Oman Strengthens Customs Audits to Improve Trade Compliance

Oman Strengthens Customs Audits to Improve Trade Compliance

The World Customs Organization (WCO) is assisting Oman Customs in enhancing its post-clearance audit capabilities. Through workshops, Omani customs officials are empowered with key skills such as risk-oriented auditing and document interpretation. This improved audit capacity of Oman Customs will have a significant impact on companies engaged in import and export trade in Oman. Businesses need to strengthen compliance management and proactively address the new challenges and opportunities arising from these enhancements.

Guide to Streamlining Customs for Split Shipment Importsexports

Guide to Streamlining Customs for Split Shipment Importsexports

This article provides a detailed interpretation of the information document (T2-640) usage in temporary import/export of separated goods. It offers clear operational guidelines and risk prevention advice for different roles, including exporters, importers, re-exporters, and re-importers. The aim is to assist companies in efficiently and compliantly completing customs clearance procedures and improving international trade efficiency. It provides practical guidance to navigate the complexities of temporary import/export regulations.

WCO Releases IT Guide for Digital Customs Modernization

WCO Releases IT Guide for Digital Customs Modernization

The World Customs Organization (WCO) has released an IT Guide to assist customs leaders in digital transformation. This guide aims to enhance efficiency, security, and service delivery within customs administrations worldwide. By leveraging information technology, customs organizations can streamline processes, improve risk management, and ultimately support trade facilitation efforts, contributing to a more efficient and secure global trading environment. The guide provides practical insights and best practices for implementing digital solutions within the customs domain.

Global Shipping Insurance Calculating Coverage and Rate Risks

Global Shipping Insurance Calculating Coverage and Rate Risks

This article delves into the calculation methods for international cargo insurance amounts, emphasizing the importance of cargo value and markup strategies. It details key factors influencing insurance rates, including cargo type, transportation mode, route, coverage selection, transport vehicle and packaging, deductibles, and insured volume. Practical considerations are provided to help businesses optimize insurance costs and mitigate international trade risks. Understanding these elements is crucial for effective risk management and securing appropriate coverage for international shipments.

Global Logistics Adapts Supply Chains Innovates Postpandemic

Global Logistics Adapts Supply Chains Innovates Postpandemic

The February issue of *Logistics Management* focuses on the new normal of global logistics under the pandemic. It analyzes key areas such as the ocean freight market, global trade management software, shipper-3PL partnerships, and supply chain management software trends. The issue proposes strategies for businesses to address challenges, emphasizing the importance of digital transformation, risk management, and talent development. It provides valuable insights for navigating the evolving logistics landscape and building resilient supply chains.

Guide to Mitigating Lost Ocean Bills of Lading Costs

Guide to Mitigating Lost Ocean Bills of Lading Costs

Losing an ocean Bill of Lading (B/L) is a common issue in international trade. This guide provides a comprehensive emergency response, including immediate loss mitigation measures and three core remedies: Telex Release, Replacement Original B/L, and Bank Guarantee. It details the processes, applicable scenarios, advantages, disadvantages, cost breakdowns, and risk warnings for each solution. This aims to help cargo owners quickly address lost B/L issues and minimize potential losses.

Ecommerce Sellers Face Copyright Lawsuit Over Fruit Artwork

Ecommerce Sellers Face Copyright Lawsuit Over Fruit Artwork

Copyrighted artwork VA1-922-855 by Spanish artist Jose Martin poses a risk of infringement in cross-border e-commerce. Publicly available case information warns sellers of potential TRO freezing risks. Sellers should immediately conduct self-checks and remove infringing products. Establishing a copyright review mechanism is crucial to ensure compliant operation. Avoiding unauthorized use of copyrighted material is essential for navigating the complexities of international trade and mitigating potential legal repercussions.

Israelhamas War Disrupts Global Trade and Supply Chains

Israelhamas War Disrupts Global Trade and Supply Chains

The escalating Israel-Hamas conflict is disrupting global trade, causing shipping disruptions, increased freight rates, and delivery delays. Businesses need to closely monitor the situation, develop contingency plans, strengthen risk management, communicate with customers, and consider supply chain diversification to address uncertainty and ensure business stability. The conflict's impact on key shipping routes is creating bottlenecks and impacting the flow of goods worldwide, forcing companies to adapt and mitigate potential disruptions to their operations.

Botswana Customs Enforces Green Trade and Environmental Compliance

Botswana Customs Enforces Green Trade and Environmental Compliance

Botswana Customs plays a crucial role in environmental compliance by enforcing international and domestic regulations, collaborating with various departments, and implementing risk management and compliance programs to protect the environment. Moving forward, Botswana Customs will continue to strengthen capacity building, leverage information technology, and collaborate with other agencies to ensure environmental compliance. This includes enhancing enforcement capabilities, promoting awareness, and fostering partnerships to address environmental challenges related to trade and customs activities.

Global Customs Agencies Adopt Agile Tech at WCO 2026

Global Customs Agencies Adopt Agile Tech at WCO 2026

The 2026 WCO Technology Conference in Abu Dhabi successfully concluded, focusing on "Customs Agility in a Complex World." The conference highlighted the pivotal role of technology in enhancing customs efficiency and ensuring trade security. Discussions covered the application of technologies like non-intrusive inspection, risk management, and cloud computing, emphasizing international cooperation and multi-stakeholder engagement. A hackathon showcased innovative practices, pointing towards the development of smarter, more secure, and efficient customs operations.