Freight Forwarders Adopt 10 Strategies to Mitigate Bad Debt Risks

Freight Forwarders Adopt 10 Strategies to Mitigate Bad Debt Risks

Freight forwarding companies face the risk of bad debts. This article provides ten risk control strategies to help businesses avoid risks and ensure stable operations. These strategies include: customer background checks, payment method selection, contract signing, cautious handling of special goods, vigilance against abnormal situations, compliant handling of dangerous goods, credit limit control, evidence preservation, and timely loss mitigation. By implementing these measures, freight forwarders can proactively manage potential financial losses and maintain a healthy business.

09/26/2025 Logistics Industry Insights
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Understanding Customs Duty Exemption Codes and Their Applications

Understanding Customs Duty Exemption Codes and Their Applications

This article provides an in-depth analysis of the definition, classification, and specific application of customs tax exemption codes to help readers understand the structure and function of tax management. The system categorizes different taxation nature of import and export goods through clear coding, aiming to enhance the efficiency of customs enforcement and data management capabilities. It focuses on the relevant codes for general taxation and free aid goods, providing clear guidance for import and export operations.

07/21/2025 Logistics Encyclopedia
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Comprehensive Guide to HS Customs Product Classification Rules

Comprehensive Guide to HS Customs Product Classification Rules

The HS Customs Commodity Code is a global standard for the classification of trading goods. Its classification rules encompass various aspects, including the application of item provisions, confirmation of product characteristics, and methods for document retrieval. The main classification rules are divided into six categories, emphasizing accurate classification based on the assessment of the basic features of goods and their consistency with item provisions. Understanding and applying these general rules can facilitate the smooth conduct of international trade.

07/28/2025 Customs Knowledge
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Amazon Tightens Antitheft Rules for Sellers

Amazon Tightens Antitheft Rules for Sellers

Amazon's new policy, effective June 30th, aims to combat the sale of stolen goods. Sellers must provide complete supply chain information and proof of legal origin. Those found selling stolen goods will face severe penalties, including product removal and account suspension. Sellers should immediately conduct self-checks on product compliance, prepare sufficient supporting documentation, and ensure a smooth Prime Day promotion. This policy emphasizes transparency and accountability within the Amazon marketplace to deter illegal activities and protect consumers.

06/26/2025 Logistics Industry Insights
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Air Vs Ocean Freight Balancing Speed and Cost in Supply Chains

Air Vs Ocean Freight Balancing Speed and Cost in Supply Chains

US air freight and ocean freight differ in tracking precision. Air freight relies on real-time updates, allowing for dynamic delay prediction and intervention, suitable for high-value, time-sensitive goods. Ocean freight focuses on key milestone control, offering lower costs but with information gaps, ideal for bulk, durable goods. Air freight provides detailed tracking, while ocean freight provides macro tracking. Bestforworld offers customized solutions and smart comparison services to help you choose the most suitable logistics plan.

01/05/2026 Logistics
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Northeast Chinas Shipping Bottlenecks Strain Supply Chains

Northeast Chinas Shipping Bottlenecks Strain Supply Chains

Due to climate and geography, Northeast China express delivery faces unique restrictions. Fragile items, perishables, liquid cosmetics, and other potentially hazardous goods are often rejected. Choosing appropriate packaging, a reliable courier, and understanding the destination are crucial for successful delivery. Innovative shipping models are emerging for Northeast specialties, boosting local economic development. These models address the challenges of the region and provide solutions for businesses and individuals looking to ship goods to and from Northeast China.

01/05/2026 Logistics Encyclopedia
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Global Customs Body Unites Against IP Crime

Global Customs Body Unites Against IP Crime

The World Customs Organization (WCO) strengthens global cooperation in combating counterfeit goods by signing Memoranda of Understanding with various industry associations. The collaboration focuses on promoting IPM tools, enhancing information exchange, and training customs officers. This aims to improve global intellectual property protection capabilities, build a bridge between customs and rights holders, and jointly address the increasingly complex challenges posed by counterfeit goods. The partnerships seek to streamline enforcement efforts and create a more secure global trade environment.

12/30/2025 Customs Knowledge
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US Tariff Hikes Challenge Crossborder Ecommerce Firms

US Tariff Hikes Challenge Crossborder Ecommerce Firms

The General Administration of Customs released detailed rules for imposing an 84% tariff on imported goods from the United States, posing significant challenges to cross-border e-commerce and foreign trade enterprises. Companies need to urgently review their supply chains, actively apply for 'goods in transit' exemptions, diversify procurement channels, increase product added value, optimize operational strategies, and actively communicate with the government to build a more resilient global supply chain and turn crisis into opportunity.

04/10/2025 Customs Knowledge
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US Extends Tariff Exemptions Eases Trade Amid Compliance Hurdles

US Extends Tariff Exemptions Eases Trade Amid Compliance Hurdles

The US customs tariff policy adjustment extends the tariff exemption period for goods in transit to June 16, 2025, but imposes an additional 10% tariff on specific Chinese goods. This alleviates pressure on some businesses but also increases compliance difficulty and costs. Companies should closely monitor policy changes, optimize cost control, strengthen compliance management, and flexibly adjust their business strategies to cope with market changes. Staying informed and adaptable is crucial for navigating the evolving trade landscape.

01/06/2026 Logistics
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WCO Boosts Trade Control Enforcement in Albania Kosovo

WCO Boosts Trade Control Enforcement in Albania Kosovo

The World Customs Organization (WCO) conducted a Strategic Trade Control Enforcement (STCE) training in Tirana, Albania, for customs officials from Albania and Kosovo. The training aimed to enhance the two countries' customs capabilities in identifying and intercepting strategic goods, addressing the threat of proliferation of weapons of mass destruction. The curriculum covered the theoretical framework of STCE, strategic goods identification, and practical exercises. The WCO plans to hold more related training sessions in other regions in the future.

01/05/2026 Customs Knowledge
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