This article discusses the advantages and disadvantages of global maritime services, emphasizing the significance of shipping in international trade and its economic benefits. Maritime transport is not only suitable for bulk commodities but also has environmental advantages. However, factors such as longer shipping times and high costs for transporting small quantities must also be considered.
The article shares key considerations for LCL cargo transportation, including the importance of not specifying a particular shipping company, emphasizing transport terms, ensuring accurate billing, evaluating costs, and protecting intellectual property rights. By focusing on these details, the chances of smooth and efficient transportation are improved, contributing to the successful development of international trade.
Singapore can implement a duty deferment policy that allows foreign trade enterprises to leverage various programs, such as the zero GST warehouse scheme and the major exporter scheme, to reduce costs. To benefit from these policies, specific conditions must be met. It is advisable to consult local customs or professional service providers to ensure compliance.
This article provides a detailed overview of the key considerations for international sea freight consolidation, including cargo preparation and packaging, booking and documentation, customs clearance, cost control, and transportation timing and tracking. The aim is to assist foreign trade practitioners in minimizing transportation risks and additional costs, ensuring the smooth completion of cargo transport.
The surge in demand resulting from the US-China trade agreement brings potential risks to the supply chain. While the decline in idle ship rates indicates a recovery in capacity, shipping companies may face significant challenges including reduced quotas, difficulties in booking, and rising costs, which have a considerable economic impact on end consumers.
This article provides an in-depth analysis of terminal handling charges and other hidden costs in international sea freight. It details the composition and influencing factors of various fees, including port charges, port congestion fees, customs clearance fees, and warehousing fees. The aim is to help cargo owners understand the complete picture of sea freight costs, effectively control expenses, avoid unnecessary expenditures, and gain a proactive advantage in international trade. By understanding these fees, shippers can better manage their logistics budget and negotiate favorable terms.
This article provides an in-depth analysis of export tax rebate calculation methods, emphasizing the use of tax-exclusive FOB value as the basis, avoiding the common mistake of calculating based on tax-inclusive amounts or customs declaration amounts. For C&F and CIF trade terms, it clarifies the handling of freight and insurance costs. The aim is to help export companies accurately grasp tax rebate policies, comply with regulations, and reduce export costs. This ensures correct rebate applications and avoids potential financial penalties.
This article explores the importance of obtaining local information for logistics management in a global trade environment. Local contacts providing information on transportation, costs, and holiday schedules are crucial for business decision-making. Our logistics solutions aim to help companies enhance supply chain efficiency and easily access market intelligence across regions, thereby strengthening their global competitiveness.
Maritime transport is a critical pillar of global trade, but its reliability has been increasingly challenged by factors such as the pandemic and climate change, leading to significant financial, operational, and reputational costs for shippers. This article explores the impact of this unreliability and strategies to address it, aiming to enhance the resilience and stability of supply chains.
In light of changing trade policies and tariffs, rising inventory costs and warehousing prices compel businesses to rethink their supply chain strategies. This article explores concepts such as diversion integration, push-pull models, multi-channel inventory management, and the use of bonded warehouses, which can enhance financial resilience and supply chain flexibility in the current environment.
