Guide to Customs Compliance on Royalties and License Fees

Guide to Customs Compliance on Royalties and License Fees

The World Customs Organization has released new advisory opinions focusing on key customs valuation issues such as royalties, license fees, and trademark usage. The opinions clarify that royalty income tax should be included in customs valuation, emphasize that valuation of goods with own trademarks requires case-by-case analysis, and explain the principles for handling mixed royalties. Businesses should thoroughly understand the regulations, meticulously record transaction information, and consult with professionals to ensure customs valuation compliance. This helps avoid potential penalties and ensures accurate import/export declarations.

01/30/2026 Customs Knowledge
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Chinamiddle East Shipping Rates Key Trends and Costs

Chinamiddle East Shipping Rates Key Trends and Costs

This article provides an in-depth analysis of freight cost composition for Middle East Sea Freight DDP (Delivered Duty Paid) lines. It details key factors influencing freight rates, including cargo weight, nature, transportation mode, destination port, seasonal factors, and exchange rate fluctuations. Practical cost estimation references are provided to help you effectively control transportation costs in international trade. This guide offers insights into optimizing your shipping budget when importing or exporting goods to and from the Middle East, focusing on transparency and cost-effectiveness.

01/30/2026 Logistics
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Uschina Shipping Time Cost and Customs Explained

Uschina Shipping Time Cost and Customs Explained

This article provides a comprehensive analysis of US-China ocean freight, covering transit times, costs, processes, and key customs clearance points. It compares the advantages and disadvantages of ocean freight versus air freight, helping you choose the optimal solution to ensure your goods arrive safely and efficiently. We delve into the specifics of navigating the complexities of international shipping between the US and China, offering practical insights for businesses involved in cross-border trade. The goal is to empower informed decision-making for your logistics needs.

01/30/2026 Logistics Encyclopedia
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US Seaports Face Congestion Labor Gaps and Aging Systems

US Seaports Face Congestion Labor Gaps and Aging Systems

US seaports are facing multiple challenges including container congestion, inadequate infrastructure, and labor shortages, leading to shipping delays and increased costs, significantly impacting the global economy. The US government and port authorities are actively taking measures, such as increasing port investment, strengthening international cooperation, and exploring technological solutions, to improve the current situation and reshape port competitiveness. These efforts aim to alleviate bottlenecks, enhance efficiency, and ensure the reliable flow of goods through American ports, mitigating the negative economic repercussions of the existing challenges.

01/30/2026 Port Encyclopedia
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Chinacanada Shipping Costeffective Logistics Guide

Chinacanada Shipping Costeffective Logistics Guide

This article provides a comprehensive shipping guide for transporting goods from China to Canada. It covers essential aspects such as transit times, choosing the right shipping method (container/bulk cargo), selecting a reliable freight forwarder, understanding customs clearance procedures and tariffs, and the importance of marine insurance. This guide aims to help businesses and individuals conduct China-Canada trade more efficiently and safely. It offers practical advice and key considerations to navigate the complexities of international shipping and ensure a smooth and successful import/export process.

01/30/2026 Logistics Encyclopedia
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Eswatini Enhances Border Management to Facilitate Trade Growth

Eswatini Enhances Border Management to Facilitate Trade Growth

With the support of the World Customs Organization, Eswatini is enhancing trade facilitation by synergizing border management and data standardization, aiming to realize its vision of a 'seamless border'. This collaborative approach streamlines processes, reduces delays, and promotes efficient cross-border movement of goods. By aligning border procedures and standardizing data exchange, Eswatini is working towards a more integrated and competitive trading environment, contributing to economic growth and regional integration. The focus on data standardization ensures interoperability and improved data quality across different systems.

01/30/2026 Customs Knowledge
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Epirus Bank SWIFT Code Guide for Global Transfers

Epirus Bank SWIFT Code Guide for Global Transfers

This article provides a detailed explanation of the SWIFT/BIC code STIOGR2IXXX for the Cooperative Bank of Epirus in Greece. It clarifies the code's structure, applicable scenarios, and methods for obtaining the correct code. The importance of using the accurate SWIFT code is emphasized, and essential considerations for cross-border transfers are provided. This aims to assist readers in completing international remittances safely and efficiently, ensuring smooth and secure transactions when sending money to or from the Cooperative Bank of Epirus.

09/03/2025 International Settlement
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Guide to FOB Trade Managing Freight and Risk

Guide to FOB Trade Managing Freight and Risk

This article provides an in-depth analysis of the operational procedures for nominated cargo under FOB trade terms, emphasizing the importance of information communication and instruction execution. It details potential risks such as release of goods without original Bill of Lading and cost settlement issues, along with corresponding mitigation strategies. The article also compares and contrasts the differences and applications of HBL, MBL, and OBL, offering comprehensive operational guidance and risk prevention advice for export companies. This aims to help exporters navigate the complexities of FOB shipments and minimize potential losses.

08/21/2025 Logistics Encyclopedia
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Shanghai Port Enhances Cargo Flow with Datadriven Customs Efficiency

Shanghai Port Enhances Cargo Flow with Datadriven Customs Efficiency

This article provides a detailed interpretation of Shanghai Port's "Five-Number Consistency" principle for customs clearance. It emphasizes the consistency of data, including the number of pieces, gross weight, volume, container number, and seal number, across the customs declaration, manifest, bill of lading, terminal pre-recorded data, and tally data. The aim is to help freight forwarding companies avoid cargo delays caused by data errors and improve customs clearance efficiency. Ensuring data alignment across these documents is crucial for smooth and timely processing of goods through Shanghai Port.

08/23/2025 Port Encyclopedia
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Global Trade Risks Rise Without Original Bills of Lading

Global Trade Risks Rise Without Original Bills of Lading

This article delves into the definition, high-risk regions, preventive measures, and response strategies related to 'Delivery without Original Bill of Lading' in international trade. It aims to help foreign trade enterprises mitigate risks, protect their rights, and avoid the predicament of losing both goods and payment. The importance of selecting appropriate trade terms, carefully choosing freight forwarders, strictly adhering to operational procedures, and purchasing export credit insurance is emphasized. Furthermore, it provides effective methods for dealing with 'Delivery without Original Bill of Lading' incidents after they occur.

08/22/2025 Logistics Encyclopedia
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