Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Incoterms® are standard terms used in international trade that define the obligations, costs, and risks associated with the delivery of goods for both sellers and buyers. This article provides an in-depth exploration of the current Incoterms® 2020 version, explaining its applicable terms and significance. Understanding these terms helps businesses conduct transactions efficiently and accurately in the international market.

07/24/2025 Logistics Encyclopedia
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Exploring Sihanoukville Cambodias Modern Maritime Hub

Exploring Sihanoukville Cambodias Modern Maritime Hub

Sihanoukville Port is Cambodia's only modern commercial port, located in Sihanoukville, linking Singapore, Thailand, and Vietnam, and capable of accommodating various types of vessels. Its natural deep-water conditions and modern facilities provide strong support for international shipping, making it an important shipping hub.

07/24/2025 Port Encyclopedia
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Kuantan Port Boosts East Coast Economic Growth

Kuantan Port Boosts East Coast Economic Growth

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.

08/05/2025 Port Encyclopedia
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Guide to MEGA Banks SWIFT Code for Global Transfers

Guide to MEGA Banks SWIFT Code for Global Transfers

This article provides a detailed explanation of MEGA International Commercial Bank's SWIFT/BIC code ICBCTWTP and its application in international remittances. It underscores the importance of accuracy and necessity, and it includes practical remittance examples to aid readers in better understanding the remittance process.

08/13/2025 International Settlement
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Hong Kong Files WTO Complaint Over US Tariffs

Hong Kong Files WTO Complaint Over US Tariffs

The Hong Kong SAR government has filed a complaint with the WTO regarding the US's imposition of tariffs, citing violations of WTO rules and disregard for Hong Kong's status as a separate customs territory. This action aims to protect Hong Kong's trade interests, defend multilateral trade principles, and promote the resolution of international trade disputes. Hong Kong will closely monitor developments, safeguard its trade position, and calls on the international community to jointly uphold WTO rules.

11/03/2025 Customs Knowledge
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