Guide to DDU Bills of Lading and Freight Forwarding Explained

Guide to DDU Bills of Lading and Freight Forwarding Explained

This article provides a detailed interpretation of common terms and operational procedures in international trade, including the responsibilities under DDU, the difference between prepaid and collect sea waybills, identification of genuine containers, key considerations for LCL cargo, types of freight forwarders, and the importance of cargo tracking. It aims to offer practical guidance for professionals engaged in international trade. The focus is on providing clear explanations and actionable insights to improve understanding and efficiency in daily operations within the global trade landscape.

08/21/2025 Logistics Encyclopedia
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Guide to Exporting Silk HS Code 50 Series Explained

Guide to Exporting Silk HS Code 50 Series Explained

The HS Code series 50 includes various products suitable for silk reeling, such as raw silk cocoons and untwisted silkworm silk, providing a clear classification for silk export trade. Understanding these codes helps merchants choose silk products wisely, improves trade efficiency, and ensures compliance and profit margins.

08/05/2025 HS Code Query
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Power of Attorney Streamlines Customs Procedures

Power of Attorney Streamlines Customs Procedures

This article discusses the importance and application of power of attorney in customs clearance, emphasizing its necessity in import and export trade, precautions, and impact on trade processes. It provides suggestions for effectively managing power of attorney to ensure smooth customs clearance and avoid legal risks.

08/05/2025 Customs Knowledge
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Analyzing The Reasons For High Logistics Costs In China And Strategies To Address Them

Analyzing The Reasons For High Logistics Costs In China And Strategies To Address Them

China's high logistics costs are attributed to multiple factors, including rising production factor prices and inadequacies within logistics companies. Increasing land and labor costs, combined with insufficient third-party logistics services and small enterprise scales, place significant pressure on operations. To reduce costs, enterprises should leverage information technology for transformation and upgrading, optimizing internal management and enhancing transportation transparency, ultimately achieving effective control over logistics costs.

07/22/2025 Logistics Industry Insights
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Lianyungang New Europe Freight Train Launch: Promoting China-kazakhstan Cooperation and Upgrading International Logistics

Lianyungang New Europe Freight Train Launch: Promoting China-kazakhstan Cooperation and Upgrading International Logistics

The launch of the 'Lianxinyou' train route from Lianyungang to Kazakhstan and Europe marks an upgrade in logistics cooperation under the Belt and Road Initiative. The railway spans 11,000 kilometers and reduces transport time to 12 days, enhancing transport efficiency. As a crucial logistics hub, Lianyungang facilitates economic cooperation between China and Kazakhstan and collaborates with Kazakhstan to build a modern logistics park, laying the foundation for future development.

12/13/2023 Logistics
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Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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Mastering The Import Customs Clearance Process 7 Key Points To Ensure Smooth Customs Clearance

Mastering The Import Customs Clearance Process 7 Key Points To Ensure Smooth Customs Clearance

This article explains the key steps in import customs clearance, including the processes and precautions for general trade and processing trade. It provides detailed information about payment methods, necessary documents, bill exchange, quality inspection, customs declaration, tariff payment, and release steps to assist businesses in successfully completing import procedures.

07/24/2025 Customs Knowledge
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New AES System Boosts Efficiency for US Exports

New AES System Boosts Efficiency for US Exports

The Automated Export System (AES) is a crucial tool used by U.S. Customs to streamline the export declaration process. It enables real-time data editing and correction, ensuring export compliance and enhancing the quality of trade statistics, thereby providing enterprises with more efficient support for international trade management.

08/05/2025 Logistics Encyclopedia
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Importers Face Challenges With Bonded Goods Deferred Duties

Importers Face Challenges With Bonded Goods Deferred Duties

Bonded goods refer to imported commodities for which customs duties are temporarily not paid and are required to be stored in a bonded warehouse under customs supervision. This system provides enterprises with financial flexibility, simplifies trade processes, and ensures the safety of goods. During the bonded period, goods can also undergo simple processing, repackaging, and re-export trade, promoting international trade development. This allows businesses to defer duty payments until the goods are actually released into the domestic market, improving cash flow and competitiveness.

11/03/2025 Customs Knowledge
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FOB Airport Pricing Key to Mitigating Air Freight Risks

FOB Airport Pricing Key to Mitigating Air Freight Risks

This article provides an in-depth analysis of FOB Airport Price in international air freight, clarifying its price composition, risk transfer mechanisms, and the division of responsibilities between buyers and sellers. By comparing it with traditional FOB, the article highlights the unique application of FOB Airport Price in air freight trade. The aim is to help practitioners mitigate trade risks and ensure smooth transactions. It covers key aspects like price calculation, responsibilities of each party involved, and potential pitfalls to avoid when using this specific trade term.

11/03/2025 Logistics Encyclopedia
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