Understanding Delivery Terms in International Trade — Incoterms®

Understanding Delivery Terms in International Trade — Incoterms®

Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.

07/21/2025 Logistics Encyclopedia
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Macau Airport Expands As Key Hub for Pearl River Delta

Macau Airport Expands As Key Hub for Pearl River Delta

Macau International Airport (MFM) is a crucial hub connecting the Pearl River Delta to the world. Built on reclaimed land, it leverages its strategic location to become a significant air cargo and express delivery center in the Asia-Pacific region. With efficient operations, excellent service, and continuous development potential, the airport is striving to become a world-class aviation hub, injecting strong momentum into the economic development of Macau and its surrounding areas. It serves as a vital gateway for both passenger and freight traffic.

09/26/2025 Airport Codes
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Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

Asiapacific Strengthens Trade Oversight with Customs and Pricing Reforms

The World Customs Organization, in collaboration with the OECD and the World Bank Group, held an Asia-Pacific seminar focusing on the nexus between customs valuation and transfer pricing. The conference emphasized the need for enhanced information sharing and collaborative supervision between tax and customs authorities to address challenges posed by related-party transactions. This aims to improve cross-border trade compliance, enhance tax collection efficiency, and build a more efficient cross-border trade regulatory system. The discussions highlighted practical approaches and best practices for effective collaboration.

12/30/2025 Customs Knowledge
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Greenland Opens Ammassalik Heliport As Eastern Gateway

Greenland Opens Ammassalik Heliport As Eastern Gateway

Ammassalik Heliport, located in eastern Greenland, serves as a crucial air link connecting the region to the outside world. It provides passenger and cargo services, with Greenland Aviation operating the primary routes. The infrastructure is relatively simple, but essential for local transportation. Future development faces challenges including climate change, funding limitations, and environmental protection. The heliport provides tourists with opportunities to explore eastern Greenland's natural landscapes and Inuit culture. It is a vital point for accessing this remote and beautiful part of the world.

12/30/2025 Airport Codes
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Streamlined Airline Receivables Boost Industry Profits IATA Report

Streamlined Airline Receivables Boost Industry Profits IATA Report

IATA E&F offers comprehensive outsourcing services designed to streamline aviation accounts receivable management, improve billing accuracy, enhance financial controls, and contribute to sustainable profitability. Through efficient data management tools, expert billing specialists, and experienced debt collection teams, IATA E&F helps companies reduce risk, improve collection rates, and achieve reliable forecasting of their financial situation. It provides a robust solution for managing complex aviation receivables and optimizing cash flow.

12/30/2025 International Settlement
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