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.

Shipping Industry Grapples With Terminal Handling Charges

Shipping Industry Grapples With Terminal Handling Charges

This article provides an in-depth analysis of the Terminal Handling Charge (THC) in international shipping. It details the core definition, cost components, varying charges across different ports, and factors influencing rate fluctuations. Furthermore, based on Incoterms®, it clarifies the responsibility for THC under different trade terms. The aim is to help cargo owners better understand and control shipping costs, and avoid trade disputes. It offers a comprehensive overview of THC and its implications for international trade.

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.

Global Trade Guide Freight Forwarding and Customs Essentials

Global Trade Guide Freight Forwarding and Customs Essentials

This article analyzes common issues in freight forwarding and consolidation, including import customs clearance, Incoterms, cargo replacement, and dangerous goods export. It provides practical guidance to help foreign trade enterprises efficiently and compliantly complete import and export operations. The analysis covers key aspects of each issue, offering actionable insights for navigating the complexities of international trade and ensuring smooth customs procedures. The aim is to empower businesses to optimize their supply chains and minimize potential risks associated with cross-border transactions.

Global Ecommerce Faces Rising Parcel Return Costs

Global Ecommerce Faces Rising Parcel Return Costs

The responsibility for international small packet return shipping fees follows the principle of "source of responsibility," determined by factors like the reason for return, trade terms, and platform regulations. Buyers, sellers, transportation, customs clearance issues, and Incoterms all influence who bears the cost. Clearly defining responsibility, choosing reliable logistics, preserving evidence, and proactive communication are crucial for resolving disputes. The party at fault, whether due to product defect, incorrect shipment, or other issues, is generally responsible for covering the return shipping expenses.

Key Differences Between FCA and FOB Trade Terms Explained

Key Differences Between FCA and FOB Trade Terms Explained

This article provides an in-depth analysis of two commonly used Incoterms in international trade: FCA (Free Carrier) and FOB (Free On Board). It details the differences between them in terms of delivery location, transportation arrangements, risk transfer, and applicable modes of transport. Through case studies, the article illustrates the scenarios in which each term is best suited. It emphasizes that foreign trade practitioners should carefully select the appropriate term based on the specific circumstances to ensure the smooth operation of trade activities.

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.

Explaining Key International Trade Terms DDP Vs DAP

Explaining Key International Trade Terms DDP Vs DAP

This article provides an in-depth analysis of the common 'arrival contract' Incoterms DDP, DAP, and DDU, detailing their differences in terms of risk transfer, transportation responsibility, customs clearance obligations, and tax/duty liabilities. The article offers advice on selecting the appropriate Incoterm for various trade scenarios and emphasizes key considerations when using these terms. The aim is to help readers mitigate trade risks and improve international trade efficiency by understanding the nuances of these delivery terms and making informed decisions.

Global Trade DDP Vs DAP for Logistics Efficiency

Global Trade DDP Vs DAP for Logistics Efficiency

This article provides an in-depth analysis of DDP (Delivered Duty Paid) and DAP (Delivered at Place) Incoterms in international trade. It details the suitable cargo types, advantages, and challenges associated with each term. The article offers practical advice on selecting the appropriate Incoterm, aiming to assist foreign trade practitioners in making more informed decisions in international logistics. By understanding the nuances of DDP and DAP, businesses can optimize costs, improve efficiency, and navigate the complexities of global trade more effectively.

Amazon FBA Sellers Face Rising Shipment Rejection Risks

Amazon FBA Sellers Face Rising Shipment Rejection Risks

This article provides an in-depth analysis of common reasons for Amazon FBA shipment rejection, such as unpaid duties, non-compliance with delivery standards, and canceled shipments. It offers detailed solutions, including using DDP Incoterms, selecting cooperative carriers, and timely communication, to help you avoid pitfalls and ensure smooth warehouse entry, reducing operational risks. By understanding these issues and implementing the proposed solutions, sellers can significantly improve their FBA performance and minimize the chances of rejection, leading to a more efficient and profitable operation.