Beginners Guide to Understanding Incoterms in Global Trade

Beginners Guide to Understanding Incoterms in Global Trade

This article provides a clear and concise explanation of the 13 common Incoterms (EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP) used in international trade. It details the responsibilities of both buyer and seller under each term, clarifies the point of risk transfer, and specifies the applicable modes of transport. The aim is to help foreign trade practitioners better understand and utilize these terms to effectively manage and mitigate trade risks.

08/22/2025 Logistics Encyclopedia
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International Freight Forwarding: The Core Role in Foreign Trade Transportation

International Freight Forwarding: The Core Role in Foreign Trade Transportation

International freight forwarding mainly refers to freight agents, who assist in export transportation by cooperating with carriers to ensure the safe and timely delivery of goods. Freight forwarding companies handle various services such as booking, trucking, and customs clearance, making them indispensable partners for foreign trade enterprises. Their role effectively simplifies foreign trade operations, making the entire transportation process smoother.

07/21/2025 Logistics Encyclopedia
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Myanma Foreign Trade Bank SWIFT Code Guide for International Transfers

Myanma Foreign Trade Bank SWIFT Code Guide for International Transfers

This article analyzes the SWIFT code MFTBMMMYXXX of Myanma Foreign Trade Bank (MFTB), highlighting its role in cross-border remittances. It emphasizes the importance of this code for international transactions involving MFTB. Furthermore, it reminds users to pay attention to other crucial remittance details besides the SWIFT code to ensure efficient and secure money transfers to and from Myanmar. Providing complete and accurate information is vital for successful international payments.

09/01/2025 International Settlement
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Sudanese Pound Hits Record Low Against US Dollar

Sudanese Pound Hits Record Low Against US Dollar

Currently, 1 Sudanese pound (SDG) is worth approximately 0.001666259 USD, with 1 USD exchanging for about 600.147 SDG. Understanding exchange rate dynamics is crucial for foreign trade, tourism, and consumer decisions. By grasping trends and seizing economic opportunities, one can enhance competitiveness in the international market.

08/25/2025 Exchange Rate Query
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Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Incoterms® are standard terms used in international trade that define the obligations, costs, and risks associated with the delivery of goods for both sellers and buyers. This article provides an in-depth exploration of the current Incoterms® 2020 version, explaining its applicable terms and significance. Understanding these terms helps businesses conduct transactions efficiently and accurately in the international market.

07/24/2025 Logistics Encyclopedia
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Beijing Airport Customs Clearance Guide for Export Returns

Beijing Airport Customs Clearance Guide for Export Returns

This article focuses on the issue of export returns, using Beijing Airport as an example. It elaborates on the operational procedures and precautions of export returns from ten aspects: analysis of return reasons, timeliness management, identification of trade methods, export tax rebate processing, subsequent cargo handling, document preparation, foreign exchange management regulations, special cargo declaration, terminal and warehousing selection, and customs broker selection. The aim is to help foreign trade companies efficiently and compliantly handle return matters and minimize losses.

02/21/2025 Customs Knowledge
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Guide to SWIFT Transfers Via Banco Central Del Paraguay

Guide to SWIFT Transfers Via Banco Central Del Paraguay

This article presents the SWIFT code BCPAPYPRXXX of the BANCO CENTRAL DEL PARAGUAY and explains how to use this information correctly for international remittances to ensure that funds reach the recipient smoothly. It also reminds readers to pay attention to remittance fees and foreign exchange rates to prepare for seamless financial transactions.

08/13/2025 International Settlement
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