Exporters Urged to Vet Freight Forwarders to Reduce Trade Risks

Exporters Urged to Vet Freight Forwarders to Reduce Trade Risks

This paper delves into the concept of 'designated forwarder' in international trade, explaining its relationship with trade terms like FOB and EXW. It reveals potential risks and offers coping strategies for exporters. The importance of negotiating trade terms including freight, understanding the designated forwarder's background, and clarifying cost terms are emphasized. The advantages of independently choosing a forwarder are also highlighted. This aims to help exporting companies mitigate risks and gain control in international trade, ultimately empowering them to navigate the complexities of designated forwarder arrangements effectively.

09/26/2025 Logistics Encyclopedia
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Mastering International Trade Practices The Key to Enhancing Crossborder Transaction Efficiency

Mastering International Trade Practices The Key to Enhancing Crossborder Transaction Efficiency

This article explores international trade practices and their importance, focusing on the 1932 Warsaw-Oxford Rules, the 1941 U.S. Foreign Trade Definitions Revision, and the 1990 International Commercial Terms (Incoterms). Understanding these trade terms aids in enhancing the efficiency of cross-border transactions, reducing disputes, and ensuring the smooth execution of contracts.

07/28/2025 Logistics Encyclopedia
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Logistics Industry Terminology Explained

Logistics Industry Terminology Explained

This article provides a detailed analysis of important professional terms in the logistics industry, including procurement personnel, hazardous materials shipping processes, breakbulk cargo, customs inspection, and customs documentation. Through the interpretation of these professional terms, the article aims to help readers better understand the complexity of logistics operations and the specific operational processes involved.

07/17/2025 Logistics Encyclopedia
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How To Properly Fill In The Transaction Method In The Export Customs Declaration?

How To Properly Fill In The Transaction Method In The Export Customs Declaration?

This guide provides detailed instructions on how to correctly fill in the 'Transaction Terms' section of the Export Goods Customs Declaration. It outlines the steps and considerations for various international trade terms such as FOB, C&F, and CIF. This not only helps improve customs efficiency but also reduces transaction risks, making it an essential reference for anyone engaged in international trade.

07/16/2025 Logistics Encyclopedia
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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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China Enforces Stricter Freight Rules to Curb Overloading Risks

China Enforces Stricter Freight Rules to Curb Overloading Risks

This article introduces key terms in freight logistics, such as single release, single drag, double drag, and double back, explaining their definitions and distinctions. It provides a detailed analysis of these terms in light of the new traffic regulations implemented on September 21, helping readers better understand industry terminology. The article focuses on the reasons for the new regulations, particularly the punitive measures for overloading and their profound impact on freight methods.

07/28/2025 Logistics Encyclopedia
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Amazon Suspends Sellers for Policy Violations

Amazon Suspends Sellers for Policy Violations

Amazon is strictly scrutinizing seller messaging and listing content for prohibited words, with violations potentially leading to account suspension and limited appeal options. Sellers must adhere to platform guidelines and avoid using sensitive terms. Compliant operations are crucial. This article provides a detailed list of prohibited words and corresponding strategies to help sellers mitigate risks and ensure successful peak season sales. It emphasizes the importance of understanding and avoiding these terms to maintain a healthy Amazon business.

01/06/2026 Logistics Industry Insights
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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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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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