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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New IATA System Modernizes Airline Payment Settlements

New IATA System Modernizes Airline Payment Settlements

IATA is upgrading BSPlink to a "Next Generation BSPlink," enhancing the efficiency, security, and user experience of airline settlement, and supporting the future development of the aviation industry. This upgrade aims to streamline processes, improve data management, and provide a more modern and user-friendly platform for airlines and travel agents. The new BSPlink will offer enhanced functionalities and improved performance, ultimately contributing to a more efficient and secure global airline settlement system.

01/26/2026 Logistics Industry Insights
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New Protocol Standardizes Arcade Game Card Readers

New Protocol Standardizes Arcade Game Card Readers

The Guangzhou Panyu Animation & Game Industry Association has released the 'Communication Specification for Card Readers in Commercial Amusement Game Machines'. This standard aims to address issues such as poor device compatibility and difficulties in data exchange within the industry. By promoting openness and accelerating intelligent upgrades, the specification seeks to facilitate the industry's transition from a closed ecosystem to a more open one. Ultimately, this initiative contributes to the standardization, normalization, and high-quality development of the amusement game machine sector.

01/26/2026 Logistics Industry Insights
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New Inhaca Airport Boosts Mozambique Island Tourism

New Inhaca Airport Boosts Mozambique Island Tourism

Inhaca Airport (IHC) serves as a convenient gateway to Inhaca Island, Mozambique. This article details the airport's IATA and ICAO codes, geographical location, and advantages of choosing IHC. These benefits include direct access to the island, convenient transportation, and a unique travel experience. It offers practical information for travelers planning a trip to Inhaca Island, highlighting its accessibility and suitability for island tourism.

01/27/2026 Airport Codes
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WCO Launches New Global Customs Performance Standards

WCO Launches New Global Customs Performance Standards

The World Customs Organization (WCO) has launched the second round of its Performance Measurement Mechanism (PMM), aiming to enhance strategic decision-making and overall effectiveness of member customs administrations through a standardized assessment framework. The PMM is not only an evaluation tool but also a key instrument supporting capacity building and promoting international cooperation. The WCO encourages all members to actively participate in building an efficient and transparent global trade environment.

01/27/2026 Customs Knowledge
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Greenlands Upernavik Airport Assigned New ICAO Code

Greenlands Upernavik Airport Assigned New ICAO Code

This article provides the ICAO code (BGUK) and IATA code (JUV) for Upernavik Airport in Greenland, along with key details such as the airport's name, country, geographical coordinates, and a link to its Wikipedia page. It emphasizes the importance of accurately knowing airport codes for flight planning, air traffic control, and emergency response. The aim is to assist pilots, aviation enthusiasts, and anyone requiring precise airport information, ensuring they have access to reliable data for various purposes.

01/26/2026 Airport Codes
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New Online Tool Simplifies International Unit Conversions

New Online Tool Simplifies International Unit Conversions

Tired of manually converting international unit prefixes? This online tool supports the conversion of various physical quantities. It's easy to use and provides accurate results, helping you eliminate tedious calculations and improve efficiency. Convert units like length, mass, time, and more with ease. Say goodbye to cumbersome manual conversions and embrace a streamlined, accurate solution for all your unit conversion needs.

01/26/2026 Logistics Encyclopedia
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New HOS Rules Threaten Trucking Industry Productivity

New HOS Rules Threaten Trucking Industry Productivity

The American Trucking Associations (ATA) has again called for a suspension of the proposed HOS (Hours of Service) rule, arguing it will reduce industry productivity, increase costs, and exacerbate the driver shortage. The new rule, including shorter driving times, mandatory rest breaks, and restrictions on the 34-hour restart, has raised industry concerns about reduced capacity and supply chain disruptions. The ultimate direction of the rule will have a significant impact on the U.S. economy.

01/28/2026 Logistics
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CEVA Logistics Opens New Panama Logistics Park

CEVA Logistics Opens New Panama Logistics Park

CEVA Logistics has announced the expansion of its operations in Panama City with a new logistics park, tripling its previous footprint. The facility is equipped with advanced logistics technology and equipment, designed to provide customers with more efficient and reliable logistics services and support their global business growth. This expansion demonstrates CEVA Logistics' confidence in the Panama market and its plans to continue investing in the region to meet the growing logistics demand.

01/28/2026 Logistics
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Palaus Emerging Market Offers New Trade Opportunities

Palaus Emerging Market Offers New Trade Opportunities

This article provides an in-depth analysis of potential opportunities in the Palau market, particularly in marine environment protection, renewable energy development, and tourism infrastructure upgrades. It also details information on Palau's professional exhibitions and foreign exchange control policies. This provides practical operational guidelines and strategic advice for companies entering the Palau market, helping them to succeed. The guide aims to equip businesses with the knowledge necessary to navigate the market and capitalize on its unique potential.

01/27/2026 Customs Knowledge
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