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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Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei province's import and export volume to Latin American and Caribbean countries reached a record high. This growth is attributed to the deepening of China-Latin America trade, precise positioning in key markets, and increased exports of advantageous products. Furthermore, the increased import of high-quality agricultural products from Latin America promoted trade diversification, providing a valuable reference for foreign trade development in other regions. The strong performance highlights the potential of the Latin American market for Hebei's exporters.

11/03/2025 Logistics
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Customs Clearance Challenges Addressing Discrepancies and Errors

Customs Clearance Challenges Addressing Discrepancies and Errors

Customs declaration issues are common in foreign trade. This article details three handling methods for problems like weight discrepancies and incorrect information during customs declaration: cancel and re-declare, dealing with the Anti-Smuggling Department, and modifying the declaration. It explains the definitions, differences, costs, and time involved for each. The article emphasizes the seriousness of customs penalties and aims to help foreign traders and freight forwarding companies better handle customs declaration anomalies, ensuring smooth customs clearance.

08/21/2025 Customs Knowledge
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Delayed Payment Fees Impact Import Process Efficiency

Delayed Payment Fees Impact Import Process Efficiency

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.

08/05/2025 Customs Knowledge
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Inside Yangshan Ports Efficient Customs Clearance Process

Inside Yangshan Ports Efficient Customs Clearance Process

Unveiling the industry secrets behind the 'load first, ticket later' phenomenon at Yangshan Port. This explores potential causes such as information delays, unconventional operations, and checkpoint errors. It offers a guide to avoid pitfalls, helping you choose reliable freight forwarders, communicate effectively, and verify information to ensure smooth cargo entry and secondary release. It emphasizes the importance of proactive communication and diligent information verification to navigate the complexities of Yangshan Port logistics and prevent potential complications.

08/22/2025 Customs Knowledge
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Freight Forwarding Guide Simplifies Customs Clearance Process

Freight Forwarding Guide Simplifies Customs Clearance Process

This article focuses on common issues in the freight forwarding customs clearance process and provides practical solutions. It comprehensively analyzes freight forwarding practical skills to help you clear customs efficiently, covering packing list modification, bill of lading handling, ENS fee calculation, tally information confirmation, booking and dangerous goods precautions, inspection response, and the use of original bills of lading. It offers guidance on navigating the complexities of customs clearance and ensuring smooth and compliant import/export operations.

08/23/2025 Logistics Encyclopedia
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DBBL Guide Simplifies International Remittance Process Safely

DBBL Guide Simplifies International Remittance Process Safely

This article provides a detailed analysis of DUTCH-BANGLA BANK PLC.'s SWIFT/BIC code DBBLBDDH101, explaining how to make international remittances accurately and securely. It discusses the importance of SWIFT codes and outlines practical steps for using them, along with tips for cross-border remittance to help readers enhance the efficiency of their transactions.

08/27/2025 International Settlement
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In-depth Analysis of Container Transport Process

In-depth Analysis of Container Transport Process

This article provides an in-depth analysis of the basic processes involved in container transportation, including loading, management, unloading, and distribution. It emphasizes the importance of smooth communication and cooperation while highlighting how industry practitioners accumulate experience and tackle challenges in practice. By sharing real case studies, it effectively enhances work skills and industry awareness.

07/18/2025 Logistics Encyclopedia
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Advance Transfer Customs Declaration Process and Considerations

Advance Transfer Customs Declaration Process and Considerations

This article details the process and considerations for advance transshipment declarations in air freight within the Beijing area. It includes required customs documentation, input steps, and subsequent operations after declaration. Special emphasis is placed on clearly indicating the transshipment declaration during information entry, as well as ensuring the accuracy and completeness of related documents to facilitate a smooth release.

07/21/2025 Logistics Encyclopedia
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Analysis of Railway Freight Transportation Operations Process

Analysis of Railway Freight Transportation Operations Process

The operational process of railway cargo transportation involves several key steps, including the shipper declaring transportation orders, filling out waybills, loading goods, and making payments. During transit, the carrier must manage contracts and handle exceptions, while the consignee needs to complete pick-up procedures upon arrival. Understanding the nature of stations, developing transportation plans, and efficient loading are crucial for ensuring safe and efficient transportation.

07/17/2025 Logistics Encyclopedia
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