This article discusses the use of rubles as a currency in export customs declarations. According to customs regulations, the declaration must select a currency listed in the currency code table, which does not include rubles. Although there are differing opinions on the matter, it is advisable to consult customs brokers for a better understanding of the requirements and operational standards set by various customs authorities.
Eilat Airport is the main civilian airport located in Eilat, Israel, established in 1949 at an elevation of 13 meters. It features a 1900-meter runway primarily serving domestic routes and acts as a key hub connecting Tel Aviv and Haifa. Currently, there are a limited number of international routes; however, it is set to be replaced by the new Ramon Airport in 2017.
Bangladesh has reached a collaboration with a Japanese company to jointly develop the Matarbari deep sea port in the Cox's Bazar region, aimed at enhancing international trade capacity and economic growth. The new port will feature a 460-meter container terminal and a 300-meter multipurpose terminal, with an expected handling capacity of 2.6 million TEUs, and is set to be completed by 2029.
The White House has postponed the reciprocity tariffs originally set to take effect on July 9 to August 1, increasing uncertainty in the logistics industry. Experts indicate that the new tariff scope may impact consumer prices and urge attention to future economic dynamics. Analysis from S&P Global shows a decline in overall U.S. import tariffs, which is expected to exert a dampening effect on inflation.
This article discusses the pricing structure of air freight, particularly the distinction between an additional fee of 50 yuan for goods weighing under 45 kg and the minimum charge (M price). The minimum charge is levied by airlines on shippers, while the additional 50 yuan is set by freight forwarders to ensure their profit margins. This policy ensures that forwarders can maintain operations when handling small shipments while improving cost transparency.
Chandigarh Airport is a civil and military airport located 9 kilometers from the city center of Chandigarh, India. With an elevation of 314 meters and a runway length of 2744 meters, it facilitates air travel. The planned international terminal is set to be completed by December 2015, making it the second-largest international airport in Punjab. Future developments include terminal and runway expansions to accommodate larger aviation demands.
Drone delivery is rapidly transforming our lives, with the market projected to reach $13.3 billion by 2030. Companies like SF Express and Meituan have already begun commercial operations, providing efficient local and intercity delivery services. Numerous global enterprises are also actively exploring drone logistics to enhance user experience through innovative delivery models. The widespread application of drone delivery is set to reshape the future of e-commerce and the logistics industry.
This article provides a thorough analysis of the components of freight forwarding costs in foreign trade, highlighting the differences between fixed and variable costs and how to set reasonable quotes to remain competitive. By offering examples of freight forwarding charges, discussing the impact of designated forwarders, and strategizing to cope with fluctuating shipping rates, it aims to help professionals in foreign trade master the calculation methods for these costs, thereby enhancing their business efficiency.
The Incoterms® rules are a set of global standards published by the International Chamber of Commerce, covering 11 essential trade terms. Since their inception in 1936, with the latest version released in 2020, these rules clarify the responsibilities and risks of sellers and buyers in the delivery of goods in international trade. They help prevent misunderstandings and reduce transaction costs. Understanding these rules is crucial for the success of every trader.
Japan Transport is set to launch a China-Europe railway freight service aimed at facilitating the flow of goods between Europe and China. This new option for transporting small amounts of cargo offers a transit time of 18-21 days at only one-third the cost of air freight, catering to demands for quicker deliveries without urgency. Furthermore, Japan Transport plans to primarily target Japanese companies, providing them with more efficient logistics solutions for their operations in both China and Europe.
