china us trade News

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

Peru Adopts Global Standards for Customs Valuation

Supported by the SECO-WCO Global Trade Facilitation Programme, Peruvian Customs held a virtual forum focusing on customs valuation risk management. Participants exchanged experiences on database applications and discussed optimizing value verification procedures and public-private partnerships to combat valuation irregularities. Peruvian Customs plans to strengthen its value verification system and deepen collaboration with the private sector. The WCO will continue to provide support, enhancing transparency and predictability in cross-border trade. The forum highlighted the importance of efficient and fair customs valuation for trade facilitation.

12/30/2025 Customs Knowledge

Zimbabwe Enhances AEO System Following WCO Review

The World Customs Organization (WCO) has completed a review of Zimbabwe's Authorized Economic Operator (AEO) pilot program, offering recommendations for upgrades to build a 'next generation' AEO program aligned with international standards. This initiative, supported financially and technically by HM Revenue & Customs (HMRC) of the UK, collaborates with the United Nations Conference on Trade and Development (UNCTAD) to promote trade facilitation and supply chain security in Zimbabwe. The goal is to enhance efficiency and security within Zimbabwe's trade environment through improved AEO program implementation.

01/05/2026 Customs Knowledge

Cyprus Bank CBCYCY2NJCC Simplifies International Fund Transfers

CBCYCY2NJCC is the SWIFT code for the Central Bank of Cyprus, ensuring a simple and reliable remittance process. You can transfer US dollars to France, allowing for smooth fund flow and enjoying efficient remittance services.

09/05/2025 International Settlement

Key Role of SWIFTBIC Codes in Global Money Transfers

Understanding the USBKUS44PDX SWIFT/BIC code ensures your cross-border remittances are safe and reliable. It consists of USBK (bank code), US (country), 44 (region), and PDX (branch), paving the way for your fund transfers.

09/09/2025 International Settlement

Guide to Understanding Dollarrand Exchange Rates

This platform provides real-time exchange rate information for the US dollar and South African rand, helping users easily understand exchange values in international transactions and investments. 1 USD is approximately equal to 17.74 ZAR.