New Customs Rules Affect Licensing Fees Royalties

New Customs Rules Affect Licensing Fees Royalties

The World Customs Organization (WCO) has released new Advisory Opinion 4.19 on customs valuation, addressing the complex valuation issues related to royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement. This opinion clarifies the valuation principles for single royalties encompassing both patents and trademarks. It assists businesses in accurately calculating import costs, reducing valuation disputes, and promoting the healthy development of international trade. This guidance aims to provide clarity and consistency in the application of customs valuation rules related to intellectual property rights.

01/26/2026 Customs Knowledge
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Global Air Freight Policies Cancellation and Amendment Rules Explained

Global Air Freight Policies Cancellation and Amendment Rules Explained

This article provides an in-depth analysis of international air freight cancellation and modification policies, differentiating between voluntary and involuntary changes. It details the logic behind calculating cancellation fees and offers practical considerations. The aim is to help cargo owners understand the rules, reduce transportation risks, and protect their rights. It covers key aspects of the refund process and clarifies the conditions under which refunds are applicable, empowering shippers to navigate potential issues effectively and minimize financial losses related to changes in their air freight shipments.

01/26/2026 Logistics Encyclopedia
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Registered Vs Unregistered Mail Costs and Risks for Small Packages

Registered Vs Unregistered Mail Costs and Risks for Small Packages

The apparent difference between registered and unregistered international small packets lies in tracking. However, fundamental distinctions exist in responsibility, compensation, customs clearance, and applicable scenarios. This article provides an in-depth analysis of these differences, revealing cost components and service premiums. It also offers scenario-specific recommendations to help you weigh risks and costs, make informed decisions, and safeguard your rights. Understanding these nuances is crucial for selecting the optimal shipping method and ensuring a smooth and secure delivery process for your international parcels.

01/26/2026 Logistics Encyclopedia
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Supply Chains Boost Resilience with Strategic Cargo Insurance

Supply Chains Boost Resilience with Strategic Cargo Insurance

The complexity and risks faced by supply chains have significantly increased. Cargo insurance is not only used for asset protection but is also crucial for maintaining a company's competitiveness. Flexible insurance strategies help businesses manage various risks, enhancing the resilience and security of the supply chain.

08/06/2025 Logistics
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SF Express And China Southern Airlines Integrate Logistics Systems To Launch A New Chapter In Air Cargo Digitalization

SF Express And China Southern Airlines Integrate Logistics Systems To Launch A New Chapter In Air Cargo Digitalization

SF Express has achieved deep integration with China Southern Airlines' logistics system, driving the digital transformation of air cargo. The new system facilitates information sharing and full-process integration, enhancing flow efficiency, optimizing delivery processes, supporting environmental protection, and showcasing a leading role in the industry.

07/23/2025 Logistics
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Taipei to Changchun LCL Freight Guide Streamlines Crossstrait Shipping

Taipei to Changchun LCL Freight Guide Streamlines Crossstrait Shipping

This article provides an in-depth analysis of LCL (Less than Container Load) ocean freight transportation from Taipei to Changchun, taking Willy International Enterprise Co., Ltd. as an example. It details the challenges and opportunities of cross-strait logistics, the operational process of ocean freight LCL, and key factors in choosing a logistics company. The article also shares practical case studies and frequently asked questions, aiming to help Taiwanese businesses better understand cross-strait logistics, reduce transportation costs, and improve transportation efficiency.

08/21/2025 Port Encyclopedia
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Global Trade Risks Rise Without Original Bills of Lading

Global Trade Risks Rise Without Original Bills of Lading

This article delves into the definition, high-risk regions, preventive measures, and response strategies related to 'Delivery without Original Bill of Lading' in international trade. It aims to help foreign trade enterprises mitigate risks, protect their rights, and avoid the predicament of losing both goods and payment. The importance of selecting appropriate trade terms, carefully choosing freight forwarders, strictly adhering to operational procedures, and purchasing export credit insurance is emphasized. Furthermore, it provides effective methods for dealing with 'Delivery without Original Bill of Lading' incidents after they occur.

08/22/2025 Logistics Encyclopedia
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Key Shipping Terms Like Laycan Help Mitigate Industry Risks

Key Shipping Terms Like Laycan Help Mitigate Industry Risks

LAY/CAN is a crucial clause in a charter party, defining the period within which a vessel must arrive at the loading port. Understanding its meaning and function helps charterers protect their rights and shipowners fulfill their obligations, thereby regulating the shipping market and mitigating potential risks. This article provides an in-depth analysis of LAY/CAN and compares it with Shipment Date and Late Come, aiming to enhance your knowledge of shipping practices. It is essential for navigating the complexities of charter agreements and minimizing disputes related to vessel arrival and cargo loading timelines.

09/26/2025 Logistics Encyclopedia
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