Ocean Shippers Warned of Hidden Freight Fees

Ocean Shippers Warned of Hidden Freight Fees

This article exposes the common "low initial fee, high destination port charge" trap in LCL shipping. It analyzes the operation and harm of this deceptive practice, providing a three-step identification method and four preventive measures to help shippers avoid falling into the low-price trap and protect their rights. Furthermore, it offers emergency handling suggestions for those who have already been victimized. The aim is to raise awareness and empower shippers to navigate the complexities of LCL shipping with greater confidence and security.

02/11/2026 Logistics Encyclopedia
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Shanghai Intensifies Crackdown on Export Tax Fraud

Shanghai Intensifies Crackdown on Export Tax Fraud

Shanghai tax authorities have cracked down on export tax rebate fraud, investigating Shanghai Jinhui Investment Industry Co., Ltd. and Ru Chen International Trade (Shanghai) Co., Ltd. in two separate cases. The individuals involved have been severely punished by law, demonstrating the tax authorities' determination to maintain tax order and safeguard national financial security. The crackdown underscores the commitment to preventing economic crimes related to export tax rebates and ensuring fair trade practices.

02/11/2026 Customs Knowledge
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Geodis Adds Asiaeurope Air Cargo Route Amid Capacity Shortage

Geodis Adds Asiaeurope Air Cargo Route Amid Capacity Shortage

Geodis is providing stable and reliable air freight services by securing dedicated charter routes between Asia and Europe, alleviating current capacity constraints in the air cargo market. This initiative aims to ensure smooth supply chain operations, particularly crucial for industries like automotive manufacturing. Facing capacity challenges and rising prices, Geodis's exclusive routes offer a stable and efficient transportation solution, helping businesses navigate market volatility. This proactive approach ensures predictable transit times and cost control for their clients amidst global disruptions.

02/03/2026 Logistics
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Global Air Cargo Symposium Focuses on Safety Tech and Regulations

Global Air Cargo Symposium Focuses on Safety Tech and Regulations

The IATA's 7th World Cargo Symposium focused on air cargo security and sustainable development. WCO Deputy Secretary General Mujica emphasized the importance of regulatory frameworks and introduced WCO's related initiatives. Key issues such as security, technological innovation, and regulatory frameworks were discussed. The symposium proposed strengthening international cooperation and information sharing to promote the healthy development of the air cargo industry. The discussions aimed to enhance safety measures, explore innovative solutions, and improve regulatory compliance within the global air cargo sector.

01/26/2026 Logistics
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Fincombank SA SWIFT Codes Guide for Global Transfers

Fincombank SA SWIFT Codes Guide for Global Transfers

This article introduces the SWIFT/BIC code FTMDMD2XXXX for Banca de Finante si Comert S.A. (FinComBank S.A.), emphasizing the importance of accurately using this code during international transfers. It also advises clients to verify and confirm any additional codes that may exist depending on different services or branches to ensure the safety and successful arrival of funds.

08/22/2025 International Settlement
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SYDBANK AS SWIFT Code Facilitates Secure International Transfers

SYDBANK AS SWIFT Code Facilitates Secure International Transfers

This article presents the SWIFT code SYBKDK22ESB for SYDBANK A/S, highlighting its significance in international transfers. It emphasizes that accurate usage of the SWIFT code can prevent delays and rejections in funds, ensuring successful international money transfers. Additionally, the importance of confirming SWIFT code information with the bank is stressed to ensure financial security.

08/11/2025 International Settlement
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China Merchants Bank Explains SWIFT Codes for Global Transfers

China Merchants Bank Explains SWIFT Codes for Global Transfers

Understand the SWIFT code CMBCCNBS050 of China Merchants Bank to ensure smooth international remittances. An incorrect SWIFT code may cause delays or misdirected funds, so accurately filling in this critical code is essential for securing funds and ensuring efficient transactions. In the global financial environment, China Merchants Bank is committed to providing its customers with convenient and professional remittance services.

08/18/2025 International Settlement
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Bank of Chinas SWIFT Code BKCHCNBJ220 Key for Global Transfers

Bank of Chinas SWIFT Code BKCHCNBJ220 Key for Global Transfers

The SWIFT code BKCHCNBJ220 of the Bank of China plays a crucial role in international transfers. This code consists of the bank identifier, country code, and branch identifier, ensuring the safety and accuracy of funds in cross-border transactions. Understanding and using this code correctly can effectively prevent errors during remittances and ensure that funds are delivered smoothly.

08/18/2025 International Settlement
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