New Customs Rules Affect Licensing Fees Royalties

New Customs Rules Affect Licensing Fees Royalties

The World Customs Organization (WCO) has released new Advisory Opinion 4.19 on customs valuation, addressing the complex valuation issues related to royalties and license fees under Article 8.1(c) of the Customs Valuation Agreement. This opinion clarifies the valuation principles for single royalties encompassing both patents and trademarks. It assists businesses in accurately calculating import costs, reducing valuation disputes, and promoting the healthy development of international trade. This guidance aims to provide clarity and consistency in the application of customs valuation rules related to intellectual property rights.

01/26/2026 Customs Knowledge
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WCO Urges Global Trade Resilience at BASC Congress

WCO Urges Global Trade Resilience at BASC Congress

The WCO Deputy Secretary General highlighted the importance of international trade resilience at the 10th World BASC Congress. He presented the WCO's work in standardizing customs procedures, promoting international cooperation, and building capacity, with specific mention of the SAFE Framework and its positive impact on AEO programs. The WCO will continue to collaborate with stakeholders to address international trade challenges and promote global economic prosperity. The speech underscored the critical role of customs in ensuring secure and efficient global supply chains.

01/05/2026 Customs Knowledge
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Phosphorus Pentoxide Export Guide for Global Shippers

Phosphorus Pentoxide Export Guide for Global Shippers

This article details the practical procedures and precautions for exporting Phosphorus Pentoxide (P2O5) as Class 8 dangerous goods via sea freight. It covers booking, dangerous goods declaration, required documents for customs clearance, and key timelines for sea freight export. The aim is to help freight forwarders and foreign trade practitioners avoid risks and successfully complete the export process. It provides guidance on navigating the complexities of shipping this hazardous material, ensuring compliance with regulations and a smooth export experience.

01/25/2024 Logistics Encyclopedia
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Streamlining Class 9 UN3077 LCL Shipping to Busan

Streamlining Class 9 UN3077 LCL Shipping to Busan

This article provides a detailed guide on the LCL (Less than Container Load) sea freight export process of dangerous goods, specifically UN3077 CLASS 9 (e.g., Gambosu), to Busan. It covers essential aspects such as booking information, LCL precautions, warehousing services, customs clearance documents, and Bill of Lading requirements. The aim is to assist foreign trade companies in efficiently and safely completing dangerous goods exports to Busan, ensuring compliance and minimizing potential risks throughout the shipping process.

12/17/2024 Logistics Encyclopedia
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Guide to Streamlining Formaldehyde Shipping to Durban

Guide to Streamlining Formaldehyde Shipping to Durban

This article details the operational requirements for LCL sea freight export of Formaldehyde Solution (UN2209) to Durban. It covers key aspects such as shipping schedules, dangerous goods LCL regulations, booking information, warehousing procedures, customs clearance documents, bill of lading confirmation, and port entry arrangements. The aim is to provide customers with a safe, efficient, and convenient one-stop service for exporting Formaldehyde Solution via LCL sea freight to Durban, ensuring compliance and smooth execution throughout the entire process.

04/08/2025 Logistics Encyclopedia
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NMPA Issues Guide to Medical Device Registration in China

NMPA Issues Guide to Medical Device Registration in China

The People's Republic of China Medical Device Registration Certificate is a crucial market access permit for medical devices entering the Chinese market. This article interprets the importance of the registration certificate and emphasizes the role of compliance procedures, professional agencies, and customs clearance services in successfully obtaining the certificate, helping companies smoothly enter the Chinese market. It highlights the need for adherence to regulations and the benefits of utilizing expert assistance to navigate the registration process efficiently and effectively.

08/21/2025 Document Interpretation
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Shipping Hazardous Cargo Safely Transporting Trichloracetophenone

Shipping Hazardous Cargo Safely Transporting Trichloracetophenone

This article provides a detailed interpretation of the operational procedures for LCL sea freight export of 2,2',4'-Trichloroacetophenone (UN2923 CLASS 8+6.1) dangerous goods. It covers key aspects such as booking preparation, warehousing operations, customs clearance process, and bill of lading confirmation. The article also highlights relevant risks, aiming to provide a reference for foreign trade companies and freight forwarders involved in the handling and shipping of this specific dangerous good via LCL sea freight.

04/15/2024 Logistics Encyclopedia
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Guide to Exporting UN3077 Hazardous Substances Safely

Guide to Exporting UN3077 Hazardous Substances Safely

This article details the export process for UN3077 (Class 9 Dangerous Goods), covering various transportation methods such as sea and air freight, along with required documents for booking, dangerous goods declaration, and customs clearance. Special attention is given to the 2015 List of Hazardous Chemicals, helping you safely and efficiently complete dangerous goods exports. It provides a comprehensive guide to navigating the regulations and procedures involved in shipping UN3077 by sea, ensuring compliance and minimizing potential risks.

03/08/2024 Logistics Encyclopedia
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Guide to Resolving Missing Cargo Documents at Port

Guide to Resolving Missing Cargo Documents at Port

Cargo has arrived, but the pre-manifest is missing? This guide offers strategies for this urgent situation: immediately contact the freight forwarder or shipping company to determine the cause and promptly supplement or modify the pre-manifest information. It emphasizes the importance of pre-manifest declaration to avoid losses caused by incorrect or delayed information. Timely and accurate pre-manifest submission is crucial for smooth customs clearance and preventing potential penalties or delays in cargo release.

08/23/2025 Document Interpretation
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