IATA Introduces BSP Course to Simplify Agency Ticketing

IATA Introduces BSP Course to Simplify Agency Ticketing

IATA (International Air Transport Association) introduces an introductory online course on the BSP (Billing and Settlement Plan) system. This course aims to help travel agency professionals understand the BSP system's operational principles and improve ticketing settlement efficiency. The curriculum covers fundamental BSP concepts, terminology, participants, and ticketing reporting procedures. It is suitable for accountants, travel agency staff, and other relevant professionals. Upon completion and passing the exam, participants will receive an IATA certificate of completion.

01/20/2026 Logistics Encyclopedia
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Customs Settlement Methods Code Explanation and Class Analysis

Customs Settlement Methods Code Explanation and Class Analysis

This article provides a detailed analysis of customs settlement method codes, focusing on common methods such as letters of credit, telegraphic transfers, checks, and collections. It categorizes the advantages and disadvantages of each settlement method and discusses their applicable scenarios. Additionally, the article explores customs definitions of settlement methods and their application in international trade. The diversity of settlement methods caters to different trade needs, ensuring transaction security and flexibility.

07/21/2025 International Settlement
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Fedexs 228M Settlement Challenges Contractor Models in Logistics

Fedexs 228M Settlement Challenges Contractor Models in Logistics

FedEx's $228 million settlement over independent contractor classification underscores the compliance risks associated with corporate employment models. This event has sparked deep reflection on the independent contractor model in the logistics industry, warning companies to prioritize labor rights and innovate employment models on a compliance basis for sustainable development. The settlement highlights the potential legal and financial ramifications of misclassifying workers and emphasizes the need for careful consideration of labor laws and regulations when structuring workforce arrangements.

01/21/2026 Logistics Industry Insights
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Fedex Pays 228M in Gig Worker Misclassification Settlement

Fedex Pays 228M in Gig Worker Misclassification Settlement

FedEx paid $228 million to settle a case for misclassifying employees as independent contractors. This case highlights the legal and reputational risks associated with the independent contractor model and the importance of compliance operations. Companies should strengthen compliance management to ensure business activities comply with laws and regulations, achieving sustainable development. Proper classification of workers is crucial to avoid penalties and maintain ethical business practices. Ignoring compliance can lead to significant financial and legal repercussions.

01/01/2026 Logistics Industry Insights
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ASEAN Trade Expands with RMB Settlement for Export Rebates

ASEAN Trade Expands with RMB Settlement for Export Rebates

This paper interprets the RMB settlement export tax rebate policy, focusing on its application in ASEAN trade. Companies trading with countries that have signed RMB trade circulation agreements can apply for tax rebates if the contract and payment are in RMB and an RMB account is opened. Businesses should closely monitor policy updates and strengthen cooperation with financial institutions to fully utilize the convenience of RMB settlement. This facilitates smoother trade transactions and potentially reduces exchange rate risks within the ASEAN region.

08/22/2025 International Settlement
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A Comprehensive Analysis of Customs Settlement Methods: Comparing Letters of Credit and Wire Transfers

A Comprehensive Analysis of Customs Settlement Methods: Comparing Letters of Credit and Wire Transfers

This article provides a detailed analysis of customs settlement methods in international trade, including letters of credit, telegraphic transfers, demand drafts, and other forms. It highlights the characteristics and applicable situations of each settlement method, offering a comparison of the safety and convenience of these options to help businesses better understand the settlement process.

07/21/2025 Logistics Encyclopedia
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Logistics Firms Embrace Digital Transformation Postpandemic

Logistics Firms Embrace Digital Transformation Postpandemic

The post-pandemic era has accelerated the digital transformation of logistics settlement. This paper compares the differences between traditional freight audit and digital settlement, emphasizing the importance of data-driven approaches. It also explores the potential of blockchain technology in reshaping logistics settlement processes. Companies need cross-departmental collaboration and close partnerships with service providers to embrace digital settlement and gain a competitive edge. By adopting these strategies, businesses can optimize their supply chain and improve overall efficiency in the evolving logistics landscape.

01/21/2026 Logistics Industry Insights
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