Shipping Industry Grapples with Complex Charter Terms Like PWWD, SSHINC

Shipping Industry Grapples with Complex Charter Terms Like PWWD, SSHINC

This article analyzes the meanings and practical applications of commonly used terms in charter party contracts: PWWD, SSHINC, and CQD. PWWD refers to 'Per Working Weather Day' and relates to the measurement of loading and unloading time; SSHINC specifies that Saturdays, Sundays, and holidays are included; while CQD represents the customary discharge speed at the port, with associated risks. These terms are crucial for ensuring the smooth operation of voyage charter agreements.

07/28/2025 Logistics Encyclopedia
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Freight Forwarding Explained Container Rules and Weight Classifications

Freight Forwarding Explained Container Rules and Weight Classifications

This article provides an in-depth analysis of common freight forwarding terms, including the meanings and applications of "empty container," "loaded container," and the process of "pick up empty return loaded." By outlining the container loading process and clarifying the concept of "loaded container" in different contexts, this aims to help readers comprehensively understand key aspects of freight forwarding operations. This understanding will improve communication efficiency and optimize logistics management within the industry.

09/26/2025 Logistics Encyclopedia
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Essential Factors for Accurate HS Code Classification in International Trade

Essential Factors for Accurate HS Code Classification in International Trade

This article provides a detailed analysis of the factors involved in classifying goods using HS codes in international trade, including product types, materials, and composition percentages. It offers specific examples on how to accurately classify products, helping businesses to mitigate risks during the declaration process and ensure compliance with relevant regulations. Mastering these elements is key to enhancing trade efficiency.

07/28/2025 Customs Knowledge
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Proper HS Code Classification for Product Manuals in International Trade

Proper HS Code Classification for Product Manuals in International Trade

This article discusses the classification of HS codes for product manuals in international trade. Product manuals can be imported and exported with machines or separately, leading to different classification methods. When imported and exported with products, they can be classified as 4901; when exported separately, they are classified as advertising printed materials under 4911.1010. Understanding these two scenarios is crucial for accurate reporting, and it is recommended to consult relevant professionals to ensure compliance.

07/28/2025 Customs Knowledge
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China's Export Dilemma: Buyout vs. Agency Trade Models Compared

China's Export Dilemma: Buyout vs. Agency Trade Models Compared

The difference between buying export and agent export lies in the former referring to exports conducted through an entity with export rights when lacking such rights, while the latter involves an authorized exporter acting as an agent to ensure foreign exchange repatriation. Buying export does not enjoy tax rebates, whereas agent export can apply for them. Understanding these distinctions is crucial for foreign trade operations.

07/28/2025 Customs Knowledge
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Bonded Warehouses Offer Taxfree Storage for Global Trade

Bonded Warehouses Offer Taxfree Storage for Global Trade

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.

08/05/2025 Customs Knowledge
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Commerce Control List Key to US Export Compliance

Commerce Control List Key to US Export Compliance

This article outlines the significance of the Commercial Control List (CCL) in U.S. export compliance, emphasizing its functions, classification system, and impact on international business transactions. It suggests that companies should prioritize the CCL to mitigate risks and promote global trade.

08/05/2025 Customs Knowledge
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