Strategies to Reduce FOB Risks in Global Trade

Strategies to Reduce FOB Risks in Global Trade

While convenient, FOB (Free On Board) Incoterms carry the significant risk of delivery without a Bill of Lading. This article delves into the potential risks associated with FOB, highlighting issues such as freight forwarder control, Bill of Lading circulation, and the transfer of transportation risks. It provides practical advice to mitigate these risks, including selecting freight forwarders carefully, maintaining control over the goods, and purchasing export credit insurance. These measures can help you navigate international trade with greater confidence and security.

01/29/2026 Logistics Encyclopedia
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Firms Diversify Supply Chains Reduce Reliance on China

Firms Diversify Supply Chains Reduce Reliance on China

A Kearney report indicates a strong desire for companies to reshore, but supply chain diversification is the dominant trend. US companies are actively seeking sourcing options outside of China, reshaping the Asian manufacturing landscape and leading to a decrease in China's export share. Businesses need to conduct cost, risk, market, and compliance analyses to select the optimal approach and build more resilient and sustainable supply chains. Diversification, rather than complete reshoring, is the key strategy for mitigating risks and ensuring long-term stability.

02/03/2026 Logistics Industry Insights
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Ghanas Takoradi Port Berths Record 300000ton Vessel

Ghanas Takoradi Port Berths Record 300000ton Vessel

Ghana's Takoradi Port is set to receive the 'CBS Years', a 300,000-tonne bulk carrier, the largest ever in West Africa. This marks a new era for Ghana's maritime industry, expected to significantly boost bulk cargo exports, increase export revenue, and drive economic growth. Comprehensive technical and operational preparations, including personnel training and risk assessments, have been undertaken to ensure safe berthing and cargo handling. This upgrade demonstrates Ghana's commitment to modernizing its port infrastructure and facilitating increased trade flows.

02/03/2026 Logistics
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Customs Exemption Codes Explained: Tax Classification of Import and Export Goods

Customs Exemption Codes Explained: Tax Classification of Import and Export Goods

This article analyzes the classification and importance of customs exemption nature codes. The exemption types include statutory taxation, statutory reduction, and specific exemptions, providing detailed meanings and examples for each category, with special emphasis on the uniqueness of gratuitous aid materials. These codes assist customs in effectively managing and statisticalizing the taxes on import and export goods, thereby promoting the development of international trade.

07/21/2025 Logistics
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HS Codes 48 Key to Global Trade and Export Tax Policies

HS Codes 48 Key to Global Trade and Export Tax Policies

This article provides an in-depth analysis of HS codes related to item 48 and their corresponding paper products. It discusses the importance of export tax refund policies and compliance requirements for inspections, helping companies manage export trade and resource allocation more effectively. Understanding this information will assist businesses in successfully operating in the international market.

08/05/2025 HS Code Query
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Global Export Rules for Frozen Rabbit Meat HS Codes and Taxes

Global Export Rules for Frozen Rabbit Meat HS Codes and Taxes

This article analyzes the HS code 0208102000 for frozen rabbit meat, along with its related export policies and tax rate information. It covers export tax rebates, value-added tax, most-favored-nation tax rates, and agreement tax rates. Additionally, it highlights inspection and quarantine requirements as well as strategies for enhancing market competitiveness.

08/08/2025 HS Code Query
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Essential Export Documentation A Comprehensive Guide to Transport and Financial Bills

Essential Export Documentation A Comprehensive Guide to Transport and Financial Bills

This article provides an in-depth analysis of various bills and transport documents in export documentation, including issuing behavior, types of bills, transport document requirements, commercial and customs invoices, insurance documents, and certificates of origin. The aim is to help businesses grasp essential knowledge in international trade, enhancing the security and efficiency of transactions.

07/25/2005 Document Interpretation
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