Global Trade Risks Rise Without Original Bills of Lading

Global Trade Risks Rise Without Original Bills of Lading

This article delves into the definition, high-risk regions, preventive measures, and response strategies related to 'Delivery without Original Bill of Lading' in international trade. It aims to help foreign trade enterprises mitigate risks, protect their rights, and avoid the predicament of losing both goods and payment. The importance of selecting appropriate trade terms, carefully choosing freight forwarders, strictly adhering to operational procedures, and purchasing export credit insurance is emphasized. Furthermore, it provides effective methods for dealing with 'Delivery without Original Bill of Lading' incidents after they occur.

08/22/2025 Logistics Encyclopedia
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New Incoterms Guide Aids Global Trade Efficiency

New Incoterms Guide Aids Global Trade Efficiency

The Incoterms® rules are a set of global standards published by the International Chamber of Commerce, covering 11 essential trade terms. Since their inception in 1936, with the latest version released in 2020, these rules clarify the responsibilities and risks of sellers and buyers in the delivery of goods in international trade. They help prevent misunderstandings and reduce transaction costs. Understanding these rules is crucial for the success of every trader.

08/05/2025 Logistics Encyclopedia
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Trumps Trade Policies Fuel Transpacific Trade Uncertainty

Trumps Trade Policies Fuel Transpacific Trade Uncertainty

The trade agreement signed by the Trump administration raises tariff levels, making the Trans-Pacific trade environment more uncertain, which adds pressure on global businesses and economic cooperation. Companies face risks of rising costs, making it increasingly important to seek alternative solutions to navigate the uncertainty.

08/07/2025 Logistics
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Guide to Container Essentials for Freight Forwarders

Guide to Container Essentials for Freight Forwarders

This article provides a comprehensive analysis of container knowledge in the field of foreign trade freight forwarding. It covers common container specifications, nicknames, weights, related terminology, and operational procedures. From dimensions and volumes to specialized terms, it helps you gain a deep understanding of the world of containers and enhance your professional capabilities in foreign trade freight forwarding. It aims to improve your understanding of container types, sizes, and the terminology used when dealing with containerized cargo.

08/22/2025 Logistics Encyclopedia
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Consolidated Freight Forwarding Efficient and Safe Shipping Details and Strategies

Consolidated Freight Forwarding Efficient and Safe Shipping Details and Strategies

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.

07/23/2025 Logistics
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Global Firms Streamline Contract Distribution Models

Global Firms Streamline Contract Distribution Models

This article examines the ICC's 'Short Form Contract for Agency and Distribution', highlighting its advantages in simplifying contracts within international trade. The short form contract provides concise and clear terms, facilitating quick market relationships for businesses. It also elucidates the key differences between agency and distribution models, offering practical solutions for companies aiming to engage in international business flexibly.

08/05/2025 Logistics Encyclopedia
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Freight Forwarding Guide Covers Fees Docs and Customs Hurdles

Freight Forwarding Guide Covers Fees Docs and Customs Hurdles

This article provides detailed analysis and practical advice on common issues in freight forwarding, such as Telex Release fees, MSDS, and customs clearance. It covers Telex Release fee collection strategies, MSDS preparation, customs clearance route selection, cargo damage handling, interpretation of trade terms, export certification requirements, and fumigation & qualification procedures. The aim is to help freight forwarders mitigate risks and improve efficiency in their operations.

08/22/2025 Logistics Encyclopedia
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Exploring the Mystery of Customs Exemption Codes

Exploring the Mystery of Customs Exemption Codes

This article explores the classification of customs exemption nature codes and their significance in import and export management. It covers various types of exemptions, including general taxation, gratuitous aid, specific regions, and self-use materials, providing definitions and applications for each category. The establishment of these codes offers customs an efficient management mechanism, helping businesses better navigate tax management challenges and facilitate trade flow. Understanding these terms provides practical knowledge and information support for international freight forwarding professionals.

11/30/-0001 Customs Knowledge
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New Customs Declaration Form Adds Trade Country (region) Indicator to Promote International Trade Transparency

New Customs Declaration Form Adds Trade Country (region) Indicator to Promote International Trade Transparency

The General Administration of Customs recently announced reforms to the customs declaration process, introducing a new 'Trade Country (Region)' indicator. This change aims to enhance the accuracy of customs declarations and reflect the true state of international trade, in line with the developments of economic globalization. The indicator will streamline the customs clearance process, improve efficiency, and assist businesses in conducting more effective global trade.

07/21/2025 Logistics
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