Parallel imported cars are vehicles purchased directly from overseas markets without authorization, typically priced 10%-20% lower than domestically regulated cars. Individuals can also import cars through parallel channels, but they must be aware of the complex customs procedures involved, which include tariffs, value-added tax, and consumption tax.
Bonded logistics is an essential concept in international trade, allowing specific imported goods to be stored and processed temporarily under customs supervision without immediate payment of import duties. This system provides businesses with flexible options for managing goods, requiring that relevant taxes only be paid when goods are not re-exported.
The ATA Carnet serves as a duty-free passport for international trade, allowing businesses to temporarily import goods into over 80 countries and regions without customs duties. By simplifying customs procedures, it helps companies reduce costs and enhance cross-border business efficiency, making it a vital tool for promoting international trade.
This paper explores the key differences between direct and indirect customs agency in international trade. It analyzes the applicable scenarios and advantages and disadvantages of each method, assisting businesses in making more informed decisions when choosing their agency model to ensure the efficiency and smoothness of import and export processes.
Monroe Port in Michigan will launch its first international container terminal compliant with the Safe Port Act in 2026, breaking a long-standing bottleneck in container transportation. The new terminal will provide convenient services for export and import businesses, promote regional economic development, and achieve efficient and cost-effective container shipping.
The newly established EU-US trade framework, while avoiding a trade war, has increased import costs for American containers and is expected to suppress transportation demand. Meanwhile, policy changes promoting short-haul transport have altered the shipping patterns for energy goods, potentially leading to profound impacts on the shipping market.
This article aims to explore commonly used website navigation in the freight forwarding industry, assisting professionals in efficiently obtaining information and resources to promote business development. By introducing websites related to major site searches, import tariff inquiries, government agencies, finance, and practical tools, readers can enhance their competitiveness in international trade.
Qingdao Port launched the Yun Gang Tong platform, providing online services for import and export processes. Customers can handle transactions online, eliminating the need for physical visits, significantly reducing operational and time costs, and improving port operational efficiency. This represents a significant step in the construction of a smart port.
This article is designed for freight forwarding novices, explaining in detail how to arrange container loading and the concept of “container release” after receiving the shipping order confirmation. It emphasizes the importance of verifying the information on the shipping order confirmation and elaborates on the container release process and the required documents. The aim is to help beginners quickly grasp the freight forwarding operation process.
This guide aims to help you understand the insurance application procedure for air transport of goods. In the event of a cargo incident, you need to provide documents like the waybill, insurance policy, airline damage report, packing list, and invoice. Additionally, ensure to fill in detailed information about the insured, markings, packaging and quantity, insured cargo items, and amounts to achieve comprehensive protection for the goods.
