Backdated Shipping Insurance Policies: Risks and Legal Nuances Explained

Backdated Shipping Insurance Policies: Risks and Legal Nuances Explained

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.

07/28/2025 Logistics Encyclopedia
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Customs Clearance Invoice and Bill Handling Guide: Key Analysis of Split and Consolidated Invoicing

Customs Clearance Invoice and Bill Handling Guide: Key Analysis of Split and Consolidated Invoicing

This article provides a detailed analysis of how to prepare customs declaration packing lists and invoices for clients in international trade, according to the principle of 'separate customs declaration, consolidated documentation.' It emphasizes the impact of destination port customs clearance requirements on document preparation and highlights the independence between customs declaration in the exporting country and customs clearance in the importing country.

07/21/2025 Customs Knowledge
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Guide to Container Weight Compliance for Shipping Industry

Guide to Container Weight Compliance for Shipping Industry

This article explains the key weight markings on container doors, including gross weight, tare weight, payload, and cubic capacity. It highlights the Shipper's responsibilities under the new VGM regulations, emphasizing the accurate declaration of weight, assuming liability, and timely provision of VGM. Customers are advised to photograph the weight markings during container loading to ensure smooth shipment. This practice helps verify declared weights and avoid potential delays or penalties related to inaccurate weight declarations as mandated by VGM regulations.

09/26/2025 Logistics Encyclopedia
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Overview of the Air Cargo Market Dynamics: Direct Flights and Shipment Receipt Information

Overview of the Air Cargo Market Dynamics: Direct Flights and Shipment Receipt Information

This article outlines the dynamics of the air freight market, focusing on direct flights and cargo reception information in Xi'an, Beijing, and other key cities. Understanding the stability and flexibility of various routes aids customers in planning international logistics and promotes the development of global trade. Major airlines are actively expanding services to meet the growing demand for cargo transport, providing diverse shipping solutions.

07/17/2025 Logistics
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Freight Forwarding Industry Seeks Ways to Streamline Operations

Freight Forwarding Industry Seeks Ways to Streamline Operations

This article provides an in-depth analysis of common and challenging issues in freight forwarding practice, including customs clearance and loading, short-shipment operations, mobile home declaration, port entry after cut-off, booking entrustment, customs declaration after cut-off, and the overall shipping process. It aims to offer clear operational guidance and risk avoidance strategies for freight forwarding professionals, helping to improve work efficiency and reduce operating costs. The analysis covers practical solutions and best practices for navigating these complex procedures.

08/23/2025 Logistics Encyclopedia
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Freight Forwarders Urged to Improve Customs Declarations Amid Delays

Freight Forwarders Urged to Improve Customs Declarations Amid Delays

This paper focuses on the potential cost issues arising from late shipments in freight forwarding practice, and the key points to note when filling out customs declaration data. It emphasizes the importance of VGM and analyzes the data discrepancies between the customs declaration form and the bill of lading. The aim is to help freight forwarding practitioners avoid risks and improve their professional skills. It provides insights into practical challenges and offers guidance for accurate documentation and efficient shipment management.

08/22/2025 Logistics Encyclopedia
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Guide to Streamlining Customs Clearance for Businesses

Guide to Streamlining Customs Clearance for Businesses

This article focuses on common issues encountered during the pre-entry process of consolidated shipments, such as pre-entry interface application, VGM errors, bill of lading number errors, pre-entry of domestic trade containers, and pre-entry of refrigerated containers used as dry containers. It provides detailed solutions and operational guidelines to help you clear customs efficiently and avoid unnecessary troubles. This guide aims to streamline the process and ensure smooth port logistics for consolidated shipments by addressing these specific challenges.

08/23/2025 Logistics Encyclopedia
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Complete Process and Considerations for Shipping Lithium Batteries Via Consolidated Freight to the US and Canada

Complete Process and Considerations for Shipping Lithium Batteries Via Consolidated Freight to the US and Canada

This article discusses the main processes and considerations for shipping lithium batteries via LCL to the United States and Canada. As lithium batteries are classified as hazardous materials, specific documents such as MSDS, Hazardous Goods Declaration, and customs clearance paperwork are required. Key ports include New York, Los Angeles, Vancouver, and Toronto.

07/18/2025 Logistics Encyclopedia
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New Regulations Issued Firm Measures Against Unreasonable Refusal Of Shipment By Shipping Companies To Protect Shipper Rights

New Regulations Issued Firm Measures Against Unreasonable Refusal Of Shipment By Shipping Companies To Protect Shipper Rights

The U.S. Federal Maritime Commission has issued new regulations prohibiting unreasonable refusal to carry by shipping companies, aimed at protecting cargo owner rights. The new rules clarify the legal provisions regarding refusal actions and require shipping companies to submit confidential export policy documents annually to ensure compliance.

07/26/2024 Logistics
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