Sri Lanka Central Bank SWIFT Code Guide for Secure Transfers

Sri Lanka Central Bank SWIFT Code Guide for Secure Transfers

This article provides a detailed explanation of the SWIFT code system used by the Central Bank of Sri Lanka, including code structure, branch codes, usage scenarios, and precautions. It aims to help users avoid errors in cross-border remittances and ensure the safe and efficient arrival of funds. The article also briefly introduces the security of the SWIFT network and the main functions of the Central Bank of Sri Lanka. The goal is to provide clarity and guidance for individuals and businesses involved in international money transfers to and from Sri Lanka.

09/01/2025 International Settlement
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Key Shipping Terms Like Laycan Help Mitigate Industry Risks

Key Shipping Terms Like Laycan Help Mitigate Industry Risks

LAY/CAN is a crucial clause in a charter party, defining the period within which a vessel must arrive at the loading port. Understanding its meaning and function helps charterers protect their rights and shipowners fulfill their obligations, thereby regulating the shipping market and mitigating potential risks. This article provides an in-depth analysis of LAY/CAN and compares it with Shipment Date and Late Come, aiming to enhance your knowledge of shipping practices. It is essential for navigating the complexities of charter agreements and minimizing disputes related to vessel arrival and cargo loading timelines.

09/26/2025 Logistics Encyclopedia
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Global Air Freight Trade Bolstered by Cargo Insurance

Global Air Freight Trade Bolstered by Cargo Insurance

International air cargo insurance protects the interests of cargo owners and supply chain stability through risk transfer mechanisms. This article details the differences in coverage between air transport insurance and all risks insurance, and how to maximize insurance effectiveness through precise underwriting strategies and claims management. It emphasizes that companies should focus on underwriting strategies and evidence integrity, transforming insurance into a supply chain resilience tool. By understanding policy nuances and implementing proactive risk management practices, businesses can leverage air cargo insurance to mitigate potential losses and ensure business continuity.

11/03/2025 Logistics Encyclopedia
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IMS Vs ERP Picking the Right System for Ecommerce Growth

IMS Vs ERP Picking the Right System for Ecommerce Growth

Comparing e-commerce IMS and ERP: IMS improves inventory efficiency and reduces costs, while ERP integrates resources and manages finances. Companies should choose based on their specific needs to facilitate business growth. IMS excels at streamlining inventory processes, optimizing stock levels, and minimizing waste. ERP offers a broader approach, encompassing accounting, human resources, and customer relationship management. The optimal solution depends on the scale of operations, complexity of supply chains, and desired level of integration across departments. Selecting the right system is crucial for maximizing efficiency and achieving sustainable competitive advantage.

11/03/2025 Warehousing
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Freight Forwarding vs. Logistics: Key Differences in Global Trade

Freight Forwarding vs. Logistics: Key Differences in Global Trade

This article explores the differences between freight forwarding and logistics, as well as how freight forwarders operate. Freight forwarders are agents in the shipping process and are not actual carriers; they primarily handle booking and customs declaration. There are tier 1 and tier 2 freight forwarders, each with different qualifications and invoicing capabilities. Although tier 1 forwarders might have some booking rights, they are not always the best choice in terms of pricing and service. The role of freight forwarders is crucial, and shippers should select the right forwarder based on their needs.

07/28/2025 Logistics Encyclopedia
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Qatar Customs Boosts Trade Security with AEO Program

Qatar Customs Boosts Trade Security with AEO Program

Qatar Customs, with WCO support, held an AEO program assessment workshop to optimize its upcoming AEO program and enhance trade security and efficiency. The workshop employed gap analysis, practical exercises, and work planning to lay the foundation for further AEO program improvements. The AEO program is expected to enhance Qatar's trade security, improve customs clearance efficiency, reduce trade costs, and strengthen international cooperation. The focus was on identifying areas for improvement and developing a roadmap for successful implementation, ensuring the program meets international standards and contributes to a safer and more efficient trade environment.

01/05/2026 Customs Knowledge
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WCO Introduces French Online Courses for Trade Efficiency

WCO Introduces French Online Courses for Trade Efficiency

The WCO has launched a French version of its Data Model and Customs Valuation online course to help customs officers in French-speaking regions improve their skills and promote trade facilitation. This initiative aims to empower customs officials with the necessary knowledge and tools to effectively implement the WCO Data Model and apply customs valuation principles. By providing access to this comprehensive training in French, the WCO is enhancing accessibility and fostering greater participation, ultimately contributing to more efficient and transparent customs procedures and smoother international trade flows.

01/05/2026 Customs Knowledge
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Google Ads Guide Optimizing Keywords for Targeted Campaigns

Google Ads Guide Optimizing Keywords for Targeted Campaigns

This article delves into Google Search Ads keyword setting techniques, emphasizing the importance of keyword research. It compares the advantages and disadvantages of exact match, phrase match, and broad match types, and highlights the necessity of negative keywords. Furthermore, it shares advanced strategies such as long-tail keywords, competitor keywords, seasonal keywords, and geo-targeting keywords. The aim is to help advertisers achieve precise targeting and improve advertising effectiveness. This comprehensive guide offers practical insights for optimizing Google Ads campaigns and maximizing ROI through strategic keyword selection and implementation.

01/04/2026 Logistics Encyclopedia
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Amazon Sellers Gain Guide to Reinstate Listings Appeal Bans

Amazon Sellers Gain Guide to Reinstate Listings Appeal Bans

This article provides an in-depth analysis of the Amazon order reactivation and account appeal process, offering practical tips and key considerations to help sellers overcome crises and regain control of their sales. From identifying the correct entry points and accurately selecting orders for 'revival' to writing high-quality appeal letters and utilizing multiple appeal channels, it offers comprehensive guidance. It also covers how to handle appeal failures and post-success precautions. This guide aims to help you operate compliantly on the Amazon platform and achieve greater success.

01/04/2026 Logistics Encyclopedia
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Global Airline Group IATA Enhances Data Security with New Exchange Program

Global Airline Group IATA Enhances Data Security with New Exchange Program

The IATA Flight Data Exchange Program aims to provide airlines with an industry-leading flight schedule and MCT database, reducing data dependency risks. Participation and data access are free, supporting data-driven decision-making and governed collaboratively by the industry. The program involves three steps: signing an agreement, sharing data, and receiving data. This helps airlines improve operational efficiency and data security. It offers a centralized, reliable source of flight data, enhancing planning and reducing reliance on potentially vulnerable or outdated sources. The program promotes better data quality and industry collaboration.

01/07/2026 Logistics Industry Insights
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