Guide to Avoiding Costly Errors in International Shipping Documents

Guide to Avoiding Costly Errors in International Shipping Documents

This article provides a detailed interpretation of key filling points for ocean bills of lading, including shipper, consignee, vessel name, loading and unloading ports, marks and numbers, goods description, gross weight and volume, freight payment, place and date of issue, etc. It offers practical guidance with real-world examples to help you avoid common mistakes and ensure the smooth arrival of your goods. This guide aims to assist in accurately completing the bill of lading, a crucial document in international trade.

Freight Shippers Rarely Receive Full Cargo Compensation Study Finds

Freight Shippers Rarely Receive Full Cargo Compensation Study Finds

Full compensation for damaged or lost goods during freight transport is not always legally justified. The law clearly defines the responsibilities, rights, and obligations of shippers, freight forwarders, and carriers. Carrier liability is typically capped, based on weight rather than the value of the goods. All parties should reasonably share risks within the legal framework to maintain the healthy development of the industry and achieve a win-win situation. This approach ensures fairness and promotes sustainable practices in freight transportation.

Guide to Managing Urgent Cargo Delays in Shipping Industry

Guide to Managing Urgent Cargo Delays in Shipping Industry

This article provides a detailed guide for handling the unexpected situation where a customer requests a suspension of shipment and removal of goods from the port area after customs declaration. It covers required documents, operational procedures for different port areas, and important considerations. The aim is to help foreign trade practitioners respond calmly and minimize losses in such circumstances. It addresses scenarios where goods are already declared and within the port, requiring specific steps for both delaying export and retrieving the cargo.

Shanghai Simplifies Customs Clearance for Cargo Efficiency

Shanghai Simplifies Customs Clearance for Cargo Efficiency

This article provides a detailed interpretation of the customs transit and local customs declaration process for sealed goods at Shanghai Port. It emphasizes the specific requirement of customs declaration after the goods have entered the port. The necessary documents and operational details are listed to assist consolidated shipment operators in efficiently completing customs clearance. The guide aims to streamline the process and avoid potential delays by clarifying the unique aspects of Shanghai Port's procedures for sealed cargo undergoing transit and subsequent local declaration.

Global Customs and Rights Holders Strengthen IP Protections

Global Customs and Rights Holders Strengthen IP Protections

The World Customs Organization (WCO) held its 9th Rights Holders Consultation Group Meeting, focusing on the current state of intellectual property infringement and discussing challenges such as IP protection in the e-commerce environment and environmentally sound disposal of infringing goods. The meeting emphasized strengthening cooperation between customs and rights holders, building information exchange platforms, and jointly combating counterfeit goods to maintain fair trade practices and promote global economic prosperity. This collaborative approach aims to effectively address IP infringements and safeguard legitimate trade.

Iran Joins Istanbul Convention to Enhance Trade

Iran Joins Istanbul Convention to Enhance Trade

Iran has officially joined the Istanbul Convention, becoming the 68th contracting party, marking a significant step in its international trade facilitation efforts. The Convention, and its core ATA Carnet system, aims to simplify customs procedures, reduce trade costs, and promote cross-border movement of goods. This accession is of great importance for Iran itself and the development of global trade by streamlining temporary import/export processes and fostering economic cooperation. The ATA Carnet simplifies customs procedures for temporary admission of goods.

Global Customs Crack Down on Fake COVID19 Vaccines Illicit Trade

Global Customs Crack Down on Fake COVID19 Vaccines Illicit Trade

The World Customs Organization launched the "COVID-19-related Goods Cross-Border Transport Facilitation and Coordination Customs Supervision Emergency Project." This initiative combats counterfeit vaccines and related illicit trade while ensuring the smooth flow of legitimate goods. The project strengthens customs cooperation, enhances regulatory capabilities, optimizes customs clearance processes, and collaborates closely with vaccine companies, the transportation industry, and international organizations. This collaborative effort aims to secure the global vaccine supply chain and contribute to the global fight against the pandemic.

Can Innovation Save Purple Postacquisition

Can Innovation Save Purple Postacquisition

American DTC home goods brand Purple Innovation faces losses and potential delisting. Once a disruptor in the mattress market with its innovative technology, Purple's performance declined due to increased competition and decreased market demand. Purple attempted to acquire Intellibed to save itself, but its future remains uncertain. This highlights the need for continuous innovation for DTC brands to thrive in a competitive market. The company's struggles serve as a cautionary tale for direct-to-consumer businesses in the home goods sector.

WCO Workshop Enhances IP Rights Protection in Latin America

WCO Workshop Enhances IP Rights Protection in Latin America

The World Customs Organization (WCO) held an Intellectual Property (IP) seminar in Panama, aiming to enhance the capacity of Latin American customs authorities to combat counterfeit goods. The seminar focused on strategic implementation, regional collaboration, digital transformation, and practical exercises. These efforts are designed to lay the foundation for a new landscape of secure trade. The event emphasized the importance of coordinated actions in protecting intellectual property rights and preventing the trade of illicit goods across borders within the region.