New Incoterms Guide Aids Global Trade Efficiency

New Incoterms Guide Aids Global Trade Efficiency

The Incoterms® rules are a set of global standards published by the International Chamber of Commerce, covering 11 essential trade terms. Since their inception in 1936, with the latest version released in 2020, these rules clarify the responsibilities and risks of sellers and buyers in the delivery of goods in international trade. They help prevent misunderstandings and reduce transaction costs. Understanding these rules is crucial for the success of every trader.

08/05/2025 Logistics Encyclopedia
Read More
VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

08/05/2025 Customs Knowledge
Read More
Global Trade Relies on Clarity of Incoterms

Global Trade Relies on Clarity of Incoterms

This article delves into the core functions and significance of international commercial terms (Incoterms®), including the allocation of costs and responsibilities, the clarification of risk transfer, and guidance for participants in transportation. Commonly used Incoterms® such as FCA, FOB, FAS, and EXW, along with the slight differences between the 2010 and 2020 versions, help buyers and sellers clearly understand their respective obligations and risks in transactions.

08/07/2025 Logistics Encyclopedia
Read More
New Regulations Streamline Global Art Trade Compliance

New Regulations Streamline Global Art Trade Compliance

The "Interim Provisions on the Administration of Import and Export of Artworks" aims to regulate artwork import and export, clarifying declaration procedures, license application, and customs clearance & inspection processes. Agencies offer license application assistance and customs clearance & inspection services, helping companies achieve compliant and efficient customs clearance, and promoting the standardized development of the artwork market.

08/21/2025 Customs Knowledge
Read More
Paperless Export Clearance Boosts Global Trade Efficiency

Paperless Export Clearance Boosts Global Trade Efficiency

This paper delves into paperless export release, highlighting its advantages such as improved customs clearance efficiency and reduced operating costs. It details the preparations and considerations for implementing paperless export release, aiming to help companies better understand and utilize paperless customs clearance policies. By streamlining processes and minimizing paperwork, this approach significantly enhances customs clearance efficiency, fostering foreign trade development and reducing delays associated with traditional paper-based procedures. The study emphasizes the importance of digital infrastructure and data security for successful implementation.

08/21/2025 Document Interpretation
Read More
Global Trade Guide Essential International Cargo Insurance

Global Trade Guide Essential International Cargo Insurance

Cargo transportation insurance for international import and export is crucial for safeguarding international trade. The insurance application form serves as the key document for establishing the insurance relationship, making clear and accurate completion essential. This guide provides insights into the insurance application process and important considerations to ensure the safe arrival of goods and prosperous business. It covers key aspects of applying for cargo insurance, helping you navigate the process effectively and minimize potential risks associated with international shipping.

08/21/2025 Document Interpretation
Read More
Guide to Successful Importing in Global Trade

Guide to Successful Importing in Global Trade

This article provides a detailed analysis of the seven key processes involved in foreign trade import, offering a comprehensive operational guide from signing the agency agreement to the final handover of goods. It aims to help readers understand the import process, avoid potential risks, and improve foreign trade efficiency. The guide covers essential steps and considerations for a smooth and compliant import experience, focusing on practical advice and best practices for navigating the complexities of international trade.

08/21/2025 Customs Knowledge
Read More
Guide to African Currencies for Global Trade

Guide to African Currencies for Global Trade

This article provides a comprehensive currency reference guide for logistics professionals and businesses engaged in African trade. It covers the currency names, symbols, former symbols, standard symbols, and subunit denominations of major African countries. This guide aims to help businesses efficiently and conveniently complete cross-border payments and settlements, and avoid potential financial risks. It serves as a valuable tool for navigating the complexities of African currencies in the context of international trade and logistics.

08/21/2025 Exchange Rate Query
Read More