This article explores four core tasks for establishing a modern commercial circulation system, including the application of digital technology, infrastructure development, participation of diverse entities, and policy support. These measures aim to enhance circulation efficiency and promote high-quality economic development.
A late payment fee refers to the charge that freight forwarders or customs brokers impose on customers after paying customs duties and value-added tax on their behalf, typically calculated as a percentage of the amount paid. Understanding this fee can help businesses optimize their import processes, control costs, and enhance market competitiveness.
Kuantan Port, a significant commercial port in Southeast Asia and a key hub in the East Coast Economic Region, features 24 berths and an annual cargo throughput of 26 million tons. Its strategic location and modern development present numerous opportunities for regional economic growth.
This article presents the latest exchange rate information for converting 10,000 USD to AUD, highlighting the importance of exchange rates in international transactions and investment decisions. It also provides methods for timely updates on exchange rate dynamics.
This article analyzes the current exchange rate dynamics of the Thai Baht (THB) against the US Dollar (USD), noting that 10,000 THB is approximately equivalent to 309.43 USD. It discusses the volatility of the exchange rate and its significance for economic decision-making.
A backdated insurance policy refers to an agreement where the insurer, at the request of the insured, retroactively sets the policy's inception date to before the shipment of goods, requiring mutual consent. This practice carries a fraud risk by potentially concealing the true date of the insurance contract. Insurers typically demand a guaranty letter to mitigate potential liabilities, ensuring that coverage is limited to risks occurring after the actual policy inception date.
This article details the nine key steps of export sea freight, including inquiry and quotation, order placement, booking, container loading, inspection and customs declaration, bill of lading (B/L) verification and confirmation, B/L issuance, reconciliation and payment settlement, and release of cargo. It aims to help shippers understand the sea freight process, reduce transportation costs, and improve efficiency.
This article focuses on the situation where cargo containers are delayed due to inspection, preventing them from being loaded onto the ship on time. It details the specific re-allocation process at Waigaoqiao and Yangshan ports, including applying for a non-loading certificate, canceling the customs declaration form, and modifying port area information. The aim is to help foreign traders cope with unexpected situations and minimize losses caused by cargo delays. It provides a practical guide to navigate the re-allocation procedures in these specific port locations.
LCL cargo inspection involves uncertainty due to potential issues with other goods in the same container. Choosing a reliable freight forwarder, accurate declaration, providing detailed documentation, and purchasing cargo insurance are crucial for mitigating risks. Careful operation is essential to ensure cargo safety. The uncertainty of LCL inspection can be affected by other cargoes in the same container, so choosing a reliable freight forwarder is very important.
This article summarizes the HS codes and declaration elements in international freight and import-export customs declaration, analyzing key elements through practical declaration examples. It ensures a correct understanding of the meaning of the declaration elements to avoid conflicts between the declaration content and HS codes.
