Flexport Clarifies Customs Duty Exclusions in Shipping Quotes

Flexport Clarifies Customs Duty Exclusions in Shipping Quotes

Flexport's quotes typically exclude customs duties due to their variability, influenced by numerous factors. Additional costs may arise from inspections, port fees, and other related charges. To effectively manage expenses, it's recommended to accurately estimate duties, allocate a sufficient budget, and ensure compliant declarations. Proactive planning and adherence to regulations are crucial for cost control in cross-border transactions.

11/03/2025 Customs Knowledge
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Canadia Bank Cambodia Simplifies SWIFT Codes for International Transfers

Canadia Bank Cambodia Simplifies SWIFT Codes for International Transfers

This article provides SWIFT code information for Canadia Bank in Cambodia, detailing the primary code CADIKHPPXXX and its usage scenarios. It emphasizes the importance of obtaining the correct branch-specific code for accurate transactions. Furthermore, the article offers safety tips for international money transfers, aiming to help readers conduct secure and efficient cross-border remittances. Using the correct SWIFT code and following security guidelines are crucial for successful and safe international banking transactions, especially when sending money to Cambodia through Canadia Bank.

09/03/2025 International Settlement
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Icelands Kvika Banki Simplifies SWIFT Transfers for Clients

Icelands Kvika Banki Simplifies SWIFT Transfers for Clients

This article provides a detailed overview of Kvika Banki hf's SWIFT code (MPBAISREXXX) in Iceland and its significance in international money transfers. It offers a guide on when to use the code, how to ensure accurate remittance information, and how to receive overseas payments. The importance of remittance security is emphasized, aiming to help users conduct cross-border transactions safely and efficiently. This guide helps navigate the complexities of international banking with Kvika Banki, ensuring smooth and secure financial transactions.

09/03/2025 International Settlement
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US Aims to Streamline Border Regulations for Transparency

US Aims to Streamline Border Regulations for Transparency

This article explores the importance of enhancing the transparency and predictability of customs regulation and its impact on trade facilitation. It proposes effective improvement measures such as information disclosure, regulatory standardization, feedback mechanisms, technology application, and training, aimed at promoting stability in global trade.

08/08/2025 Customs Knowledge
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WCO Guidelines Boost Global Trade and Border Efficiency

WCO Guidelines Boost Global Trade and Border Efficiency

The 2017 WCO Global Transit Conference focused on improving cross-border transportation efficiency, releasing the 'Transit Guidelines' which emphasized the importance of political will, technological application, and international cooperation. The conference explored the development challenges faced by landlocked countries and shared successful experiences such as the EU's NCTS and the TIR Convention. The aim was to build a more efficient, convenient, and secure global transit ecosystem. The guidelines and discussions highlighted the need for harmonized procedures and data exchange to streamline transit operations.

01/05/2026 Customs Knowledge
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Global Trade Adopts Coordinated Border Management for Security

Global Trade Adopts Coordinated Border Management for Security

Coordinated Border Management (CBM) aims to enhance trade efficiency while ensuring security and compliance. It requires inter-agency cooperation, risk management, and political support to address challenges and achieve mutual benefits for all stakeholders. CBM seeks to streamline processes, reduce costs, and improve the overall competitiveness of international trade. Effective implementation necessitates a holistic approach that considers both economic and security imperatives, fostering a collaborative environment between border agencies and trading communities. Ultimately, CBM contributes to sustainable economic growth and enhanced national security.

01/05/2026 Customs Knowledge
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UK Border Force WCO Boost Global Trade Security

UK Border Force WCO Boost Global Trade Security

The World Customs Organization (WCO), in collaboration with UK Border Force (UKBF), is upgrading the WCO Cargo Targeting System (WCO CTS) to enhance risk identification and response capabilities for customs administrations worldwide. This collaboration will leverage combined expertise to create more robust data processing and risk assessment functionalities. The upgraded system will support the WCO SAFE Framework, contributing to a more secure and efficient global trade system. The focus is on improving pre-arrival cargo inspection and bolstering overall trade security through advanced risk assessment techniques.

01/05/2026 Customs Knowledge
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Malaysia Boosts Border Security with Wcobacked Risk System

Malaysia Boosts Border Security with Wcobacked Risk System

The World Customs Organization (WCO) held a risk management workshop in Malaysia to support the Royal Malaysian Customs Department (RMCD) in strengthening its border security. The workshop focused on risk identification, targeting, postal/express consignment risk management, and international cooperation. By combining theory and practice, it aimed to enhance RMCD's risk management capabilities, laying the foundation for building a smart customs administration and safeguarding national security. The workshop provided valuable insights and practical tools for RMCD to improve its risk assessment and mitigation strategies.

01/05/2026 Customs Knowledge
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Peru Boosts Border Efficiency with WCO Trade Partnership

Peru Boosts Border Efficiency with WCO Trade Partnership

The World Customs Organization (WCO) conducted a follow-up mission to Peruvian border agencies to strengthen cooperation and improve border control efficiency. By introducing the Coordinated Border Management (CBM) concept and developing a roadmap, focusing on enhanced information sharing, standardized procedures, risk management, and capacity building, Peru aims to establish an efficient and collaborative border control system. This initiative is expected to facilitate trade, boost economic development, and create new opportunities for growth. The mission highlights the importance of international collaboration in modernizing border operations.

01/05/2026 Customs Knowledge
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Moldova Strengthens Border Controls with New Customs Measures

Moldova Strengthens Border Controls with New Customs Measures

The World Customs Organization (WCO) conducted a risk management workshop for the Customs Service of Moldova. This initiative aimed to enhance their capabilities in combating fraud and improving risk analysis at airports. The workshop contributes to building a more secure border protection system for Moldova, strengthening its ability to identify and mitigate potential threats related to cross-border movements of goods and people. By focusing on risk management principles and best practices, the WCO supports Moldova in safeguarding its national security and facilitating legitimate trade.

01/05/2026 Customs Knowledge
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