Cargo Insurance Vital for Business Risk Management

Cargo Insurance Vital for Business Risk Management

This paper analyzes why businesses should consider cargo insurance even with existing commercial insurance. By comparing the limitations of commercial insurance with the unique advantages of cargo insurance, it highlights the importance of cargo insurance in customized risk coverage, streamlined claims processes, and enhanced risk control capabilities. The article emphasizes the importance of data-driven decision-making and uses case studies to demonstrate the value of cargo insurance as a key component of enterprise risk management. It argues that cargo insurance provides targeted protection against specific supply chain risks not adequately addressed by general commercial policies.

01/20/2026 Logistics Encyclopedia
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Oversized Cargo Transport Faces Cost Risk Challenges

Oversized Cargo Transport Faces Cost Risk Challenges

This paper provides an in-depth analysis of oversized cargo transportation, covering key aspects such as preliminary assessment, solution design, cost control, timeliness estimation, and risk management. Through case studies and industry trend forecasts, it aims to offer readers a comprehensive and insightful overview of the industry, helping companies address the challenges of oversized cargo transportation. The study emphasizes practical strategies and best practices for efficient and safe execution of such complex logistical operations.

02/02/2026 Logistics Encyclopedia
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Supply Chain Delays Risk Holiday Retail Shortages

Supply Chain Delays Risk Holiday Retail Shortages

Global supply chain pressures persist, potentially leading to a container shortage during the year-end shopping season. Worsening port congestion forces retailers to prepare in advance, yet the 'congestion' remains a significant hurdle. Companies need to plan ahead, diversify transportation methods, optimize inventory, strengthen supply chain collaboration, and embrace digital transformation to effectively address these challenges. The current situation presents significant logistics challenges and requires proactive measures to mitigate potential disruptions and ensure timely delivery of goods.

01/19/2026 Logistics
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Inside Mercaris Profit Strategies and Risk Management

Inside Mercaris Profit Strategies and Risk Management

This article delves into six major monetization strategies on Mercari US, a secondhand marketplace. These include standard product operations, shadow brand strategies, store matrix deployment, localized warehousing, scarcity resource premium, and service-based monetization. Each model's advantages, disadvantages, applicable businesses, and precautions are analyzed in detail. The aim is to help sellers accurately position themselves, avoid risks, and efficiently generate profits on the platform. This comprehensive guide provides valuable insights for maximizing revenue on Mercari.

01/27/2026 Logistics Industry Insights
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Typhoon Season Guide Risk Mitigation for Exporters

Typhoon Season Guide Risk Mitigation for Exporters

This paper provides a comprehensive solution for mitigating foreign trade shipment risks during typhoon season. It emphasizes risk reduction through route planning, packaging reinforcement, insurance configuration, and logistics monitoring. The paper details the process of evidence preservation after cargo damage, determination of liability, insurance claims, and dispute resolution. This aims to help foreign trade enterprises achieve safe shipments and efficient compensation. By focusing on proactive measures and a clear understanding of the claims process, businesses can minimize losses and ensure smoother operations during this high-risk period.

01/27/2026 Logistics Encyclopedia
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WCO Aids Bosnias Tax Authority in Risk Management Boost

WCO Aids Bosnias Tax Authority in Risk Management Boost

Funded by the WCO's Eurocustoms Fund, a risk management workshop was held for the Indirect Taxation Authority of Bosnia and Herzegovina (ITA BiH) to enhance its risk management capabilities. The workshop covered risk assessment, analysis, and response strategies, sharing international best practices. This initiative aims to lay the foundation for a robust risk management system within ITA BiH, ultimately improving tax collection efficiency and combating illicit activities. The training will help the ITA BiH better identify and mitigate potential threats, leading to more effective and secure customs operations.

02/03/2026 Customs Knowledge
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Importers Bear Customs Inspection Fees Rules Clarified

Importers Bear Customs Inspection Fees Rules Clarified

Flexport clearly states that customs inspection fees are borne by the importer, including inspection fees, service fees, transportation fees, and storage fees. LCL shipments are allocated proportionally. It is recommended to ensure compliant declarations, choose a reliable freight forwarder, purchase insurance, and pay attention to customs policies to reduce the risk of inspection and economic losses. Being proactive in these areas can help importers navigate the complexities of customs procedures and minimize unexpected costs associated with inspections.

11/03/2025 Customs Knowledge
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Madagascar Customs Boosts Valuation Skills Via WCO Support

Madagascar Customs Boosts Valuation Skills Via WCO Support

The World Customs Organization (WCO) conducted an online workshop to enhance Madagascar Customs' valuation capabilities, covering valuation principles, Incoterms, the transaction value method, used vehicle valuation, and combating under-invoicing. Madagascar Customs officials actively participated, significantly improving their valuation skills. WCO experts commended their efforts and recommended strengthening valuation database development, enhancing risk management, fostering international cooperation, and continuing capacity building initiatives. This initiative aims to improve revenue collection and ensure fair trade practices in Madagascar.

01/05/2026 Customs Knowledge
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IRU Training Enhances Customs Efficiency and Trade Security

IRU Training Enhances Customs Efficiency and Trade Security

IRU's TIR-EPD training enhances customs efficiency and trade security. This program focuses on leveraging the Electronic Pre-Declaration (EPD) system to facilitate trade and improve risk management. By equipping customs officials with the necessary skills and knowledge to utilize EPD effectively, the training contributes to faster border crossings, reduced delays, and a more secure supply chain. Ultimately, the TIR-EPD training promotes seamless international road transport and strengthens global trade relationships through improved customs procedures.

01/05/2026 Customs Knowledge
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Cuba Strengthens Trade Facilitation in WTO Compliance Push

Cuba Strengthens Trade Facilitation in WTO Compliance Push

Cuban Customs is actively embracing the WTO Trade Facilitation Agreement. It has significantly improved customs clearance efficiency through various measures, including risk management, information technology application, cooperation and mutual benefit, and personnel training, earning high praise from the business community. Their experience demonstrates that proactive planning and action are key to achieving trade facilitation, providing valuable lessons for other customs departments. This proactive approach highlights the benefits of early adoption and strategic implementation of trade facilitation measures.

12/30/2025 Customs Knowledge
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