Why choose Midani as your polyester yarn supplier?

Midani polyester yarn supplier in Egypt is currently on track to become the number one polyester manufacturer and exporter internationally. </P Here’s why it’s more profitable and efficient for you as an importer and manufacturer to order your polyester from Midani. 

70% less lead time

Most leading polyester yarn manufacturers and exporters take up to 45 days to deliver your shipment; this doesn’t include the delays that may occur at sea. </p? Due to our unique location in North Africa, Egypt, we can deliver your shipment within 5-10 days!  This will speed up your production process and reduce your own production lead time. 

Reduced Sea Freight Rates

According to DSV, there are basic charges for LCL and FCL as well as Temporary surcharges and other additional surcharges as follows: 

Basic Surcharges:

• Bunker Adjustment Factor (BAF): a variable surcharge applied to compensate for global oil price fluctuations.
• Currency Adjustment Factor (CAF): a surcharge applied to protect shipping companies from global currency fluctuations. The shipping company charges its ocean freight in dollars but incurs local costs in other currencies, for example, in Euros. The CAF is usually quoted as a percentage within the total amount of the freight.
• Terminal Handling Charge (THC): A surcharge applied to the port handling of ocean freight, both in the port of origin and destination. For example, storage costs or loading the containers on board the ship.
• Congestion Surcharge (CS): surcharge applied by shipping companies in case of an increasing congestion (delay) in both the port of origin and destination.

Temporary surcharges

Ocean freight also has temporary surcharges that depend, for example, on a specific season or an emergency:

• War Risk Surcharge (WRS): surcharge applied when a container ship must pass through an area of ongoing war conflict. This surcharge is also applicable when the ship must pass through an area with an increased risk of an outbreak of a war conflict.
• Peak Season Surcharge (PSS): This surcharge is applied during peak season when there is relatively more sea freight. The amount of this surcharge depends on the sailing area and the shipping company.
• General Rate Increase (GRI), General Rate Restoration (GRR), or Emergency Rate Restoration (ERR): These are increases in ocean freight rates on all or more specific trade lanes during a certain period. These increases are introduced by shipping companies and are intended to bring their rates back into line with the market.

Other surcharges

In addition to the basic and temporary surcharges, the world of ocean freight has many other surcharges, which can be applied according to the moment and the situation. Some examples are:

• Overweight Surcharge (OWS): Surcharge applied to the transport of heavy goods that may require the use of non-standard containers.
• Special Equipment Surcharge (SEP): A surcharge applied to the sea freight of special containers, usually applied on the transport of Open Top or Flat Rack containers.
• IMO Surcharge: Surcharge applied to the transport of UN-classified dangerous goods. This surcharge can be based on the UN type of goods, the number of containers but also the weight of the cargo.
• Automated Manifest Systems Filing (AMS): surcharge that applies to cargo to the United States and Mexico. The AMS filing is due to strict security measures in these two countries. The document must be handed in 24 hours before departure from the loading port. Shipping companies charge an extra fee for this.

Midani cuts 35% of your Sea Freight Charges due to its location and economy, where the Dollar and Euro hold more value, allowing Midani to produce and ship your order at a less cost than any other competitor in the market! 

Zero Duty Fees Apply

Midani’s headquarters in Egypt allows it to benefit from all of Egypt’s International Trade Agreements to ship the polyester yarn orders internationally with Zero Duty Fees.  Egypt is a signatory to several multilateral trade agreements:

• The African Continental Free Trade Area (AfCFTA) 
• The General Agreement on Tariffs and Trade (GATT)
• The General Agreement on Trade in Services (GATS)
• European Union-Egypt Free Trade Agreement (Association Agreement)
• Free Trade Agreement with the EFTA States
• Turkey-Egypt Free Trade Agreement
• Greater Arab Free Trade Area Agreement
• Agadir Free Trade Agreement among Egypt, Morocco, Tunisia, and Jordan
• Egyptian-European Mediterranean Partnership Agreement
• The Common Market for Eastern and Southern Africa (COMESA)
• Pan-Arab Free Trade Area (PAFTA)
• Egypt-MERCOSUR Free Trade Agreement

Moreover, Egypt has signed several bilateral agreements with Arab Countries: Jordan (December 1999), Lebanon (March 1999), Libya (January 1991), Morocco (April 1999), Syria (December 1991), and Tunisia (March 1999). Additionally, in 1995, Egypt and China entered into a trade accord. Egypt has also signed an economic treaty with Russia. In June 2001, Egypt signed an Association Agreement with the European Union (EU), which entered into force on 1st June 2004. The agreement provided immediate duty-free access to Egyptian products into EU markets, while duty-free access for EU products was phased over a twelve-year period. These trade agreements allow us to ship internationally with Zero Duty Fees!  With all these perks, Midani has strategically positioned itself in the polyester yarn market and collaborates with numerous yarn importers and manufacturers worldwide.  

If you’d like to know more about Midani or if you’d like to make an order, kindly contact us at: [email protected]