This article provides an in-depth analysis of the inspection procedures conducted by the U.S. Customs and Border Protection (CBP) for international goods, including the scoring system that influences inspection decisions and common types of inspections. By understanding this mechanism, businesses can optimize their clearance processes and reduce unnecessary delays.
Analysts indicate that although green hydrogen has not yet been widely adopted in the shipping industry, the IMO's carbon pricing mechanism and net-zero carbon fund provide potential for its application. This move will promote the green transformation of the shipping industry, despite challenges such as funding and infrastructure issues.
The Original Bill of Lading (OBL) is a crucial legal document in cargo transportation, confirming that the carrier has received the goods and representing ownership of the cargo. Understanding the importance of the OBL and its release mechanism helps businesses ensure the safety of goods reaching their destination and reduce transaction risks.
New regulations from Ningbo Customs enhance the timeliness of container customs clearance and inspection. Failure to declare within 24 hours will result in information deletion. It is crucial to plan arrival and customs declaration times to avoid delays. System changes affect inspection efficiency, and early declaration can help prevent inspection delays, making accuracy in document review particularly important.
The U.S. has strengthened the customs clearance review for FBA shipments under the 321 Act. Certain packages that meet specific criteria will no longer qualify for the $800 tax exemption, posing a risk of being returned. Merchants need to prepay duties in advance and understand the new customs requirements to ensure smooth entry of their goods.
Export customs declaration is a serious task, and ensuring the accuracy of the declaration information is crucial. Preparing the customs draft is a key step to ensure consistency between the documents and the goods. Customs brokers must verify the draft, and clients should also participate in the review to avoid legal liability and economic losses due to incorrect declarations.
This article provides a detailed guide for new Shopee sellers on the onboarding process. It covers key steps such as main account registration, shop opening, qualification review, and sales right activation. The importance of main account permissions is emphasized. It also provides channels to check the application progress. This guide is applicable to sellers in all Shopee sites.
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.
Union Pacific Railroad and Norfolk Southern Railway have reached an $85 billion merger agreement to create the first coast-to-coast rail network in the United States. However, various shipper organizations have expressed concerns about potential market monopolization and rising freight rates post-merger. They are urging regulators to review the transaction to ensure competition and service quality in the market.
This article outlines the complete operational process for exporting full container loads by sea, including steps such as cargo collection, inquiry, booking, packing, customs declaration, bill of lading review, and cost settlement. It provides systematic guidance for maritime operators, emphasizing the specific requirements of each step and strategies to handle unexpected situations, ensuring that the entire operation is efficient and organized.
