Guide to Insuring Highvalue Goods in International Shipping

Guide to Insuring Highvalue Goods in International Shipping

This article provides an in-depth analysis of insurance logic for high-value goods under the international small package insured value service. It covers key aspects such as the definition of high-value goods, risk identification, premium pricing, value verification, claim scope, and risk prevention. Practical suggestions are offered to help you effectively mitigate risks in cross-border trade and achieve stable profits. The analysis aims to provide insights into securing high-value shipments and navigating the complexities of international parcel insurance to minimize potential losses.

11/03/2025 Logistics Encyclopedia
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China Expands Service Trade with New Negative List

China Expands Service Trade with New Negative List

The Ministry of Commerce is fully implementing the negative list for cross-border service trade, aiming to enhance the level of opening-up, boost market vitality, and promote economic transformation and upgrading. The new policy clarifies the admission "baseline", improves policy transparency, and actively aligns with international rules, bringing new development opportunities for enterprises. Companies should pay close attention to policy trends, adjust their strategies, and operate in compliance to seize the benefits of opening-up. This initiative is expected to foster a more dynamic and competitive environment for the service sector.

11/03/2025 Logistics
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US Tariffs Hike Disrupts China Crossborder Ecommerce

US Tariffs Hike Disrupts China Crossborder Ecommerce

The US has initiated or increased tariffs on six categories of Chinese goods imported into the US, with rates generally high, reaching up to 1157.53% in some cases. Affected products include hardwood plywood, softwood plywood, brake drums, low-speed personal transportation vehicles, temporary steel fences, and slag pots. Cross-border e-commerce companies should adopt strategies such as diversifying market layouts, increasing product added value, and ensuring compliant operations to cope with trade risks. These measures are crucial for mitigating the impact of these new tariffs and maintaining competitiveness in the global market.

11/03/2025 Customs Knowledge
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Local Information and Logistics Solutions in Global Trade

Local Information and Logistics Solutions in Global Trade

This article explores the importance of obtaining local information for logistics management in a global trade environment. Local contacts providing information on transportation, costs, and holiday schedules are crucial for business decision-making. Our logistics solutions aim to help companies enhance supply chain efficiency and easily access market intelligence across regions, thereby strengthening their global competitiveness.

07/22/2025 Logistics
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Understanding Delivery Terms in International Trade — Incoterms®

Understanding Delivery Terms in International Trade — Incoterms®

Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.

07/21/2025 Logistics Encyclopedia
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Future Shipping Network: Reshaping East-west Trade Dynamics

Future Shipping Network: Reshaping East-west Trade Dynamics

The East-West Shipping Network Initiative aims to enhance the reliability and efficiency of global trade transportation by reducing the number of ports along major shipping routes, optimizing shipping services, and introducing flexible regional shipping lines. Set to officially operate in February 2025, the initiative will effectively strengthen the resilience and responsiveness of supply chains.

01/30/2025 Logistics
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African Trade Requires ECTN for Smooth Customs Clearance

African Trade Requires ECTN for Smooth Customs Clearance

The Electronic Cargo Tracking Number (ECTN No.) is a crucial document required for exports to African countries to ensure smooth customs clearance. Many African nations, including Nigeria, Senegal, and Guinea, mandate obtaining this number before shipment to avoid customs issues and fines. Shippers should inquire about the relevant regulations from the consignee during the application process. Understanding the importance of this registration significantly enhances the efficiency of international trade.

07/28/2025 Logistics Encyclopedia
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Bonded Warehousing Boosts Global Trade Efficiency and Flexibility

Bonded Warehousing Boosts Global Trade Efficiency and Flexibility

This article reveals the concept of bonded goods and explains its significance in logistics and customs management. Bonded goods can be stored or processed in specific areas without immediate taxation, protecting business interests. Additionally, it elaborates on terminology related to bonded goods, using the concept of 'Bonded' for unified expression, emphasizing the crucial role of the bonded system in global trade.

07/28/2025 Logistics Encyclopedia
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Export Agency Agreements Key to Global Trade Success

Export Agency Agreements Key to Global Trade Success

This agreement outlines the fundamental elements of agent export in international trade, emphasizing the responsibilities and obligations of both parties, including the roles of the agent and the principal, fees, quality assurance, and protection of trade secrets. The agreement aims to clarify the cooperation framework, ensure smooth transactions, and reduce legal risks.

07/28/2025 Logistics Encyclopedia
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INCOTERMS 2010 Guide Clarifies Key International Trade Terms

INCOTERMS 2010 Guide Clarifies Key International Trade Terms

This article provides an in-depth analysis of DAP (Delivered at Place) within international trade terminology, clarifying the responsibilities and costs for both parties during the transportation process. According to INCOTERMS 2010, DAP requires the seller to transport the goods to a destination specified by the buyer while covering related costs, excluding import duties. Additionally, the article discusses the evolution of this term and compares it to previous terminologies, aiding readers in understanding the current regulations governing international trade.

07/28/2025 Logistics Encyclopedia
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