first sale valuation News

WCO Supports Timorleste in Developing Advanced Trade System

The World Customs Organization (WCO) continuously provides capacity building support to Timor-Leste Customs, focusing on the design and implementation of valuation training programs, as well as enhancements in risk management and intelligence. In cooperation with the Norwegian Agency for Development Cooperation (NORAD), the WCO completed the valuation training module, improved risk management capabilities, and introduced the concept of the 'intelligence cycle'. This assistance supports the modernization of Timor-Leste Customs and contributes to its economic development.

01/22/2026 Customs Knowledge

WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

In 1983, the Customs Valuation Committee clarified that the term "undertaken" in Article 8 of the Customs Valuation Agreement should be interpreted as "carried out" in the English context. This interpretation aimed to standardize understanding and prevent trade disputes arising from linguistic differences. However, this clarification does not affect the French and Spanish versions of the Agreement. The ruling emphasizes the importance of consistent interpretation in international trade agreements to ensure fair and predictable application across different language versions.

01/30/2026 Customs Knowledge

China Cuba Launch First Direct Freight Route to Expand Trade

On June 25, 2025, China and Cuba launched their first regular international freight route, operating twice a week with a cargo capacity of 20 tons per trip. This new service significantly shortens the transportation time to within 24 hours, greatly facilitating trade development between the two countries.

07/02/2025 Logistics

Carbon Ridge Scorpio Tankers Launch First Shipboard Carbon Capture System

Carbon Ridge has partnered with Scorpio Tankers to launch the shipping industry's first centrifugal carbon capture system (OCCS), implemented on the STI SPIGA oil tanker. This technology is modular, cost-effective, and significantly enhances capture efficiency, helping shipping companies gain a competitive edge in environmental sustainability and compliance.

08/07/2025 Logistics

Indonesias Black Eagle MALE Drone Completes First Flight Toward Certification

Indonesian Aerospace has successfully conducted the first flight test of the Black Hawk MALE drone, marking the beginning of the certification process. Although there are no orders yet, this project presents opportunities for national defense and the drone market.

08/07/2025 Airlines

First Capital Bank Simplifies International Remittances With SWIFT Code Guide

This article introduces the primary SWIFT/BIC code for First Capital Bank, which is BARCZWHXXXX, and emphasizes the importance of using the correct code for international remittances. Providing the necessary bank information ensures that funds are delivered smoothly.

08/18/2025 International Settlement

First Security Islami Banks SWIFT Code Guide for Global Transfers

The SWIFT/BIC code for First Security Islamic Bank is FSEBBDDH CTD, offering secure and efficient remittance services. When sending $10,000 to France, the recipient can receive €8,486, with various payment methods available to ensure a smooth transfer.

08/12/2025 International Settlement

First Security Islami Bank Enhances Remittance Security with SWIFTBIC Code

The SWIFT/BIC code for FIRST SECURITY ISLAMI BANK PLC. is FSEBBDDHBAN, used to ensure the security and accuracy of international remittances. Located in Dhaka, Bangladesh, the bank offers a variety of financial services. Understanding the role and usage of SWIFT codes is crucial for successfully completing cross-border transactions.

08/18/2025 International Settlement

First Security Islami Bank PLC SWIFTBIC Code for Global Transfers

This article provides the SWIFT/BIC code for FIRST SECURITY ISLAMI BANK PLC in Bangladesh, along with the bank address and key points to consider during the remittance process, assisting readers in successfully completing international money transfers.

08/15/2025 International Settlement

First Security Islami Bank SWIFT Code Guide for Global Transfers

The SWIFT code for First Security Islami Bank PLC is FSEBBDDHAGR, located in Chittagong, Bangladesh. This article provides information about the bank's SWIFT code and important considerations for international remittance to ensure the safety of funds and successful transaction completion.

08/15/2025 International Settlement

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WCO Supports Timorleste in Developing Advanced Trade System

WTO Clarifies undertaken in Customs Rules to Ensure Fair Trade

China Cuba Launch First Direct Freight Route to Expand Trade

Carbon Ridge Scorpio Tankers Launch First Shipboard Carbon Capture System

Indonesias Black Eagle MALE Drone Completes First Flight Toward Certification

First Capital Bank Simplifies International Remittances With SWIFT Code Guide

First Security Islami Banks SWIFT Code Guide for Global Transfers

First Security Islami Bank Enhances Remittance Security with SWIFTBIC Code

First Security Islami Bank PLC SWIFTBIC Code for Global Transfers

First Security Islami Bank SWIFT Code Guide for Global Transfers