Beginners Guide to Understanding Incoterms in Global Trade

Beginners Guide to Understanding Incoterms in Global Trade

This article provides a clear and concise explanation of the 13 common Incoterms (EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP) used in international trade. It details the responsibilities of both buyer and seller under each term, clarifies the point of risk transfer, and specifies the applicable modes of transport. The aim is to help foreign trade practitioners better understand and utilize these terms to effectively manage and mitigate trade risks.

08/22/2025 Logistics Encyclopedia
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Maersk Adapts to Trump Tariffs Amid Trade Challenges

Maersk Adapts to Trump Tariffs Amid Trade Challenges

Amidst the uncertainty brought by Trump's tariff policies, Maersk CEO Søren Skou believes that tariffs themselves don't directly impact trade; consumer purchasing power is key. Maersk addresses these challenges by enhancing adaptability and deepening strategic partnerships, while firmly supporting free trade. This strategy offers valuable insights for the shipping industry, emphasizing flexible adaptation and efficiency improvements to navigate geopolitical risks and market fluctuations. The company's approach highlights the importance of resilience in a volatile global trade environment.

11/03/2025 Logistics Industry Insights
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Effective Insurance Strategies for International Cargo Transport

Effective Insurance Strategies for International Cargo Transport

International cargo insurance is a crucial tool for safeguarding global trade. It helps businesses mitigate transportation risks and ensures goods arrive safely at their destinations. Utilizing standardized insurance policies aids companies in clearly and systematically addressing potential legal and economic risks in international transactions. After a comprehensive analysis, it is recommended that business owners actively utilize this tool to maximize their benefits.

07/18/2025 Logistics
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How To Properly Fill In The Transaction Method In The Export Customs Declaration?

How To Properly Fill In The Transaction Method In The Export Customs Declaration?

This guide provides detailed instructions on how to correctly fill in the 'Transaction Terms' section of the Export Goods Customs Declaration. It outlines the steps and considerations for various international trade terms such as FOB, C&F, and CIF. This not only helps improve customs efficiency but also reduces transaction risks, making it an essential reference for anyone engaged in international trade.

07/16/2025 Logistics Encyclopedia
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Essential Factors for Accurate HS Code Classification in International Trade

Essential Factors for Accurate HS Code Classification in International Trade

This article provides a detailed analysis of the factors involved in classifying goods using HS codes in international trade, including product types, materials, and composition percentages. It offers specific examples on how to accurately classify products, helping businesses to mitigate risks during the declaration process and ensure compliance with relevant regulations. Mastering these elements is key to enhancing trade efficiency.

07/28/2025 Customs Knowledge
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Guide to Mitigating Export Risks with Cargo Insurance

Guide to Mitigating Export Risks with Cargo Insurance

This article delves into the cargo risks faced by export companies and the importance of cargo insurance. It details the types of cargo insurance, key selection points, and uses All Risks marine insurance as an example to illustrate crucial aspects like insured amount and premium calculation. The importance of choosing a professional freight forwarding company is emphasized, aiming to help export companies effectively mitigate risks and ensure trade security. This helps businesses protect their shipments and financial interests in the global marketplace.

08/21/2025 Logistics Encyclopedia
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Exporters Face Risks from Documentation Errors in Clearance

Exporters Face Risks from Documentation Errors in Clearance

This paper delves into the significance of documentary compliance in international trade, using case studies to highlight the potential risks associated with document discrepancies. It elaborates on effective strategies for avoiding discrepancies and provides practical measures for addressing them. The aim is to assist foreign trade enterprises in achieving smooth export clearance and safeguarding their own interests. By understanding and implementing these strategies, businesses can minimize delays, reduce costs, and ensure successful transactions under Letters of Credit and other trade finance instruments.

08/23/2025 Document Interpretation
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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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