A late payment fee refers to the charge that freight forwarders or customs brokers impose on customers after paying customs duties and value-added tax on their behalf, typically calculated as a percentage of the amount paid. Understanding this fee can help businesses optimize their import processes, control costs, and enhance market competitiveness.
This article details the nine key steps of export sea freight, including inquiry and quotation, order placement, booking, container loading, inspection and customs declaration, bill of lading (B/L) verification and confirmation, B/L issuance, reconciliation and payment settlement, and release of cargo. It aims to help shippers understand the sea freight process, reduce transportation costs, and improve efficiency.
Shanghai Port aims to enhance container throughput and maintain its position as the world's leading port by improving its transportation system and establishing an international shipping center. The focus will be on regional collaboration and technological empowerment, promoting integrated transportation in the Yangtze River Delta to strengthen economic circulation. Additionally, efforts will be accelerated on railway and highway construction to ensure efficient connections between major cities and support regional development.
On October 22, 2024, the Global Fashion Agenda hosted an online masterclass focused on how logistics can contribute to the sustainable development of the fashion industry. The event featured insights on using logistics to reduce carbon emissions, based on a collaboratively released report titled "Reverse Logistics in Circular Fashion Systems: Exploring Untapped Potential." The conference aimed to provide actionable guidance and tools for the industry to advance towards net-zero goals.
The construction of the Pearl River Delta Hub (Guangzhou New) Airport is about to commence, marking a new phase in the aviation network of the Guangdong-Hong Kong-Macao Greater Bay Area. The new airport will alleviate pressure on Guangzhou Baiyun Airport, helping to develop a world-class airport cluster. It is expected to enhance air service and transportation capacity, promote regional economic development, and strengthen global connectivity.
The General Office of the Ministry of Transport has established clear capacity standards for self-owned vessels of companies engaged in direct river-sea transportation to promote green development in water transport and improve efficiency. Companies solely involved in direct river-sea transportation must adhere to capacity standards similar to those of inland waterway transport companies, while those participating in other waterway operations are required to meet higher standard demands.
Harbin Customs has established three business centers including a 'Nuclear Approval Center' to innovate management models, achieving centralized, intelligent, and specialized customs operations. This has significantly improved the efficiency of enterprise customs clearance and service quality. After the new model was implemented, the approval process was shortened, leading to a substantial increase in the utilization of tax policies by enterprises, which alleviated financial pressure and promoted sustainable local economic development.
Tampico Port is a significant energy port located in the northeastern Mexican state of Tamaulipas, featuring a prime geographic position and abundant oil resources. The port serves as a key export point for domestic and international petroleum, minerals, and agricultural products, thanks to its coastal proximity and oil pipelines. Additionally, it engages in diverse industries such as mechanical repair and shipbuilding, laying a strong foundation for future development.
In 2024, the number of maritime and railway intermodal trains operating on the New Western Land-Sea Corridor exceeded 2,000, a year-on-year increase of 16.8%, supporting regional economic development. Guangxi Beibu Gulf International Port Group actively promotes the marine economy, leading to a significant increase in train transport demand. The goal is to operate 10,000 trains throughout the year, laying the foundation for facilitating a dual circulation market.
WCA, or the World Cargo Transport Alliance, is the largest independent freight forwarder network globally, with members in 190 countries. The alliance not only offers a diverse range of logistics services but also enhances the international business development and client trust for freight forwarders. Membership in WCA requires a fee, but it significantly improves business capabilities. It is essential not to confuse it with other organizations to ensure accurate communication.
