A bonded warehouse is a solution in international trade that allows for the storage of goods on which duties have not yet been paid. Businesses can use this to defer duty payments, improve cash flow, and enhance flexibility and competitiveness in storage management. There are up to 11 types of bonded warehouses globally, providing support for various market needs.
This article provides a practical guide for freight forwarding beginners, explaining common issues such as free time, amendment operations, and bill of lading types. It also shares tips on experience accumulation and risk avoidance to help you get started quickly and avoid unnecessary losses. This guide aims to equip newcomers with essential knowledge and practical skills in freight forwarding.
The Sri Lankan Rupee is the official currency of Sri Lanka, and understanding its exchange rate dynamics and denominations is crucial for tourists and investors. This article provides information on the rupee's exchange rates, the types of banknotes, and the influence of the central bank, reminding readers to acquire relevant knowledge for a smoother travel and investment experience.
Seydisfjordur Port is a significant medium-sized port in northeastern Iceland. Serving as a peripheral European port, it is connected to Denmark via submarine cables and features barge port capabilities, accommodating various types of vessels. With its strategic location and comprehensive facilities, it offers an efficient and reliable shipping option connecting Iceland to the European continent.
The Malaysian government is fully committed to transforming Kuala Lumpur International Airport into a regional freight hub by enhancing flight connectivity and frequencies. Last year, the airport handled 874,000 metric tons of freight, and this figure is expected to reach 940,000 metric tons this year. Infrastructure improvements have also elevated Port Klang and Tanjung Pelepas Port among the top in global container throughput. The transport department will propose the construction of a low-cost airline airport to enhance domestic air service capacity.
The global shipping industry is undergoing significant mergers and restructuring. Following the merger of China Ocean Shipping and China Shipping, it has become the world's fourth-largest container shipping company. Meanwhile, the CMA CGM Group is also seeking to acquire Neptune Orient Lines in Singapore. The mergers of several shipping companies will reshape the current alliances and impact market competitiveness. Despite the challenging market conditions, shipping companies face pressures from overcapacity and declining demand, necessitating proactive measures to address future challenges.
This article explores the importance and distinct characteristics of ocean and air freight in international logistics. Ocean freight is renowned for its capacity to transport bulk commodities, while air freight offers speed and efficiency that greatly facilitate commercial activities. As logistics services become increasingly diverse, understanding container specifications, transport costs, and each shipping phase will help businesses enhance logistics efficiency. In the future, the continued development of ocean and air freight will lead to a more intelligent and specialized international logistics framework.
The Philippines will launch a National Time Release Study (TRS) in 2025 to enhance the efficiency of customs clearance for maritime imports and exports. Spanning two weeks, the study will focus on the Manila International Container Port and has received support from the World Customs Organization and HM Revenue and Customs of the UK. The final report is expected to be completed by the end of the year, providing a basis for subsequent reforms aimed at promoting trade facilitation and enhancing national competitiveness.
Are you frustrated by the various fees and 'hidden rules' of sea freight forwarders? This article, shared by experienced drivers from the iTractor platform, offers practical advice to help you navigate the complexities. It analyzes common issues like missed loading fees, detention charges, and negative sea freight rates. Furthermore, it provides practical tips such as splitting one container into three customs declarations and identifying overweight containers. Learn how to master sea freight, save money, and improve efficiency with these valuable insights.
This article provides a detailed interpretation of common certifications required for dangerous goods export, including Dangerous Goods Packaging Certificate, Ship Classification Certificate, Cylinder Certificate, and TANK container certificate. It clarifies their respective scopes of application, issuing authorities, and key considerations. The aim is to help cargo owners and freight forwarders quickly understand the relevant knowledge and ensure compliant and safe export of hazardous chemicals. This guide provides essential information for navigating the complex certification process and avoiding potential delays or penalties.
