Bahamas Adopts WCO Study to Modernize Customs Efficiency

Bahamas Adopts WCO Study to Modernize Customs Efficiency

The World Customs Organization (WCO) assisted Bahamas Customs in conducting its first Time Release Study (TRS) to identify clearance bottlenecks, optimize processes, and improve efficiency. With WCO training and technical support, the Bahamas aims to significantly reduce clearance times, lower trade costs, and meet the requirements of the WTO Trade Facilitation Agreement. This initiative is expected to promote economic growth and enhance the country's international image by streamlining customs procedures and fostering a more efficient trade environment.

02/03/2026 Customs Knowledge
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WCO Backs Cape Verde in Landmark Customs Efficiency Study

WCO Backs Cape Verde in Landmark Customs Efficiency Study

The World Customs Organization (WCO), through the WACAM project, supported the Cape Verde Customs Administration (CVCA) in conducting its first Time Release Study (TRS) to improve clearance efficiency and optimize trade processes. The workshop brought together stakeholders to develop an action plan, assisting Cape Verde in fulfilling the World Trade Organization's Trade Facilitation Agreement, improving the business environment, and promoting economic development. The TRS aims to identify bottlenecks and recommend improvements to streamline customs procedures and reduce release times.

02/03/2026 Customs Knowledge
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Wcos Revised Kyoto Convention Boosts Global Customs Efficiency

Wcos Revised Kyoto Convention Boosts Global Customs Efficiency

The WCO is actively promoting the review of the Revised Kyoto Convention (RKC). The meeting reviewed the revision plan, discussed the direction of advancement, and emphasized cooperation in addressing global trade challenges. The participants expressed their expectation that the RKC will promote trade facilitation. The discussions focused on how the RKC can be further modernized and adapted to the evolving needs of international trade, ensuring its continued relevance and effectiveness in streamlining customs procedures and promoting economic growth worldwide.

02/05/2026 Customs Knowledge
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Export Guide Shipping Drayage and Customs Clearance Explained

Export Guide Shipping Drayage and Customs Clearance Explained

This article provides a comprehensive analysis of the export trade process, covering key aspects such as booking, exchange orders, trucking, and customs declaration. It emphasizes the importance of document accuracy, adherence to deadlines, and the condition of containers. The aim is to help companies efficiently and compliantly complete exports and reduce trade risks. The article highlights operational details and precautions for each stage, offering practical guidance for navigating the complexities of international trade and ensuring a smooth export process.

02/05/2026 Customs Knowledge
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North Macedonia Launches Tradesimplifying Single Window System

North Macedonia Launches Tradesimplifying Single Window System

This paper delves into the digital transformation of trade facilitation, using North Macedonia's Single Window implementation as a case study. It highlights North Macedonia's EXIM system, analyzing its key functionalities and data standardization measures. The study also discusses the challenges faced in Single Window development and its future trends. Furthermore, it provides relevant insights for Chinese enterprises engaged in international trade. The paper emphasizes the importance of data standardization and streamlined processes for efficient trade operations.

02/06/2026 Customs Knowledge
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Shipping Industry Grapples With Terminal Handling Charges

Shipping Industry Grapples With Terminal Handling Charges

This article provides an in-depth analysis of the Terminal Handling Charge (THC) in international shipping. It details the core definition, cost components, varying charges across different ports, and factors influencing rate fluctuations. Furthermore, based on Incoterms®, it clarifies the responsibility for THC under different trade terms. The aim is to help cargo owners better understand and control shipping costs, and avoid trade disputes. It offers a comprehensive overview of THC and its implications for international trade.

01/15/2026 Logistics Encyclopedia
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Dubai Customs Adopts Tech to Fight Counterfeiting

Dubai Customs Adopts Tech to Fight Counterfeiting

Dubai Customs leverages technology to build an intelligent risk control system, emphasizing talent development and international cooperation to vigorously combat counterfeit goods and protect intellectual property. Their efficient and convenient customs clearance services enhance trade facilitation, contributing to the construction of a fair and just international trade environment. By focusing on innovation and collaboration, Dubai Customs sets a strong example for other customs agencies worldwide in protecting intellectual property rights and fostering a secure and reliable global trade ecosystem.

01/30/2026 Customs Knowledge
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Angolas Banco De Fomento SWIFT Code Simplifies Global Transfers

Angolas Banco De Fomento SWIFT Code Simplifies Global Transfers

This article provides a detailed analysis of Banco Fomento Angola (BFA)'s SWIFT/BIC code, BFMXAOLUXXX, explaining its usage scenarios and the importance of branch codes, along with methods for looking them up. It emphasizes the crucial role of SWIFT codes in cross-border money transfers and highlights other important considerations. The aim is to help readers complete international remittances efficiently and securely. It covers how to find the correct SWIFT code and what to watch out for when sending money internationally through BFA.

09/04/2025 International Settlement
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Bank of Queenslands SWIFT Code Guide for Secure Transfers

Bank of Queenslands SWIFT Code Guide for Secure Transfers

This article provides an in-depth analysis of BANK OF QUEENSLAND LTD.'s SWIFT/BIC code, QBANAU4BXXX. It details its structure, usage scenarios, and methods for finding it, as well as the risks associated with using incorrect codes. Practical advice is offered on how to avoid SWIFT/BIC code errors, aiming to assist readers in making secure and efficient cross-border remittances. The article emphasizes the importance of accurate code usage to prevent delays or misdirection of funds during international transactions involving Bank of Queensland.

09/03/2025 International Settlement
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Guide to Denizbanks SWIFTBIC Code for International Transfers

Guide to Denizbanks SWIFTBIC Code for International Transfers

This article provides an in-depth analysis of Denizbank A.Ş.'s SWIFT/BIC code, DENITRISXXX, detailing its structure, usage scenarios, and important considerations. The aim is to assist users in making secure and efficient international money transfers, avoiding delays, returns, and extra fees caused by incorrect codes. It explains how to correctly use the code when sending or receiving funds via Denizbank, ensuring a smooth and cost-effective international transaction process. Understanding the nuances of the SWIFT code is crucial for successful international banking operations.

09/03/2025 International Settlement
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