics, plastic articles: $3.1 billion (4.5%)
Animal/vegetable fats, oils, waxes: $2.4 billion (3.5%)
Knit or crochet fabric: $2.11 billion (3%)
Vehicles: $1.95 billion (2.8%)

Contact Information for Import Inquiries

  • Email: trading@jargroups.com; bd@jar24.cn
  • Phone: +88-01975858511 (24/7)
  • Head Office: Millennium Plaza (3rd Floor), 2905 Agrabad Access Road, Chittagong, Bangladesh.

Bangladesh Largest Trading Partners–JAR WORLD MARINE