Peru Boosts Customs Oversight with Global Partnerships

Peru Boosts Customs Oversight with Global Partnerships

Peru Customs, with support from the SECO-WCO Global Trade Facilitation Programme, held a virtual forum focusing on optimizing customs valuation risk management. Participating countries shared experiences and discussed database construction, value verification processes, and private sector engagement. Based on this, Peru Customs developed an action plan to strengthen value verification and deepen cooperation with the private sector. The World Customs Organization will continue to provide support to enhance transparency and predictability in cross-border trade.

02/05/2026 Customs Knowledge
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Azerbaijan Customs Launches AI Tool to Streamline Trade

Azerbaijan Customs Launches AI Tool to Streamline Trade

Azerbaijan Customs has independently developed the AI-HS tool, which significantly improves the efficiency and accuracy of customs operations. This is achieved through high-precision HS code prediction, multilingual support, ChatGPT integration, tariff rate calculation, and risk management integration. The tool contributes positively to trade facilitation and regulatory compliance. Its success is being emulated by other countries, with potential for global application. It leverages data-driven insights to streamline processes and enhance decision-making within customs procedures.

02/05/2026 HS Code Query
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Lithuania Launches Battery Shipping Line for Renewable Energy

Lithuania Launches Battery Shipping Line for Renewable Energy

Lithuanian battery sea freight specializes in providing safe and efficient global battery transportation services, leveraging the expertise and modern fleet of the Lithuanian national shipping company. Services encompass battery import/export, cross-border transportation, and customized solutions, alongside risk management. Emphasizing safety and compliance, the service supports new energy companies in expanding their global market reach. It ensures secure and compliant handling of batteries throughout the shipping process, facilitating international trade for the burgeoning new energy sector.

02/05/2026 Logistics
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Guide to Protecting Shipments Amid Lost Bills of Lading

Guide to Protecting Shipments Amid Lost Bills of Lading

Loss of ocean bill of lading is a common issue in foreign trade. This article provides a practical SOP, including steps like stopping payment, publishing a loss notice, delivering goods under guarantee, and applying for a replacement bill of lading. It aims to help foreign trade practitioners effectively manage the risk of losing a bill of lading, minimize losses, and emphasizes the importance of preventive measures, such as strengthening document management and adopting electronic bills of lading.

02/05/2026 Document Interpretation
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Global Trade Risks Eased by Marine Insurance Coverage

Global Trade Risks Eased by Marine Insurance Coverage

Marine insurance is a vital risk management tool in international trade, effectively addressing natural disasters, accidents, and human-caused risks during sea transport. By providing financial compensation, stabilizing operating costs, and enhancing corporate reputation, marine insurance safeguards businesses' global trading activities. It offers economic protection against cargo loss or damage, ensuring business continuity and mitigating potential financial losses from unforeseen events. It is an essential guarantee for the sound development of enterprises involved in international trade.

02/06/2026 Logistics Encyclopedia
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Air Cargo Industry Adopts Magnetic Inspection for Safety Cost Efficiency

Air Cargo Industry Adopts Magnetic Inspection for Safety Cost Efficiency

Magnetic inspection of international air cargo is crucial to eliminate magnetic field interference that could impact flight safety and equipment. This paper delves into the necessity, standardized procedures, technical specifications, risk mitigation, and cost optimization strategies of magnetic inspection. Through case studies, it provides a comprehensive guide for businesses on air cargo magnetic inspection, ensuring compliance and minimizing potential hazards. The aim is to promote safer air transportation practices and prevent disruptions caused by magnetic anomalies in transported goods.

02/06/2026 Logistics Encyclopedia
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Understanding CIF Key to International Trade Costs

Understanding CIF Key to International Trade Costs

This article provides an in-depth analysis of the CIF trade term, clarifying its meaning, the responsibilities of both buyer and seller, the allocation of insurance liability, advantages, disadvantages, and application scenarios. By comparing CIF with other trade terms such as FOB, CFR, and DDP, it helps readers comprehensively understand CIF. This understanding enables better risk control and cost reduction in international trade. It emphasizes the importance of understanding CIF terms for effective international trade practices.

02/06/2026 Customs Knowledge
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Guide to Mitigating Risks in Global Air Freight

Guide to Mitigating Risks in Global Air Freight

This paper delves into various risks in international air freight logistics, covering cargo security, compliant customs clearance, delivery delays, cost overruns, insurance liabilities, and unexpected events. It proposes specific prevention and control measures for each stage, aiming to help companies establish a comprehensive risk management system, reduce operating costs, improve service quality, and ensure supply chain stability. The paper emphasizes proactive strategies to mitigate potential disruptions and optimize the overall efficiency of international air cargo operations.

02/06/2026 Logistics Encyclopedia
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WCO Enhances Ethiopias Tax Revenue with Improved Audit System

WCO Enhances Ethiopias Tax Revenue with Improved Audit System

The WCO is assisting Ethiopian Customs in upgrading its Post Clearance Audit (PCA) capabilities. This includes updating the PCA manual, optimizing audit procedures, and introducing risk assessment methodologies. These improvements aim to enhance tax revenue collection efficiency. The project focuses on strengthening Ethiopian Customs' ability to effectively conduct post-clearance audits, thereby contributing to improved trade facilitation and overall customs administration performance. The WCO's support is crucial for building a more modern and efficient customs system in Ethiopia.

02/06/2026 Customs Knowledge
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Global Customs Body Advocates Standard File Format for Trade Security

Global Customs Body Advocates Standard File Format for Trade Security

The WCO promotes the Unified File Format (UFF) to break down barriers in Non-Intrusive Inspection (NII) data and build smart borders. It encourages testing of UFF 2.0 and planning for UFF 3.0, aiming to enhance the security and efficiency of global trade. This initiative facilitates seamless data exchange and interoperability, ultimately improving border control and risk management through standardized data formats and procedures. The UFF aims to streamline customs processes and foster greater collaboration among border agencies worldwide.

02/06/2026 Customs Knowledge
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