ATA Carnet Streamlines Global Trade and Cultural Exchanges

ATA Carnet Streamlines Global Trade and Cultural Exchanges

The ATA Carnet is an important customs document applicable to various temporarily imported goods, including exhibition equipment, professional gear, scientific materials, and artworks. Utilizing the ATA Carnet can simplify the customs clearance process; however, it is essential to note that it is only valid for specific activities. Other goods cannot be cleared using this document. Ensuring compliance with relevant regulations is crucial.

Ocean Freight Industry Grapples With Detention Demurrage Costs

Ocean Freight Industry Grapples With Detention Demurrage Costs

In ocean freight exports, detention and demurrage charges are common additional expenses. This article analyzes the difference between these two fees: detention charges apply to exceeding the container's free use period, while demurrage charges apply to exceeding the cargo's free storage period at the terminal. Understanding their respective free time allowances and charging standards can help foreign trade companies effectively control logistics costs. Knowing how these fees are calculated and when they apply is crucial for minimizing unexpected expenses and optimizing supply chain efficiency.