Bonded Warehouses: Key Hubs in Global Trade Under Customs Oversight

Bonded Warehouses: Key Hubs in Global Trade Under Customs Oversight

Bonded warehouses play a crucial role in international trade, classified into public, private, and self-use types, primarily storing goods that have not completed customs procedures. National regulations prohibit the storage of prohibited items in these warehouses, ensuring smooth trade operations and compliance with social responsibilities. Various types of warehouses cater to the diverse needs of businesses.

Air Cargo Surcharge Under 45kg Reflects Industry Cost Realities

Air Cargo Surcharge Under 45kg Reflects Industry Cost Realities

This article discusses the pricing structure of air freight, particularly the distinction between an additional fee of 50 yuan for goods weighing under 45 kg and the minimum charge (M price). The minimum charge is levied by airlines on shippers, while the additional 50 yuan is set by freight forwarders to ensure their profit margins. This policy ensures that forwarders can maintain operations when handling small shipments while improving cost transparency.

INCOTERMS 2010 Guide Clarifies Key International Trade Terms

INCOTERMS 2010 Guide Clarifies Key International Trade Terms

This article provides an in-depth analysis of DAP (Delivered at Place) within international trade terminology, clarifying the responsibilities and costs for both parties during the transportation process. According to INCOTERMS 2010, DAP requires the seller to transport the goods to a destination specified by the buyer while covering related costs, excluding import duties. Additionally, the article discusses the evolution of this term and compares it to previous terminologies, aiding readers in understanding the current regulations governing international trade.

Fixture Notes: The Psychological Foundations of Maritime Chartering

Fixture Notes: The Psychological Foundations of Maritime Chartering

A Fixture Note serves as a charter confirmation document commonly used for the final confirmation of charter contracts. Although it is not entirely equivalent to a contract, it is often regarded as one in practice. The Fixture Note primarily includes vessel information, details of the shipowner and charterer, cargo description, loading and unloading ports, freight, deposits, loading and unloading rates, demurrage fees, and other related terms to ensure its legality and enforceability.

IATA Divides Global Air Travel Into Three Key Fare Regions

IATA Divides Global Air Travel Into Three Key Fare Regions

The International Air Transport Association (IATA) divides the world into three main regions to facilitate the establishment of fare calculation rules. IATA Region 1 includes the Americas and related islands, Region 2 covers Europe and parts of Africa, while Region 3 primarily pertains to Asia and Oceania. This regional classification is a crucial foundation for understanding fare structures in the air transportation industry.

TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

This article presents the important air freight rate manual TACT (The Air Cargo Tariff), first published in 1975 and currently co-published by several airlines. TACT is divided into three main parts and includes all rules and detailed rate information for international transport. Understanding how to use TACT enables transportation professionals to obtain precise quotes, thereby enhancing decision-making efficiency and market competitiveness.

Commercial Invoices: The Trust Foundation of Global Trade

Commercial Invoices: The Trust Foundation of Global Trade

A commercial invoice is an essential document issued by the seller to the buyer, detailing information about the goods involved in the transaction. This document allows the seller to collect payment. It is widely used in international trade for purposes such as payment reference, customs documentation, and applying for export licenses, making it an indispensable part of trade transactions.

Air Cargo Industry Faces Voluntary, Involuntary Contract Changes

Air Cargo Industry Faces Voluntary, Involuntary Contract Changes

Changes in air cargo transportation can be classified into voluntary and involuntary changes. Voluntary changes are usually initiated by the shipper and involve actions such as pre-departure returns, mid-journey stops, and changes of destination. Involuntary changes occur due to the carrier or external factors, with common reasons including flight adjustments and force majeure events.