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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China-Russia Highway Corridor Boosts Cross-Border Trade Efficiency

China-Russia Highway Corridor Boosts Cross-Border Trade Efficiency

A hardware company in Wenzhou successfully transported goods to Moscow via the Rusyun platform, enhancing logistics efficiency and experience. The platform provides one-stop services, significantly reducing costs. Meanwhile, the launch of Harbin Longyun International Land Port marks the opening of the Harbin-Russian highway corridor, attracting numerous businesses and promoting the development of foreign trade services. Statistics show that cargo shipment volume has significantly increased since the center's launch, highlighting the potential of regional logistics advantages.

07/29/2025 Logistics
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Paperless Customs Clearance Streamlines Global Trade Logistics

Paperless Customs Clearance Streamlines Global Trade Logistics

This article delves into the process optimization of paperless customs clearance, highlighting the additional documentation required for the import and export of repair items. It elucidates the connection between port cargo stacking and customs declaration, as well as the crucial role of pre-manifest information and electronic packing lists in customs clearance. The concepts of heavy cargo and light cargo are also explained. This aims to provide practical guidance for freight forwarders and foreign trade practitioners.

08/23/2025 Customs Knowledge
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Understanding Direct Air Waybills Vs. Split Air Waybills

Understanding Direct Air Waybills Vs. Split Air Waybills

This article provides a detailed analysis of two types of air waybills: the direct waybill and the split waybill. It delineates their definitions, applicable scenarios, and functional differences. The direct waybill is primarily used when the shipper and consignee information is directly displayed, while the split waybill is utilized in complex freight forwarding operations, helping to simplify the customs clearance process. Understanding the differences between these two types of waybills will enhance the efficiency of foreign trade operations.

07/21/2025 Logistics Encyclopedia
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Shipping Guide: Understanding Key Knowledge About Sea Freight, Customs Clearance, Operations, and Costs

Shipping Guide: Understanding Key Knowledge About Sea Freight, Customs Clearance, Operations, and Costs

This article introduces the basic concepts of consolidation, including port entry, customs declaration, operations, and associated costs. By understanding the 'Five Consistency Principles', the correct customs declaration steps, the importance of selecting shipping companies, and the role of bills of lading, readers can gain a comprehensive understanding of the consolidation process, ensuring smooth logistics and transportation.

07/17/2025 Logistics Encyclopedia
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Shanghai Ports Guide to Luchaogang and SIPG Operations

Shanghai Ports Guide to Luchaogang and SIPG Operations

This article provides practical guidance on common issues encountered during consolidation customs clearance, such as cargo tally modifications, empty container leasing, and reefer container transportation. It also interprets practical aspects of port area operations. The aim is to assist freight forwarders and foreign trade practitioners in efficiently completing consolidation customs clearance processes. It covers key operational considerations and offers insights to streamline the entire process, ensuring smoother and faster customs clearance for consolidated shipments.

08/23/2025 Logistics Encyclopedia
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Maersk Enhances Customer Service for Efficient Cargo Handling

Maersk Enhances Customer Service for Efficient Cargo Handling

This article provides a detailed overview of the customer service inquiry, container guarantee application, and cargo pick-up process after booking with Maersk. It emphasizes strategies for dealing with overbooking situations, tips for using the Maersk website, and important considerations for inland transportation. The aim is to offer practical operational guidance for foreign trade professionals, covering key aspects from booking confirmation to final delivery and highlighting best practices for efficient and effective cargo management.

08/23/2025 Logistics Encyclopedia
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Ningbo Port Streamlines Customs Clearance for Cargo Efficiency

Ningbo Port Streamlines Customs Clearance for Cargo Efficiency

This article focuses on the customs clearance process at Ningbo Port, addressing frequently asked questions regarding dangerous goods transportation, differentiation between domestic and foreign trade, information inquiries, and cut-off times. It also highlights the procedural differences between Shanghai Port and Ningbo Port. The aim is to help cargo owners complete cargo transportation efficiently and conveniently, avoiding unnecessary delays and losses. This guide provides practical information for navigating the complexities of Ningbo Port's customs procedures.

08/23/2025 Port Encyclopedia
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Qingdao Customs: Significant Improvement in Customs Efficiency for Exports to South Korea

Qingdao Customs: Significant Improvement in Customs Efficiency for Exports to South Korea

Data from Qingdao Customs shows a significant improvement in customs clearance efficiency for foreign trade enterprises dealing with South Korea, with sea freight times reduced by 34.78% and air freight times increased by 71.43%. This progress is driven by policy benefits and technological innovation, particularly the AEO mutual recognition policy and the consolidated tax reform. Additionally, modern technologies such as the Internet of Things have greatly enhanced customs efficiency, significantly lowering business costs.

07/21/2025 Logistics
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Penneshaw Airport Expands Global Air Cargo Logistics

Penneshaw Airport Expands Global Air Cargo Logistics

This article introduces basic information about Penasho Airport (PEA) and highlights West Coast Freight's three-letter code inquiry system. Covering over 40,000 cities and airports worldwide, the system provides comprehensive, accurate, and timely information to help freight forwarders and foreign trade companies easily grasp global airport information and improve air freight efficiency. West Coast Freight also offers a range of services including air freight tracking and airline inquiries, making it a reliable air freight partner.

09/29/2025 Airport Codes
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