Guide to Optimizing VGM Fees in Global Shipping

Guide to Optimizing VGM Fees in Global Shipping

This article provides an in-depth analysis of the VGM (Verified Gross Mass) fee in international shipping, covering its composition, calculation methods, timeliness requirements, and common issues. It aims to help foreign trade enterprises understand the importance of VGM, master cost control techniques, avoid unnecessary losses and delays, and improve international shipping efficiency. The article explores the various factors contributing to the VGM fee and offers practical guidance to navigate the complexities of VGM compliance, ultimately assisting businesses in optimizing their container transportation processes and minimizing potential disruptions.

01/26/2026 Logistics Encyclopedia
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Spain and Latin America Boost Auto Parts Export Strategies

Spain and Latin America Boost Auto Parts Export Strategies

This article delves into export strategies for auto parts, specifically vacuum boosters, to Spain and the Latin American market. It covers the selection of international express delivery services, cost control measures, recommended B2B platforms (Alibaba, AliExpress, and Gaishi Auto), and market opportunity analysis. The emphasis is on data-driven decision-making to assist auto parts companies in expanding their overseas markets. The analysis aims to provide actionable insights for businesses seeking to navigate the complexities of international trade and capitalize on the growing demand for auto parts in these regions.

01/26/2026 Logistics Encyclopedia
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Retail Supply Chains Adapt to Drive Growth Amid Changes

Retail Supply Chains Adapt to Drive Growth Amid Changes

The Annual Retail Supply Chain Report reveals retailers' strategic shift from cost control to growth-driven approaches amid economic recovery. The report emphasizes the importance of balancing cost and service, strengthening omnichannel integration, optimizing global sourcing strategies, and leveraging technology. It predicts that the retail supply chain will evolve towards digitization, intelligence, and interconnectedness. Retailers are adapting to meet evolving customer expectations and navigate complex global challenges while striving for efficiency and resilience in their supply chain operations. This transformation is crucial for sustained growth and competitive advantage.

01/28/2026 Logistics Industry Insights
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Iligan Airport RPMI ICAO Standards and Operational Overview

Iligan Airport RPMI ICAO Standards and Operational Overview

This article provides a detailed explanation of Iligan Airport's ICAO code (RPMI) in the Philippines, along with basic airport information such as the IATA code and geographical coordinates. It also elucidates the importance of ICAO codes in aviation fields like flight planning and air traffic control. Furthermore, it offers a glimpse into the future development of Iligan Airport, serving as a valuable reference for aviation professionals and enthusiasts. The information aims to provide a comprehensive overview of the airport's identification and its role within the broader aviation system.

01/27/2026 Airport Codes
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GAC Group Invests in NIO Amid EV Market Expansion

GAC Group Invests in NIO Amid EV Market Expansion

GAC Group's potential investment in NIO is a high-stakes gamble. While it could alleviate NIO's financial pressure, the long-term success of the cooperation hinges on market competition, integration efficiency, and the strategic vision of both parties. GAC needs to assess its financial situation and risks, while NIO faces the issue of control. Whether this 'marriage' can achieve a win-win situation remains uncertain. The ultimate outcome will depend on navigating the complexities of the evolving new energy vehicle market and successfully aligning the interests of both companies.

01/27/2026 Logistics Industry Insights
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Global Coconut Water Demand Drops Amid Price Competition

Global Coconut Water Demand Drops Amid Price Competition

IF Coconut Water was once a leader in the Chinese coconut water market, but it fell into trouble due to its light asset model and price competition, resulting in significant market value loss. This analysis examines the reasons for its success and failure, identifies common industry problems, and proposes strategies such as strengthening upstream control, exploring differentiated products, and enhancing brand value. It argues that companies should shift from a 'light' to a 'heavy' approach to navigate cycles and regain growth, focusing on building a more robust and sustainable business model.

01/27/2026 Logistics Industry Insights
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Understanding Shanghai Port Shipping Export Container Operations

Understanding Shanghai Port Shipping Export Container Operations

This article explores the operational practices of full container shipping at Shanghai Port, including customs clearance procedures, electronic packing list information, and cargo consolidation arrangements. Customs clearance at Shanghai Port typically occurs after receiving the pre-assigned shipping list, with the electronic packing list facilitating the customs process once the loaded container arrives at the port.

07/18/2025 Logistics Encyclopedia
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Key Differences Between LCL and FCL Shipping

Key Differences Between LCL and FCL Shipping

This article analyzes the key differences between Less than Container Load (LCL) and Full Container Load (FCL) shipping. LCL shipping involves multiple customers' goods being packed in a shared container, enhancing transport efficiency and reducing costs. In contrast, FCL shipping entails renting an entire container, suitable for clients needing larger shipping capacities. There are also significant differences in the bill of lading and consignees between the two.

07/17/2025 Logistics Encyclopedia
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Global Firms Adopt Trade Terms to Reduce Tariff Risks

Global Firms Adopt Trade Terms to Reduce Tariff Risks

This guide explores how to effectively manage tariff risks using the International Commercial Terms (Incoterms® 2020). The article analyzes the significance of these rules amidst tariff fluctuations, clarifies the distribution of responsibilities under different terms, and offers practical advice on how to adapt to policy changes, aiming to help businesses optimize their cross-border transactions.

08/05/2025 Customs Knowledge
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