Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

COV (Change of Vessel Fee) is a common charge in maritime freight forwarding, typically around 200 RMB per instance. This fee applies in cases where changes to the vessel are required due to customer reasons, helping to prevent empty cargo holds during voyages. Understanding the background and implications of change of vessel fees can assist customers in making more efficient arrangements for cargo transport and avoid unnecessary costs.

07/16/2025 Logistics Encyclopedia
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Crossborder Ecommerce Boom Strains Shenzhen Logistics Firm

Crossborder Ecommerce Boom Strains Shenzhen Logistics Firm

A Shenzhen-based freight forwarding company's financial issues led to the detention of eight containers in US ports, incurring substantial demurrage fees and causing concern among cross-border e-commerce sellers. High demurrage costs and chaotic shipping conditions exacerbate the risk of financial collapse in the freight forwarding industry. This article advises sellers to exercise caution when selecting freight forwarders and provides a series of tips to avoid potential pitfalls, ensuring cargo security and reducing operational risks. This situation highlights the importance of due diligence in the current volatile shipping environment.

01/04/2026 Logistics
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Freight Forwarders Gain Efficiency with Iatas Cargo System

Freight Forwarders Gain Efficiency with Iatas Cargo System

This article delves into the IATA CASS (Cargo Account Settlement System), explaining how it streamlines the accounting settlement process between airlines and freight forwarders, improving efficiency and reducing costs. It also details the application process, required documents, and benefits of becoming an IATA-accredited freight forwarder. The aim is to help freight forwarding companies better leverage the IATA platform and expand their global business operations. This includes understanding the requirements for maintaining accreditation and utilizing CASS for efficient financial transactions.

12/30/2025 Logistics
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Shipping Industry Grapples With Bill of Lading Errors Digital Shift

Shipping Industry Grapples With Bill of Lading Errors Digital Shift

This article compiles answers to frequently asked questions from freight forwarding forums regarding common issues such as bill of lading number blocking, incorrect port entry information, special container sealing requirements, and MSK's paperless bill of lading. It aims to provide practical reference for freight forwarding practitioners and help them solve problems encountered in actual operations. The content is designed to assist in navigating the complexities of bill of lading procedures and related logistical challenges.

08/22/2025 Logistics Encyclopedia
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Freight Forwarders Optimize Bill of Lading and Customs Processes

Freight Forwarders Optimize Bill of Lading and Customs Processes

This article focuses on key aspects of freight forwarding customs clearance, specifically addressing the Bill of Lading, its amendment process, and customs release procedures. It provides a detailed interpretation of important considerations and operational workflows, aiming to assist freight forwarding professionals in efficiently and compliantly completing customs clearance tasks. The goal is to help practitioners avoid unnecessary complications and potential losses by providing practical guidance on navigating these critical stages of the import/export process.

08/22/2025 Logistics Encyclopedia
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Shipping Industry Faces Risks in Customs and Cargo Handling

Shipping Industry Faces Risks in Customs and Cargo Handling

Container transportation involves multiple parties. This article addresses common issues in freight forwarding consolidation, such as the use of special containers, customs inspection, route selection, HS codes, bill of lading header, customs weight verification, and special delivery methods. The aim is to help freight forwarding companies mitigate risks and ensure the safe and efficient transportation of goods. It provides insights into navigating these complexities and avoiding potential problems during the shipping process.

08/22/2025 Logistics Encyclopedia
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Freight Forwarders Guide to Bill of Lading Amendments

Freight Forwarders Guide to Bill of Lading Amendments

Based on ROCKY_HIGHSUN's experience, this article provides a detailed analysis of the reasons, procedures, required documents, fees, and precautions for Bill of Lading (B/L) amendments. It aims to help freight forwarding practitioners efficiently handle B/L amendment issues and avoid unnecessary losses. The guide covers practical aspects and offers insights into navigating the complexities of B/L modifications within the context of freight forwarding operations, particularly considering the implications for Letter of Credit transactions.

08/21/2025 Document Interpretation
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Exporters Advised on Mitigating Rolled Cargo Risks

Exporters Advised on Mitigating Rolled Cargo Risks

This article provides an in-depth analysis of the 'cargo abandonment' phenomenon within the freight forwarding industry. It details the definition, causes, and countermeasures of cargo abandonment, offering effective prevention techniques. Through case study analysis, it helps foreign trade companies and freight forwarding practitioners better avoid risks, ensure smooth cargo transportation, and reduce unnecessary losses. The article aims to provide practical guidance for mitigating the negative impact of cargo abandonment in international trade.

08/23/2025 Logistics Encyclopedia
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IATA Accreditation Guide for Cargo Agents in St Martin

IATA Accreditation Guide for Cargo Agents in St Martin

This article provides a detailed interpretation of the mandatory and optional requirements for applying for IATA freight forwarding accreditation in St. Maarten. It covers aspects such as the accreditation application, company registration documents, bank guarantee, professional qualification certificates, financial contact information, financial standards agreement, financial statements, office lease agreement, and tax identification number. Furthermore, it offers strategies for successfully obtaining IATA accreditation and emphasizes the significant value of IATA accreditation for freight forwarding companies.

01/26/2026 Logistics Encyclopedia
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Freight Forwarders Decry HB56 Platforms Operational Flaws

Freight Forwarders Decry HB56 Platforms Operational Flaws

Freight forwarders are complaining about the poor user experience of the "HB56" (suspected Hong Kong Shipping Pass) platform, citing unstable access and cumbersome verification processes that affect work efficiency. Administrators acknowledge the shortcomings, and users are calling for improvements. Enhancing user experience is crucial for the development of freight forwarding information platforms, requiring increased technical investment, simplified verification procedures, attention to user feedback, and continuous maintenance and updates.

08/23/2025 Logistics
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