What is Parallel Import?

[VanMia]

Parallel import refers to the importation of products by importers without authorization from the relevant intellectual property rights holders. These products are originally placed on the market in other countries or regions by the rights holders themselves or with their consent, and are then imported into the country or region where the intellectual property rights holders or exclusive licensees are located. Parallel import cars, fully known as parallel trade import vehicles, are commonly referred to as parallel trade vehicles. Based on their different identities, parallel import vehicles can be divided into three main categories: modified vehicles, small-batch vehicles, and narrowly defined parallel import vehicles. Depending on the import region, they can also be classified as U.S.-spec vehicles, Middle East-spec vehicles, Canadian-spec vehicles, European-spec vehicles, etc. The required documents for purchasing a parallel import vehicle include: 1. Certificate of Imported Goods; 2. Vehicle Inspection Sheet; 3. Vehicle Conformity Certificate; 4. Vehicle Purchase Invoice; 5. Electronic Information of Imported Vehicles.