Bank of Communications SWIFT Codes Guide for International Transfers

Bank of Communications SWIFT Codes Guide for International Transfers

This article provides a detailed explanation of the SWIFT/BIC code COMMCNSHACD for the Bank of Communications (BANK OF COMMUNICATIONS, CO. LTD.) in China. It elaborates on its significance, structure, correct usage, and potential risks. The aim is to assist users in conducting international remittances safely and efficiently, avoiding delays or losses caused by incorrect codes. Understanding the nuances of the SWIFT code is crucial for ensuring smooth and secure international money transfers through the Bank of Communications.

09/03/2025 International Settlement
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New Customs Rules Simplify Trade Compliance for Businesses

New Customs Rules Simplify Trade Compliance for Businesses

To standardize customs declaration practices, the General Administration of Customs and the China Customs Brokers Association will promote a standardized paper format for the Power of Attorney for Customs Declaration. The new regulations emphasize the 'reasonable review' obligation of customs brokers and standardize customs declaration form filling, aiming to improve customs clearance efficiency, reduce corporate risks, and protect the legitimate rights and interests of enterprises. Companies should understand the new regulations in advance and prepare for compliance.

09/26/2025 Customs Knowledge
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Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei province's import and export volume to Latin American and Caribbean countries reached a record high. This growth is attributed to the deepening of China-Latin America trade, precise positioning in key markets, and increased exports of advantageous products. Furthermore, the increased import of high-quality agricultural products from Latin America promoted trade diversification, providing a valuable reference for foreign trade development in other regions. The strong performance highlights the potential of the Latin American market for Hebei's exporters.

11/03/2025 Logistics
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Key Steps to Know for FBA First Mile Transportation

Key Steps to Know for FBA First Mile Transportation

In FBA first-stage transportation, sellers must pay attention to critical steps such as checking product quantities, consistency, label printing quality, and carrier selection. Ensuring a smooth transportation process while adhering to Amazon's requirements can help avoid common mistakes, ultimately enhancing logistics efficiency and customer satisfaction.

07/17/2025 Logistics Encyclopedia
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Trumps Tariff Threats Strain Global Trade Relations

Trumps Tariff Threats Strain Global Trade Relations

On July 9, Trump reiterated the threat of increased tariffs, while Treasury Secretary Becerra noted that some countries might reach agreements, but not all parties would meet deadlines. The U.S. Secretary of Commerce stated that an agreement with ten major trading partners is forthcoming, increasing pressure on national survival. Cargo owners and freight forwarders must closely monitor policy changes to mitigate potential risks.

06/30/2025 Logistics
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Guangzhous Bonded Logistics Hit Record Trade in H1 2025

Guangzhous Bonded Logistics Hit Record Trade in H1 2025

In the first half of 2025, Guangzhou's bonded logistics import and export volume reached 56.65 billion yuan, a year-on-year increase of 29.9%. Growth was driven by sectors such as international consolidation and distribution. The city's commerce bureau aims to facilitate trade by innovating policies and promoting new foreign trade models, supporting Guangzhou's development as a 'trade power city'.

08/07/2025 Logistics
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Jones Act Safeguards US Maritime Transport Legal Analysis Shows

Jones Act Safeguards US Maritime Transport Legal Analysis Shows

The Jones Act, as a law protecting U.S. maritime shipping, requires that all ships engaged in domestic trade be built in the United States, owned by U.S. citizens, and manned by American crews. This act not only safeguards the interests of the domestic market but also provides legal protection for seafarers, making it a crucial legal framework for U.S. maritime commerce.

08/06/2025 Logistics Encyclopedia
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Efficient Contract Management Tips for Industrial Equipment Suppliers

Efficient Contract Management Tips for Industrial Equipment Suppliers

This article introduces the 'Model Contract for Turnkey Equipment Supply for Industrial Plants' launched by the International Chamber of Commerce. It provides a clear structure for equipment procurement, reduces transaction costs, and ensures efficiency and reliability. The contract covers key terms to maximize the interests of both suppliers and buyers, making it an essential tool for modern industrial project management.

08/05/2025 Logistics Encyclopedia
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