Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

In the new customs declaration form, the definitions and reporting requirements for consignees, consignors, and production and sales units are crucial. The consignee and consignor must be legally registered entities, ensuring they are party to the foreign contract. In special cases, the contract executing entity must be specified. The production and sales unit must report the organization that actually participates in the production or sale of goods to ensure accurate information.

07/21/2025 Customs Knowledge
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Maritime Industry Grapples With Rising Demurrage Costs

Maritime Industry Grapples With Rising Demurrage Costs

This article analyzes the meaning of "On Demurrage" in voyage charters and its relationship with demurrage charges. Demurrage fees are costs incurred by the charterer for exceeding the loading and unloading period specified in the contract, usually calculated on a daily basis. The contract outlines the conditions for entering a state of demurrage, which varies in terminology across different countries. Additionally, it explores the distinctions between demurrage in voyage charters and container transport.

07/28/2025 Logistics Encyclopedia
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Flexport Enhances Booking Tool for Realtime Shipping Management

Flexport Enhances Booking Tool for Realtime Shipping Management

Flexport has upgraded its booking management tools with a new quota management dashboard. By integrating booking, contract, and carrier data, it provides businesses with a real-time, comprehensive view of quota performance. This tool allows users to monitor freight volumes, identify contract deviations, and perform forward-looking planning. It empowers companies to optimize their ocean freight strategies and reduce supply chain costs by offering data-driven insights into quota utilization and potential areas for improvement.

12/30/2025 Logistics
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New Chapter in Tianjin's Supply Chain System Construction 19 Projects Propel Logistics Innovation and Safety

New Chapter in Tianjin's Supply Chain System Construction 19 Projects Propel Logistics Innovation and Safety

Tianjin has made significant progress in supply chain system development, with 19 pilot projects effectively promoting the standardization, intelligence, and safety of logistics. Through policy support, the establishment of standard systems, and innovation in smart supply chain platforms, logistics costs in the city have decreased, and safety management has improved, injecting new momentum into economic development.

07/23/2025 Logistics
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Roland Garros Airport Boosts Réunion Island’s Global Connectivity

Roland Garros Airport Boosts Réunion Island’s Global Connectivity

Roland Garros Airport, located in Saint-Denis on Réunion Island, is a key aviation hub in the region. Named after French pilot Roland Garros, the airport offers direct flights to various destinations, boosting the economic and tourism development of the island. As a modern international airport, Roland Garros is equipped with advanced facilities, making it a significant transportation gateway.

07/29/2025 Airport Codes
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Q1 Trucking Gains As LTL Struggles Parcel Prices Rise

Q1 Trucking Gains As LTL Struggles Parcel Prices Rise

The TD Cowen-AFS Freight Index Q1 report indicates emerging signs of recovery in the truckload market, with rising spot rates, although contract rates remain under pressure. Parcel pricing strategies are proving effective, with fuel surcharge adjustments generating revenue, but discount competition is intense. While LTL rates remain stable, pricing discipline is beginning to erode, and fuel surcharges are declining. The report offers insights into current trends and challenges within the freight transportation industry, highlighting the interplay of spot and contract rates, pricing strategies, and fuel surcharges.

01/15/2026 Logistics Industry Insights
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GS1 Standards Simplify Customs Boost Global Trade Efficiency

GS1 Standards Simplify Customs Boost Global Trade Efficiency

GS1 global standards are facilitating the standardization, digitalization, and unification of customs product classification, addressing existing complexities, inefficiencies, and conflicts. Utilizing key elements like GTIN, GPC, and GDSN, and incorporating China's pioneering practices of linking GTIN with HS codes, pilot projects have shown initial success. Moving forward, GS1 will continue to strengthen cooperation, promote standardized product classification, and facilitate global trade.

11/03/2025 Customs Knowledge
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Bill of Lading Key to Global Trade Transactions

Bill of Lading Key to Global Trade Transactions

The original bill of lading is a crucial document of title in international trade, issued by the shipping company to evidence the contract of carriage and ownership of goods at sea. The holder of the original bill of lading has control over the goods. While telex release bills of lading offer a slightly different functionality, a correct understanding and proper use of the original bill of lading is essential to protect the interests of both trading parties. It serves as a receipt for the goods, a contract of carriage, and a document of title.

08/21/2025 Document Interpretation
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Key Differences Between Master and House Air Waybills in Freight

Key Differences Between Master and House Air Waybills in Freight

This paper delves into the key differences between Master Air Waybill (MAWB) and House Air Waybill (HAWB) in international air freight, covering aspects like issuing party, application scenarios, information content, and modification flexibility. It also details their legal validity. The MAWB serves as a contract of carriage between the airline and the freight forwarder, while the HAWB represents a service contract between the forwarder and the shipper. The importance of accurate document information is emphasized, aiming to help readers better understand international air freight documents and mitigate trade risks.

01/15/2026 Document Interpretation
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