avoid penalties News

Freight Forwarders Guide to Handling Equipment Receipt Expirations

This article is designed for novice freight forwarders, providing a detailed explanation of the concept and calculation methods of the Equipment Interchange Receipt (Release Order) validity period. It offers practical advice to help freight forwarders avoid errors caused by expired release orders and improve work efficiency. The guide covers key aspects of managing release orders effectively, ensuring smooth equipment handover and preventing potential delays or complications in the shipping process. It aims to empower new freight forwarders with the knowledge and skills necessary to handle release orders with confidence and competence.

08/23/2025 Logistics Encyclopedia

Shippers and Carriers Debate Responsibility for Container Weighing Fees

This article explores the current state and coping strategies for VGM (Verified Gross Mass) charges in the freight forwarding industry. It points out that VGM charges have become an industry-wide phenomenon, with freight forwarders in a weak position when dealing with shipping companies and port areas. Some freight forwarders avoid risks by shifting responsibility to customers. The article emphasizes the importance of freight forwarders balancing costs and ensuring profits while remaining compliant with regulations. It highlights the need for strategic approaches to navigate the challenges posed by VGM charges.

08/23/2025 Logistics Encyclopedia

Global Trade Risks Rise Without Original Bills of Lading

This article delves into the definition, high-risk regions, preventive measures, and response strategies related to 'Delivery without Original Bill of Lading' in international trade. It aims to help foreign trade enterprises mitigate risks, protect their rights, and avoid the predicament of losing both goods and payment. The importance of selecting appropriate trade terms, carefully choosing freight forwarders, strictly adhering to operational procedures, and purchasing export credit insurance is emphasized. Furthermore, it provides effective methods for dealing with 'Delivery without Original Bill of Lading' incidents after they occur.

08/22/2025 Logistics Encyclopedia

Guide to Using Swift Codes for Scotia Bank Guyana Transfers

This article provides a detailed explanation of the SWIFT code required for international money transfers to the Bank of Guyana. It emphasizes the importance of the code and its usage scenarios. Practical advice is offered on verifying information and receiving remittances, aiming to help readers avoid transfer errors and ensure the safe and rapid arrival of funds. The guide aims to provide clear instructions and helpful tips for anyone sending money to the Bank of Guyana from abroad, focusing on the crucial role of the SWIFT code in facilitating these transactions.

09/04/2025 International Settlement

Guide to Secure SWIFT Transfers in Paraguay

This article serves as a guide to finding SWIFT/BIC codes in Paraguay, highlighting their importance in international money transfers. It provides methods for locating codes, examples of major bank codes, potential consequences of errors, and ways to avoid them. The article also explains the difference between SWIFT/BIC codes and IBANs. Furthermore, it reminds readers to pay attention to transfer fees and exchange rates. The aim is to help readers conduct international money transfers safely and efficiently. It is a practical resource for anyone involved in sending or receiving money to or from Paraguay.