Risks of Collect on Delivery in Global Shipping Country Guide

Risks of Collect on Delivery in Global Shipping Country Guide

International Collect on Delivery (COD) service is not universally available and carries inherent risks. This report delves into the country-specific limitations and key risks associated with international COD shipments, including recipient refusal, cost discrepancies, and customs clearance issues. It offers recommendations for mitigating these risks, aiming to provide foreign trade practitioners with a practical risk management guide. Understanding these limitations and risks is crucial for businesses relying on COD for international transactions to avoid potential financial losses and logistical complications.

02/03/2026 Logistics Encyclopedia
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US Adopts WCO Data Model to Simplify Global Trade

US Adopts WCO Data Model to Simplify Global Trade

The United States is accelerating the development of its national Single Window, the ITDS, to simplify import and export processes and improve efficiency. The US also encourages the global adoption of the WCO Data Model to facilitate international trade data exchange. This initiative aims to streamline procedures, reduce costs, and enhance transparency in cross-border transactions. By promoting standardized data exchange, the US seeks to foster greater collaboration and interoperability among trading partners worldwide, ultimately boosting international trade and economic growth.

02/02/2026 Customs Knowledge
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Guide to EXW Trade Terms in Global Shipping

Guide to EXW Trade Terms in Global Shipping

This article provides an in-depth analysis of the EXW (Ex Works) Incoterm, detailing its meaning, the responsibilities and risks for both buyers and sellers, and relevant regulations regarding export tax rebates. By comparing EXW with other Incoterms, this aims to empower readers to make more informed decisions in international trade transactions. It covers the obligations of each party under EXW and highlights the potential benefits and drawbacks for both the exporter and importer, ultimately guiding businesses towards optimal trade strategies.

02/02/2026 Customs Knowledge
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WTO Moves to Standardize Global Customs Valuation Rules

WTO Moves to Standardize Global Customs Valuation Rules

The 1983 Customs Valuation Committee Decision clarified that the English term "undertaken" in the Customs Valuation Agreement should be interpreted as "carried out." This aims to standardize international trade terminology, enhance the accuracy and consistency of customs valuation, reduce the risk of trade disputes, and facilitate international trade. The French and Spanish versions of the term remain unchanged. This clarification ensures a more uniform application of the agreement across different language versions, promoting fairness and predictability in international trade transactions.

02/02/2026 Customs Knowledge
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Forward Air Moves to End Omni Logistics Merger Amid Dispute

Forward Air Moves to End Omni Logistics Merger Amid Dispute

The merger between Forward Air and Omni Logistics has stalled, with Forward Air filing a counterclaim seeking to terminate the agreement, escalating the conflict. Financial pressures and Omni's compliance issues may be reasons for Forward Air's reconsideration. The failure of the merger will impact both companies and the logistics industry, serving as a warning for companies to carefully assess merger risks. The dispute highlights the importance of due diligence and risk management in M&A transactions within the competitive logistics sector.

02/04/2026 Logistics
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Guide to Mastering Dollareuro Exchange Rates

Guide to Mastering Dollareuro Exchange Rates

This article provides an in-depth analysis of the USD to EUR exchange rate conversion, offering a practical guide to using helpful tools and analyzing exchange rate trends to help you seize the best conversion opportunities. It also reminds you to pay attention to hidden fees such as transaction costs, helping you become a savvy cross-border consumer and avoid unnecessary losses. The guide aims to empower users with the knowledge to make informed decisions regarding currency exchange and international transactions.

02/03/2026 Exchange Rate Query
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Understanding DDU and DDP in US Trade Logistics

Understanding DDU and DDP in US Trade Logistics

This article explains the commonly used Incoterms DDU (Delivered Duty Unpaid) and DDP (Delivered Duty Paid) in ocean freight within international trade, specifically focusing on their implications in the United States. It details the responsibilities of both the buyer and seller under each term, as well as the factors to consider when choosing between them. The aim is to provide a clear understanding of the differences between DDU and DDP, enabling readers to make more informed decisions in international trade transactions.

02/05/2026 Logistics Encyclopedia
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Bipartisan Infrastructure Bank Plan Stalls in Congress

Bipartisan Infrastructure Bank Plan Stalls in Congress

U.S. Transportation Secretary Ray LaHood strongly advocated for the establishment of a National Infrastructure Bank to address the estimated $1.5 trillion infrastructure gap. However, the plan faced strong opposition in the Republican-controlled House of Representatives, with House Transportation Committee Chairman Mica declaring it “dead on arrival.” Despite support from the Senate and some industry organizations, bipartisan divisions over its necessity and feasibility cast uncertainty on the future of the infrastructure bank. Its fate remains unclear due to these political disagreements.

01/30/2026 Logistics Industry Insights
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New DDU Shipping Model Boosts Global Trade Efficiency

New DDU Shipping Model Boosts Global Trade Efficiency

The core of the DDU trade model lies in the seller bearing the transportation costs and risks until the goods are delivered to the buyer's designated location. The buyer is responsible for customs clearance and taxes. Compared to DDP, DDU simplifies the transportation process for the buyer, enhances the seller's competitiveness, and provides flexible options. Mastering the DDU operation process can effectively improve customer satisfaction and win more orders. It offers a balance of responsibility, making it an attractive option for certain international transactions.

08/23/2025 Logistics Encyclopedia
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Guide to Banco De Occidentes SWIFTBIC Code for International Transfers

Guide to Banco De Occidentes SWIFTBIC Code for International Transfers

This article provides an in-depth analysis of Banco de Occidente's SWIFT/BIC code, OCCICOBCBO2, detailing its structure, usage, and potential risks. It also offers a practical guide to cross-border transfers, aiming to assist readers in completing international transactions accurately and securely. The guide emphasizes the importance of using the correct SWIFT code to avoid delays or financial losses associated with errors during the transfer process. It serves as a helpful resource for anyone needing to send or receive money internationally through Banco de Occidente.

09/04/2025 International Settlement
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