Global Art Transport Faces Insurance Valuation Challenges

Global Art Transport Faces Insurance Valuation Challenges

Art transportation insurance requires precise valuation assessment and comprehensive risk coverage. Key considerations include proof of value, appraisal reports, and replacement costs to determine adequate coverage. Customized insurance plans are essential to address the unique challenges and potential risks associated with transporting valuable artworks. Focusing on these aspects ensures that the insurance policy effectively protects against damage, loss, or theft during transit, providing peace of mind for collectors and institutions alike.

11/03/2025 Logistics Encyclopedia
Read More
SHEIN Hits 400B Valuation Amid Fastfashion Expansion

SHEIN Hits 400B Valuation Amid Fastfashion Expansion

SHEIN is attempting an "Amazon-like" transformation by introducing a third-party marketplace model to break through growth bottlenecks and address competitive pressures. This move aims to enrich product variety, enhance user stickiness, and expand into the mid-to-high-end market. However, the path to platformization and moving upmarket is fraught with challenges. Whether SHEIN can succeed remains to be seen. The success of this transformation will depend on factors like attracting quality sellers and maintaining its competitive pricing.

01/04/2026 Logistics Industry Insights
Read More
WCO Workshop Enhances Panama Customs Valuation Practices

WCO Workshop Enhances Panama Customs Valuation Practices

With the support of the China Customs Cooperation Fund, the World Customs Organization (WCO) held a virtual workshop on customs valuation for Panama Customs, aiming to enhance its capacity to implement the WTO Agreement on Customs Valuation. The workshop covered key concepts, latest developments, and post-clearance audit applications of the Agreement. Through a combination of theory and practice, it improved participants' skills in document review, customs clearance, and risk management. The WCO will continue to deepen cooperation to support global customs capacity building and promote trade prosperity.

12/30/2025 Customs Knowledge
Read More
Peru Adopts Global Standards for Customs Valuation

Peru Adopts Global Standards for Customs Valuation

Supported by the SECO-WCO Global Trade Facilitation Programme, Peruvian Customs held a virtual forum focusing on customs valuation risk management. Participants exchanged experiences on database applications and discussed optimizing value verification procedures and public-private partnerships to combat valuation irregularities. Peruvian Customs plans to strengthen its value verification system and deepen collaboration with the private sector. The WCO will continue to provide support, enhancing transparency and predictability in cross-border trade. The forum highlighted the importance of efficient and fair customs valuation for trade facilitation.

12/30/2025 Customs Knowledge
Read More
Global Customs Experts Address Ecommerce Valuation Hurdles

Global Customs Experts Address Ecommerce Valuation Hurdles

The World Customs Organization's inaugural E-commerce and Customs Valuation Symposium addressed the challenges of valuing cross-border e-commerce goods. Representatives from international organizations, customs administrations, and businesses discussed data acquisition, valuation methodologies, compliance costs, and fraud risks. The symposium emphasized international cooperation, technological innovation, and process simplification to foster a fair, transparent, and efficient cross-border e-commerce environment. The aim is to promote global trade development by addressing valuation complexities and ensuring accurate revenue collection while facilitating legitimate trade flows.

01/05/2026 Customs Knowledge
Read More
Mongolia Improves Customs Valuation with WCO Assistance

Mongolia Improves Customs Valuation with WCO Assistance

At the request of the Mongolian Customs General Administration, a World Customs Organization (WCO) expert team conducted a diagnostic review of its valuation system and provided recommendations for improvement. The aim is to assist Mongolian Customs in building a more efficient and transparent valuation system by strengthening internal cooperation, developing talent, and keeping abreast of international best practices. This will enhance revenue collection, optimize the business environment, and promote trade development in Mongolia.

01/05/2026 Customs Knowledge
Read More
Crossborder Ecommerce Faces New Customs Valuation Challenges

Crossborder Ecommerce Faces New Customs Valuation Challenges

The World Customs Organization released Advisory Opinion 4.19, clarifying how to handle royalties that include both patent rights for imported raw materials and trademark rights for the final product in customs valuation. This opinion aims to enhance valuation certainty, reduce trade friction, and assist businesses in tax planning. It offers valuable guidance for cross-border e-commerce and import-export enterprises, particularly regarding the treatment of royalties in determining customs value. The advisory opinion provides a framework for consistently applying valuation principles to complex licensing agreements.

01/05/2026 Customs Knowledge
Read More
WCO Implements New Trade Valuation Rules to Boost Revenue

WCO Implements New Trade Valuation Rules to Boost Revenue

The WCO Technical Committee on Customs Valuation has adopted two new advisory opinions concerning the valuation treatment of income tax in royalties and the valuation of buyer's own trademarks on imported goods. These new rules aim to enhance certainty and transparency in customs valuation, promote international trade facilitation, optimize customs revenue, and ensure the healthy development of global trade. They provide guidance on complex valuation issues, contributing to a more predictable and equitable international trade environment. The opinions seek to clarify existing valuation principles and address practical challenges faced by customs administrations and traders alike.

01/05/2026 Customs Knowledge
Read More
Madagascar Customs Boosts Valuation Skills Via WCO Support

Madagascar Customs Boosts Valuation Skills Via WCO Support

The World Customs Organization (WCO) conducted an online workshop to enhance Madagascar Customs' valuation capabilities, covering valuation principles, Incoterms, the transaction value method, used vehicle valuation, and combating under-invoicing. Madagascar Customs officials actively participated, significantly improving their valuation skills. WCO experts commended their efforts and recommended strengthening valuation database development, enhancing risk management, fostering international cooperation, and continuing capacity building initiatives. This initiative aims to improve revenue collection and ensure fair trade practices in Madagascar.

01/05/2026 Customs Knowledge
Read More
Cambodia Boosts Customs Valuation Skills with WCO Japan Aid

Cambodia Boosts Customs Valuation Skills with WCO Japan Aid

The World Customs Organization (WCO) supported a customs valuation workshop in Cambodia to enhance the valuation capabilities of officers from the General Department of Customs and Excise of Cambodia (GDCE). The workshop covered the WTO Valuation Agreement, key technical issues, and valuation control measures, sharing case studies and experiences. Through this workshop, Cambodian Customs is expected to improve revenue collection, promote trade facilitation, and inject new vitality into the national economic development. The focus was on practical application and knowledge transfer to improve valuation accuracy and efficiency.

01/05/2026 Customs Knowledge
Read More