The ten-digit customs registration number is crucial for companies' declaration processes. This article discusses the impacts of expired registrations and recommended measures to address them. It emphasizes the importance of regularly checking registration information to prevent delays and additional costs due to registration issues, ensuring smooth business operations.
The Low Sulfur Surcharge (LSS) has been implemented since 2015 to reduce sulfur emissions in the shipping industry. The fee varies between ports and companies, ranging from $15 to $25 per TEU.
The classification of the customs code for whale oil is crucial, as it distinguishes between endangered and non-endangered species. According to the customs import-export tariff, whale oil is coded as 1504300010 (endangered marine mammals) or 1504300090 (non-endangered marine mammals). As whales are mammals, they cannot be classified as fish oil. Selecting the accurate code requires determining the whale species or consulting professionals to comply with customs regulations.
This article discusses key approaches to handling marine cargo damage, focusing on carrier liability, insurance applicability, inspection procedures, and claim strategies. By clarifying responsibilities, promptly notifying insurers, conducting effective inspections, and selecting appropriate claim paths, issues of cargo damage can be effectively addressed. Furthermore, case studies demonstrate how rights can be protected and compensation achieved in practical handling.
China Ocean Shipping and China Shipping are expected to complete their merger by January next year, creating the world's fourth-largest container shipping company. The reform plan has been approved by the State Council, involving over 20 billion USD in funding. Key issues include effective integration and ensuring employee stability. The merger will significantly enhance the market competitiveness of both companies and may alter the dynamics of the international shipping market.
To ensure smooth ocean freight container booking, a range of key information must be provided, including origin, destination, service mode, cargo details, container type and quantity, weight, pick-up information, and special requirements for refrigerated or dangerous goods. Clear information helps avoid delays and ensures transportation safety. Providing accurate and complete details is crucial for efficient and secure shipping. This facilitates proper handling and compliance throughout the entire shipping process.
Peak Season Surcharge (PSS) is a floating fee levied by carriers during periods of high demand, primarily influenced by seasonal factors and the global economic situation. Importers and exporters can mitigate the cost pressures from PSS through strategies like advance planning and flexible carrier selection. Timely access to market information, understanding the imposition of PSS, and anticipating future trends can facilitate more informed decision-making. Staying informed about PSS allows businesses to proactively manage their freight costs and maintain profitability in the face of fluctuating surcharges.
Cainiao Smart Logistics continues to increase its investment in Xi'an Airport, launching four new European cargo routes with a planned 366 flights annually. This is expected to handle over 15,000 tons of international air cargo per year. Through increased flights, establishing local operations, and continuous investment, Cainiao Smart Logistics is helping Xi'an build an international air hub, promoting Shaanxi's export-oriented economy, and sharing in the development opportunities of the Belt and Road Initiative.
The China-Europe Railway Express portal has officially launched, offering multilingual services and one-stop freight forwarding to enhance international logistics optimization. The website features multiple sections that provide relevant news and statistical data, along with specialized services to improve user experience and support the Belt and Road Initiative.
A backdated insurance policy refers to an agreement where the insurer, at the request of the insured, retroactively sets the policy's inception date to before the shipment of goods, requiring mutual consent. This practice carries a fraud risk by potentially concealing the true date of the insurance contract. Insurers typically demand a guaranty letter to mitigate potential liabilities, ensuring that coverage is limited to risks occurring after the actual policy inception date.
