This article explores how to effectively utilize international trade terms (Incoterms® 2020) to manage tariff risks in international trade. It analyzes the allocation of responsibilities under various terms and provides practical recommendations to cope with tariff fluctuations, thereby enhancing the competitiveness of businesses in the global market.
This paper delves into critical aspects of freight forwarding practice, including the significance of the Bill of Lading's declared value, the basis for cargo damage claims, the definition of non-containerized shipments, customs clearance procedures, the distinction between 'first release' and 'second release', the concepts of LCL consolidation and cooperative stuffing, and the division of responsibilities between buyers and sellers under DDU terms. It aims to provide practical guidance for professionals in the foreign trade industry, clarifying key operational procedures and liabilities.
This analysis breaks down sea freight cost components, including surcharges like ORC, DDC, THC, and Local Charges. It clarifies the cost responsibilities of buyers and sellers under various Incoterms such as EXW, FOB, and CIF. Understanding these elements is crucial for accurate cost calculation and efficient international trade management, helping to avoid unexpected expenses and ensure smooth shipping processes.
For international goods buyers, FCA (Free Carrier) often surpasses FOB and EXW. FCA is better suited for containerized shipping, clearly defining the seller's responsibility for export clearance and loading, thus reducing the buyer's burden and risk. When choosing Incoterms®, factors like the nature of the goods, mode of transport, and the strengths of both parties should be considered. FCA is a wise choice for simplifying processes, reducing costs, and mitigating risks in international trade transactions.
This article, from the perspective of a data analyst, provides an in-depth analysis of the declaration specifications for the 'Freight' and 'Miscellaneous Charges' columns in import customs declarations under common Incoterms such as CIF, CFR/CPT, FOB/FCA/FAS, and EXW. Through case studies and customs reminders, it helps companies comply with declarations, reduce tax risks, and improve customs clearance efficiency. The focus is on ensuring accurate and compliant reporting of these charges to avoid potential penalties and streamline the import process.
This article introduces the SWIFT/BIC code EABRKZKA XXX of the EURASIAN DEVELOPMENT BANK, highlighting its significance in international financial transactions and the advantages of the bank in terms of fund security and transparency.
The force majeure clause states that delays in international express delivery due to extreme weather are generally not compensable. Sellers need to understand the contract terms and clarify their rights to minimize liability disputes.
This article introduces the SWIFT code ASBBNZ2AFXD for ASB BANK LIMITED, emphasizing the importance of using the correct SWIFT code in international remittances. It also highlights the advantages of this bank in terms of customer service.
This article explains how to use the NATIONAL COMMERCIAL BANK's SWIFT code LNCBLYLT115 for international transfers, emphasizing the importance of the SWIFT code in terms of fund security and efficiency. It also offers practical tips for transferring money.
The article discusses how to use the SWIFT code for international remittances safely and efficiently, using the SWIFT code of NATIONAL BANK OF DOMINICA LTD as an example. It emphasizes the importance of transfer accuracy, fees, and banking terms.
