How To Fill Out The Transaction Method Column On The Export Customs Declaration

How To Fill Out The Transaction Method Column On The Export Customs Declaration

This article discusses how to fill out the transaction terms section of the export customs declaration form. According to international trade terms, the transaction methods include FOB, C&F, and CIF, specifying the requirements for reporting freight and insurance under different conditions. Accurately completing this information is crucial for smooth customs clearance. The article further explains the English expressions of related international terms to help readers deepen their understanding.

07/16/2025 Logistics Encyclopedia
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Global Trade Relies on Cargo Insurance as Risks Grow

Global Trade Relies on Cargo Insurance as Risks Grow

This article discusses the main forms of insurance documents in international freight, including insurance policies, insurance certificates, and combined certificates, along with their specific contents and functions. Insurance serves as a crucial tool for safeguarding the economic interests of both buyers and sellers in international trade, especially under CIF terms, where the seller is responsible for insuring the goods. Understanding these documents enhances the security and efficiency of trade.

07/28/2025 Document Interpretation
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Guide to Incoterms Simplifies Global Trade Rules

Guide to Incoterms Simplifies Global Trade Rules

This article systematically reviews common Incoterms in international trade, such as EXW, FOB, CIF, and DDP, explaining their core functions, division of responsibilities, and risk transfer. It also analyzes specific trade scenarios. The importance of choosing appropriate Incoterms and the key aspects of risk control are emphasized, aiming to help foreign trade practitioners better understand and apply international trade terms. Understanding these terms is crucial for successful international transactions and mitigating potential liabilities.

08/22/2025 Logistics Encyclopedia
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Global Freight Shipping Trends A Logistics Guide

Global Freight Shipping Trends A Logistics Guide

This article provides a detailed analysis of the logistics freight operation process, covering aspects from inquiry and booking to cargo consolidation and bill of lading issuance. It also encompasses common trade terms like CIF and CNF in export business. By mastering these processes, companies can effectively control transportation costs, improve logistics efficiency, and enhance their global trade competitiveness. Understanding these procedures is crucial for optimizing supply chain management and ensuring smooth international transactions.

09/26/2025 Logistics Encyclopedia
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Taiwanchina Sea Freight Costs Key Trends and Savings Tips

Taiwanchina Sea Freight Costs Key Trends and Savings Tips

This article delves into the factors influencing sea freight quotes from Taiwan to Mainland China. It explains the differences and applicable scenarios of common Incoterms such as FOT, FOB, DDP, and CIF. Practical advice on obtaining reliable quotes is provided, aiming to help businesses optimize logistics costs and improve trade efficiency. The analysis helps businesses understand the complexities of cross-strait shipping costs and make informed decisions to minimize expenses and streamline their supply chain.

01/26/2026 Logistics
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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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Beginners Guide to Understanding Incoterms in Global Trade

Beginners Guide to Understanding Incoterms in Global Trade

This article provides a clear and concise explanation of the 13 common Incoterms (EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP) used in international trade. It details the responsibilities of both buyer and seller under each term, clarifies the point of risk transfer, and specifies the applicable modes of transport. The aim is to help foreign trade practitioners better understand and utilize these terms to effectively manage and mitigate trade risks.

08/22/2025 Logistics Encyclopedia
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Global Shipping Taxes Who Bears the Cost

Global Shipping Taxes Who Bears the Cost

Who bears the cost of international express taxes and duties? By default, it's the recipient. Under DDP (Delivered Duty Paid) terms, the sender can bear the responsibility. Contracts can stipulate cost-sharing or third-party payment. Pay attention to trade terms, compliance risks, and cost accounting to ensure smooth cross-border trade. Understanding Incoterms like DDP, CIF, and FOB is crucial for determining liability. Accurate cost estimation and adherence to regulations are essential for avoiding unexpected charges and delays.

01/29/2026 Customs Knowledge
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Uninsured Cargo Risks Rise Amid US Maritime Shipping Boom

Uninsured Cargo Risks Rise Amid US Maritime Shipping Boom

Ninety percent of ocean-shipped goods to the US are uninsured, highlighting a weak risk awareness in the industry. Misunderstandings of CIF/FOB terms, wishful thinking, and cost considerations are major contributing factors. The rise of ultra-large container ships exacerbates risk concentration, and industry volatility adds further uncertainty. Companies should prioritize risk management, dispel myths surrounding marine insurance, and choose appropriate insurance plans to safeguard their cargo. Proactive risk mitigation is crucial in today's volatile global shipping environment.

01/29/2026 Logistics Industry Insights
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Global Trade Guide Shipping Costs Taxes and Incoterms Explained

Global Trade Guide Shipping Costs Taxes and Incoterms Explained

This article provides a clear and accessible explanation of English expressions for ocean freight and tax rates in international trade. It also clarifies the differences and considerations for choosing between the commonly used trade terms FOB and CIF. Through concise explanations and practical advice, this aims to help readers grasp core concepts of international trade, enabling them to engage in international trade activities more effectively. It focuses on understanding the nuances of these terms for successful international transactions.

01/30/2026 Customs Knowledge
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