International Trade Terms Explained: A Comprehensive Analysis of Transaction Methods and Pricing Terminology

International Trade Terms Explained: A Comprehensive Analysis of Transaction Methods and Pricing Terminology

This article provides a detailed analysis of the main transaction methods and pricing terms in international trade, including FOB, C&F, and CIF. It explains the meaning of each term and the regulations for filling out export customs declarations. Additionally, it discusses how to accurately fill in freight and insurance costs based on varying transaction prices, ensuring a smooth and compliant trade process.

07/18/2025 Logistics Encyclopedia
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Customs Classification of Cutting Tools

Customs Classification of Cutting Tools

This article analyzes the customs classification of edged cutting tools and their blades. Based on the Import and Export Tariff, it provides a detailed classification of tools under tariff heading 82.11, including complete sets, fixed knives, and non-fixed knives. The definitions and examples of various cutting tools are clarified, helping businesses better understand and handle customs affairs in international trade.

07/21/2025 Logistics Encyclopedia
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Customs Duty Exemption Codes Explained

Customs Duty Exemption Codes Explained

This article provides a detailed overview of the classification and structure of customs duty exemption codes, including regulations for general taxation, gratuitous aid, statutory exemptions, and specific regional goods. By defining each code and outlining its applicability, it aids logistics professionals in understanding customs procedures, ensuring compliance and efficiency in trade.

07/21/2025 Customs Knowledge
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Customs Exemption Nature Code Explained

Customs Exemption Nature Code Explained

The customs duty exemption nature codes are important tools for classifying import and export goods. This article provides a detailed overview of the classification of exemption categories, including statutory taxation, tax reductions, and specific tax exemptions, along with detailed definitions and applicability related to various types of import and export goods. This information is crucial for understanding tax management in international trade.

07/21/2025 Customs Knowledge
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Understanding Customs Brokerage Operation Process

Understanding Customs Brokerage Operation Process

This article provides an in-depth analysis of the importance of customs brokers in international trade, detailing the specific processes and precautions for both export and import customs declarations. It aims to assist practitioners in conducting customs operations more effectively, improving transport efficiency, and mitigating potential risks and losses.

07/18/2025 Logistics Encyclopedia
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China Simplifies Electronic Filing for Nonspecial Use Cosmetic Imports

China Simplifies Electronic Filing for Nonspecial Use Cosmetic Imports

This article details the importance and usage of electronic information certificates for filing non-special use imported cosmetics. It provides a download link for a relevant operating guide. Furthermore, it emphasizes the value of professional customs clearance and inspection services in simplifying import procedures and mitigating risks, helping companies efficiently and compliantly introduce their products to the market. These services ensure a smooth and legally sound import process, saving time and resources for businesses.

08/21/2025 Customs Knowledge
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Logistics Firms Tackle Bill of Lading Tracking Gaps in Consolidated Shipping

Logistics Firms Tackle Bill of Lading Tracking Gaps in Consolidated Shipping

Consolidated shipment users often face missing vessel information after customs clearance when tracking their bills of lading. Current query functions don't provide vessel status for other bills of lading on the same ship, increasing tracking difficulty. It is recommended that the platform optimize its functionality by adding vessel information display. Users should also strengthen communication with relevant parties to ensure smooth cargo transportation. This enhancement will improve transparency and efficiency in consolidated shipment tracking.

08/23/2025 Logistics Encyclopedia
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US Importers Face 5000 Fines for ISF Filing Errors

US Importers Face 5000 Fines for ISF Filing Errors

This article provides a detailed explanation of the Importer Security Filing (ISF) system in the United States, covering the "10+2" filing requirements, frequently asked questions, key considerations, and how to avoid penalties. The aim is to help foreign trade exporters understand the ISF filing process, ensure smooth customs clearance, and avoid unnecessary financial losses. It offers practical guidance on navigating the complexities of ISF compliance and highlights potential pitfalls to watch out for.

08/22/2025 Customs Knowledge
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Port Data Discrepancies Challenge Freight Consolidation Accuracy

Port Data Discrepancies Challenge Freight Consolidation Accuracy

Inconsistent port data is a common issue in consolidation shipping. This article explores key aspects such as data sources, comparison validation, and responsibility attribution. It suggests prioritizing verification of equipment interchange receipts to ensure data accuracy and improve customs clearance efficiency. Precise and efficient data management is crucial for successful consolidation shipping. The focus is on identifying discrepancies and implementing validation processes to streamline operations and minimize delays caused by inaccurate port information.

08/22/2025 Logistics Encyclopedia
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