Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

COV (Change of Vessel Fee) is a common charge in maritime freight forwarding, typically around 200 RMB per instance. This fee applies in cases where changes to the vessel are required due to customer reasons, helping to prevent empty cargo holds during voyages. Understanding the background and implications of change of vessel fees can assist customers in making more efficient arrangements for cargo transport and avoid unnecessary costs.

07/16/2025 Logistics Encyclopedia
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Los Angeles Port Faces Doubledigit Cargo Decline Amid Tariffs

Los Angeles Port Faces Doubledigit Cargo Decline Amid Tariffs

The Port of Los Angeles, the busiest import gateway in the US, anticipates a 10% drop in container volumes in the second half of the year. High inventory levels due to earlier front-loading, coupled with US tariffs increasing import prices, are forcing importers to alter procurement strategies. Larger companies are better equipped to adapt, while SMEs face challenges. Ultimately, tariff costs may be passed on to consumers. Businesses need to strengthen demand forecasting, diversify supply chains, and enhance technological innovation to navigate these changes.

01/08/2026 Logistics
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Mississippi River Drought Threatens US Supply Chains

Mississippi River Drought Threatens US Supply Chains

Drought conditions have lowered the Mississippi River to its lowest level in a decade, causing waterway closures, hundreds of stranded vessels, and hindered agricultural product transport, leading to soaring freight costs. Concurrently, US imports are projected to fall to a near two-year low, reflecting weakened demand and ongoing supply chain challenges. The combination of extreme weather events and slowing global demand is exacerbating economic uncertainty. The low water levels are severely impacting the ability to move goods along this vital waterway.

12/29/2025 Logistics
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Suez Canal Reopens Amid Global Supply Chain Challenges

Suez Canal Reopens Amid Global Supply Chain Challenges

The Suez Canal reopening eased some pressure, but the backlog of ships will impact global supply chains. Companies should pre-book slots, optimize transport routes, strengthen supply chain collaboration, and, in the long term, diversify, digitalize, regionalize, and green their operations to enhance resilience and address future challenges. The congestion caused by the incident highlights the fragility of global trade and the need for businesses to proactively manage potential disruptions to their supply networks. This proactive approach is crucial for mitigating risks and ensuring business continuity in an increasingly volatile global landscape.

01/19/2026 Logistics Industry Insights
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Global Aviation Leaders Collaborate on Future Industry Growth

Global Aviation Leaders Collaborate on Future Industry Growth

The International Air Transport Association (IATA) promotes the development of global air transport through collaboration with governments and international organizations, ensuring enhanced aviation safety and standards for travelers and businesses. We are committed to building a secure and efficient global aviation network, working together to create a new future for air transport.

08/07/2025 Logistics
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HS Codes 48 Key to Global Trade and Export Tax Policies

HS Codes 48 Key to Global Trade and Export Tax Policies

This article provides an in-depth analysis of HS codes related to item 48 and their corresponding paper products. It discusses the importance of export tax refund policies and compliance requirements for inspections, helping companies manage export trade and resource allocation more effectively. Understanding this information will assist businesses in successfully operating in the international market.

08/05/2025 HS Code Query
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China Adjusts Export Tax Rebates for HS Code 96 Products

China Adjusts Export Tax Rebates for HS Code 96 Products

This article conducts an in-depth analysis of products under the 96 series HS codes, revealing their application in export tax rebate policies. It aims to assist enterprises in understanding relevant regulations and enhancing market competitiveness. By organizing different HS codes and their corresponding tax rebate rates, the article helps companies address challenges in international trade and improve their economic returns.

08/05/2025 HS Code Query
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Chinas Automotive Seat Market Expands Under HS Code 9401209000

Chinas Automotive Seat Market Expands Under HS Code 9401209000

The HS code 9401209000 refers to seats for other motor vehicles, which enjoy a 0% export tax rate and a 13% rebate rate, as well as preferential tax rates under various international agreements. Effective declaration elements and the absence of regulatory conditions provide a broad market prospect, presenting enterprises with significant opportunities.

08/05/2025 HS Code Query
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