Mongolias Customs Reforms Enhance Trade Efficiency

Mongolias Customs Reforms Enhance Trade Efficiency

Mongolian Customs has significantly improved its risk management capabilities under the World Customs Organization (WCO)'s 'Light Touch Intervention' (LTI) project. Through capacity building, strategic upgrades, and standardization, risk management efficiency has increased by 30%, and the physical inspection rate of goods has decreased by 20%. This advancement lays the foundation for a more competitive trade environment in Mongolia, streamlining processes and reducing unnecessary delays for legitimate trade while focusing resources on high-risk areas.

01/05/2026 Customs Knowledge
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Mastering Incoterms Cuts Hidden Costs in Global Shipping

Mastering Incoterms Cuts Hidden Costs in Global Shipping

This article delves into the underlying rules, practical cases, and risk avoidance strategies for five commonly used Incoterms (EXW, FOB, CIF, DAP, DDP) in door-to-door sea freight. It emphasizes the crucial impact of Incoterms selection on cost control, customer experience, and risk management. By providing a "golden formula," it guides readers to choose the optimal terms based on customer type, hidden costs, and risk boundaries, ultimately achieving profitability through rule-based decision-making.

02/02/2026 Logistics Encyclopedia
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Shipping Companies Face FMC Investigation Over Risk of Penalties for Urging Return of Empty Containers or Refusing Export Services

Shipping Companies Face FMC Investigation Over Risk of Penalties for Urging Return of Empty Containers or Refusing Export Services

Due to labor shortages caused by the pandemic, ports in Southern California are severely congested. Shipping companies are eager to send empty containers back to Asia, potentially neglecting services for U.S. exporters. If the charges against the carriers are confirmed, the Federal Maritime Commission will impose fines, emphasizing the responsibility of the shipping industry to comply with laws and regulations.

07/23/2025 Logistics
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Guide to SWIFT Codes for Cayman National Bank

Guide to SWIFT Codes for Cayman National Bank

This article provides a detailed explanation of the SWIFT code CNATKYKYXXX for Cayman National Bank. It emphasizes the importance of verifying the SWIFT code and account information before initiating international money transfers. The article also provides essential information for receiving international remittances into a Cayman National Bank account. Accurate knowledge of the SWIFT code is crucial for ensuring the smooth processing of cross-border payments. Verifying the code helps prevent delays and ensures the funds are correctly routed to the intended recipient.

09/03/2025 International Settlement
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Eurobank Cyprus Simplifies SWIFT Codes for International Transfers

Eurobank Cyprus Simplifies SWIFT Codes for International Transfers

This article provides a detailed explanation of Eurobank Cyprus' SWIFT code, ERBKCY2NXXX, used in Cyprus. It clarifies its application scenarios and emphasizes the importance of verifying information before making cross-border transfers. This guidance helps readers avoid transfer errors and ensures funds reach the recipient's account securely and quickly. Furthermore, it provides essential information required when receiving international transfers, enabling a smooth and efficient process. Verifying details like the SWIFT code and account number is crucial for successful international transactions.

09/02/2025 International Settlement
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Amazons Seller Health Program Sparks Debate Over Fairness

Amazons Seller Health Program Sparks Debate Over Fairness

Amazon's "Account Health Assurance (AHA) Program" aims to provide better protection for high-quality sellers, reduce misjudgment risks, improve communication efficiency, and ensure fund security. However, this program is not a "get-out-of-jail-free card"; compliant operation remains the foundation for seller survival. Sellers should actively strive to qualify for the program, closely monitor their account health, and maintain good communication with Amazon. The AHA program offers benefits but doesn't replace the need for following Amazon's policies and guidelines.

01/04/2026 Logistics Industry Insights
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Ebay Sellers Face IP Risks How to Avoid Infringement Penalties

Ebay Sellers Face IP Risks How to Avoid Infringement Penalties

This article delves into eBay's infringement penalty policies, detailing measures like account freezing, restrictions, suspensions, and bans. It summarizes three common infringement types: image, trademark, and design infringement. Furthermore, it provides practical strategies for sellers, including self-checking, appealing, and preventing infringement, aiming to help them mitigate risks and operate in compliance. The goal is to guide cross-border e-commerce sellers on eBay to understand and avoid intellectual property violations to maintain healthy account status and sustainable business growth.

01/04/2026 Customs Knowledge
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Douyin Shops Adopt Multiaccount Strategies for Growth

Douyin Shops Adopt Multiaccount Strategies for Growth

This article provides an in-depth analysis of the multi-account binding rules for TikTok Shop, detailing the differences in the number of accounts that can be bound based on different store types and the operational procedures. It also offers alternative solutions such as the TikTok Affiliate Program. The article emphasizes data-driven strategies and compliant operations to help merchants effectively manage a multi-account matrix and boost store sales. This allows for broader reach and increased visibility within the TikTok ecosystem.

01/06/2026 Logistics Encyclopedia
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