Cross-border customs clearance is a critical part of the import and export process, with over 30% of shipment delays stemming from this stage. Customs clearance involves multiple steps such as declaration, inspection, and tax payment, necessitating attention to compliance and document completeness to mitigate risks and enhance success rates. Mastering customs clearance techniques is essential for success in cross-border trade.
The Cross-border Logistics Export License (EL) is an essential document for companies engaging in international trade. Applying for an EL involves multiple steps, including filling out information, uploading materials, and undergoing a review process. Understanding the core elements of the EL and its application procedure can help newcomers in foreign trade improve efficiency, ensure compliance, and smoothly enter the international market.
In the second quarter of 2023, the U.S. industrial real estate market demonstrated stable resilience with a net absorption of approximately 29.9 million square feet. The demand growth was driven by new logistics products, despite rising vacancy rates and consolidation pressures in some regions. By 2025, new supply is expected to exceed absorption, while absorption is projected to surpass supply by 2027.
X-ray inspection, as a non-intrusive method used by customs, enhances logistics efficiency. During this process, containers are scanned with specialized equipment, and customs assesses the X-ray images to determine whether to release them or conduct further inspections. This typically takes 1-3 days, depending on port congestion. Cargo owners can optimize the customs clearance process through effective preparation and communication.
The Port Maintenance Fee (HMF) is a charge imposed by U.S. Customs on ocean imports, calculated at 0.125% of the declared value of goods. This fee does not apply if goods are routed through Canada to the U.S. Businesses need to fully understand the implications of this fee and plan their shipping strategies effectively to reduce overall costs and enhance competitiveness.
Since its establishment in 2006, the Abu Dhabi Ports Group has actively promoted economic growth in the UAE by managing 11 ports and terminals. The group aligns with the Abu Dhabi Economic Vision 2030, contributing 3.6% to the non-oil GDP. Its efficient port management and application of smart technologies have positioned Abu Dhabi as a significant international logistics hub.
Since its takeover by the New Mocha Port Authority in 2022, New Mocha Port has emerged as a significant cargo hub on India's west coast. The port focuses on handling dry bulk, liquid bulk, and containerized cargo. In the future, efforts will be made to enhance service levels through infrastructure development and digital transformation, aiming to strengthen its global competitiveness.
The Kenya Ports Authority is responsible for the maintenance and operation of all seaports in the country, with Mombasa Port being the primary port offering various core services. Although other ports in Kenya are relatively underdeveloped, they also play a significant role in the national maritime network. Strengthening port facilities and services will contribute to the economic growth of Kenya.
This article introduces the 'Model Contract for Turnkey Equipment Supply for Industrial Plants' launched by the International Chamber of Commerce. It provides a clear structure for equipment procurement, reduces transaction costs, and ensures efficiency and reliability. The contract covers key terms to maximize the interests of both suppliers and buyers, making it an essential tool for modern industrial project management.
This article explores the challenges and opportunities faced by the international freight forwarding industry during its digital transformation. Emerging technologies such as blockchain, artificial intelligence, and the Internet of Things are reshaping traditional freight forwarding models, driving a shift from manual operations to data-driven processes. Additionally, the restructuring of conventional operational models imposes new demands and pressures on businesses.
