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 Boosted by Streamlined Customs Clearance

Global Trade Boosted by Streamlined Customs Clearance

This article provides a detailed interpretation of the procedures and methods for international logistics cargo declaration, including preparing declaration documents, selecting declaration methods, entrusting customs brokers, customs approval, and tariff payment. It aims to help companies clear customs efficiently, avoid delays and losses, and ensure the smooth progress of international trade. The article covers key aspects of the process, offering practical guidance for navigating the complexities of international cargo declaration and ensuring compliance with relevant regulations.

01/29/2026 Customs Knowledge
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US Trucking Industry Hits Record Freight Volumes Boosting Economy

US Trucking Industry Hits Record Freight Volumes Boosting Economy

According to the American Trucking Associations, U.S. truck freight volume reached a record high in August, up 4.5% year-over-year, signaling robust economic growth. This article analyzes the drivers behind this growth, exploring market opportunities and challenges, and interpreting the value and potential of the trucking industry from a product introduction perspective. It emphasizes the need for companies to optimize operations, attract drivers, comply with regulations, and strengthen collaborations to seize opportunities and face challenges.

01/28/2026 Logistics
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South Koreas Easing Credit Boosts Real Estate Outlook

South Koreas Easing Credit Boosts Real Estate Outlook

A Bank of Korea survey indicates a positive shift in the bank lending attitude index, suggesting a moderate easing of credit conditions. Demand for both mortgage and corporate loans is increasing, although government regulations may limit the pace of expansion. This credit easing could potentially boost the economy and stock market. However, the Korean Won's performance is subject to various factors. Investors should focus on beneficiary sectors, mitigate risks, diversify their portfolios, and closely monitor policy developments.

01/28/2026 Exchange Rate Query
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Supply Chain Audits Fail to Ensure Human Rights Protections

Supply Chain Audits Fail to Ensure Human Rights Protections

Current supply chain audits are often ineffective in improving human rights due to limited scope, flawed processes, lack of binding results, and absent standards and regulations. To enhance audit effectiveness, it's crucial to broaden the scope, reform the audit process, strengthen enforcement, foster international cooperation, empower local law enforcement, leverage technological advancements, and raise consumer awareness. These combined efforts are essential to building a fair and equitable global supply chain system that prioritizes human rights and corporate accountability.

01/28/2026 Logistics Industry Insights
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Drone and Robot Delivery Advancements Target Lastmile Challenges

Drone and Robot Delivery Advancements Target Lastmile Challenges

This article explores how drones and robots are addressing the challenges of the logistics "last mile." Drones are suitable for emergencies and remote area deliveries, while robots are better suited for short-distance urban deliveries. Daimler's mobile delivery center model combines the advantages of both. Despite challenges such as airspace regulations and safety concerns, with technological advancements and policy improvements, drone and robot delivery are expected to experience explosive growth and reshape the last-mile delivery landscape.

01/28/2026 Logistics
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Senate Excludes Selfdriving Trucks From AV START Act

Senate Excludes Selfdriving Trucks From AV START Act

The US Senate passed an autonomous driving bill, prioritizing passenger cars but excluding autonomous trucks, disappointing the trucking industry. The bill allows automakers to sell self-driving cars and streamlines the approval process, but only for vehicles under 10,000 pounds. The industry is calling for regulations specifically addressing autonomous trucks to balance technological innovation with societal impact. This exclusion raises concerns about the future of autonomous trucking and the potential benefits it could bring to supply chains and logistics.

01/28/2026 Logistics Industry Insights
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Carleton University IATA Launch Aviation Policy Certificate

Carleton University IATA Launch Aviation Policy Certificate

IATA and Carleton University have partnered to launch an aviation transport certificate program. This program aims to help industry professionals and policymakers understand aviation policy, adapt to industry changes, and influence its development. The certificate provides valuable insights into the complexities of air transportation and equips participants with the knowledge and skills necessary to navigate the evolving landscape of the aviation sector. It's designed to enhance their understanding of regulations, economics, and operational aspects of the industry.

01/27/2026 Logistics Industry Insights
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WCO Issues New Customs Valuation Guidance for Trade Compliance

WCO Issues New Customs Valuation Guidance for Trade Compliance

The World Customs Organization is set to release new Explanatory Note 7.1, aiming to clarify the meaning of 'price actually paid or payable' and assist businesses in more accurately performing customs valuation. Companies should thoroughly understand the new regulations, optimize their valuation strategies, reduce trade costs, and improve compliance levels, thereby gaining a competitive edge in cross-border trade. This updated guidance is crucial for navigating the complexities of international trade and ensuring accurate declaration of goods.

01/26/2026 Customs Knowledge
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WCO Updates Global Trade Classifications Under Harmonized System

WCO Updates Global Trade Classifications Under Harmonized System

The World Customs Organization released the decisions of the 60th session of the Harmonized System Committee, including new commodity classification opinions, revisions to the Harmonized System Explanatory Notes, and commodity classification rulings. Businesses should promptly understand and adapt to these changes by updating commodity databases, strengthening internal training, and seeking professional assistance when necessary. This ensures trade compliance and improves efficiency in international trade operations. Staying informed about these updates is crucial for navigating customs regulations effectively.

01/26/2026 HS Code Query
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