Due to the impact of maritime pre-transport, the trans-Pacific air freight market is facing challenges of shrinking demand and low freight rates. In the coming months, it is expected that both air freight volume and rates will struggle to recover. The industry needs to reassess market strategies to tackle these challenges.
Freight forwarding expert VICTOR addresses practical challenges in freight forwarding, such as LCL tax refunds, manifest modifications, and overbooking/cargo rejection. He emphasizes the importance of customs declaration number allocation and provides professional advice on customs transit, demurrage charges, and invoice issuance to help freight forwarding companies mitigate risks. The discussion covers various aspects of LCL operations and offers solutions to common issues encountered in the industry.
The FOB terms clearly delineate the responsibilities and risk transfer between the seller and the buyer in international trade. It is recommended that enterprises make reasonable decisions when selecting suitable shipping terms based on the characteristics of the goods and the mode of transport.
With the ongoing reforms of state-owned enterprises, China's air cargo industry is facing the paradox of market optimism alongside overall losses. To break this situation, the application of internet thinking for tactical innovation is essential. By establishing a bidding platform for air cargo, building an IoT infrastructure, and improving the integrity system, the industry can achieve optimal resource allocation and enhance customer experience, facilitating sustainable development in air cargo.
This article provides an in-depth analysis of the '19 Guidelines for Transportation and Logistics,' focusing on its objectives, content, and significance in promoting cost reduction and efficiency improvement in the logistics industry. It emphasizes the accuracy of policy direction, the clarity of key tasks, and how the proposed measures can assist the industry in addressing pain points and challenges, ultimately leading to optimized resource allocation and healthy economic development.
This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.
China Southern Airlines Logistics has launched the first 'Double Pre-Clearance' cargo station in the Guangzhou Baiyun Airport Free Trade Zone. This facility integrates civil aviation security and customs inspection, significantly improving cargo clearance efficiency and promoting the development of cross-border logistics in the Guangdong-Hong Kong-Macau Greater Bay Area.
This paper delves into the definition and significance of the country of origin in trade. The country of origin not only affects market access and tariff policies but also relates to compliance in international trade. The differences in origin rules across countries have a profound impact on enterprises' operations and their competitiveness in the global market. Understanding these rules is crucial for optimizing supply chains, reducing costs, ensuring compliance, and enhancing competitive advantages.
SWIFT/BIC codes are essential for international bank transfers. This article details the composition of the BANK OF AFRICA's SWIFT/BIC code and key points for its use, emphasizing the importance of using the correct SWIFT code to avoid transfer delays.
Demurrage fees refer to the charges incurred when cargo remains at the port beyond the final free days, calculated per container, per day, and can accumulate quickly. The Flexport team offers solutions like 'pre-pulling' services to help you reduce costs and improve logistics efficiency.
