Key Strategies for Customs Valuation in Global Trade

Key Strategies for Customs Valuation in Global Trade

Customs valuation checks are common risk points in international trade. Businesses need to prepare various documents in advance, including commercial invoices, purchase contracts, and marine insurance policies, to verify the authenticity of the declared value of goods and mitigate potential tariff expenditure risks. Through thorough preparation and efficient document management, companies can better navigate customs challenges and ensure compliant operations.

08/05/2025 Customs Knowledge
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Dangerous Goods Sea Freight Export: How to Handle Customs Inspections

Dangerous Goods Sea Freight Export: How to Handle Customs Inspections

During the export of dangerous goods by sea, customs inspections are a common occurrence. Inspections include machine checks and manual verifications, focusing primarily on the goods' inspection certificates, labels, and packaging information. If any discrepancies are found, the goods may be detained, requiring a situation report for resolution. To ensure smooth export operations, it is essential to follow the established procedures.

07/15/2025 Logistics Encyclopedia
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National Bank of Ethiopia Simplifies SWIFT Transfers with XE Guide

National Bank of Ethiopia Simplifies SWIFT Transfers with XE Guide

This article provides a detailed explanation of the National Bank of Ethiopia's SWIFT code, NBETETAAXXX, and demonstrates how to use the XE platform for secure and convenient cross-border transfers. XE offers real-time exchange rates, robust security measures, and excellent customer service, making it a smart choice for users. The article also includes a pre-transfer information checklist and frequently asked questions to help readers easily complete their international money transfers. It aims to simplify the process of sending money to or from Ethiopia using the SWIFT network and the XE platform.

09/03/2025 International Settlement
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Hong Kong Air Cargo Adopts 5G for Automated Operations

Hong Kong Air Cargo Adopts 5G for Automated Operations

Hong Kong Air Cargo Terminals Limited (Hactl) has introduced 5G technology to build a connected and intelligent freight ecosystem, enhancing cargo handling automation. By deploying a dedicated 5G network, automated guided vehicles (AGVs), security robots, and smart cargo positioning systems, Hactl effectively addresses industry challenges and seizes market opportunities. This allows them to continuously expand their customer base and lead the development of the Hong Kong air cargo industry. The implementation of 5G significantly improves efficiency and accuracy in cargo operations, paving the way for future innovation in air freight logistics.

12/30/2025 Logistics
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WCO Adopts Disruptive Tech to Modernize Global Trade

WCO Adopts Disruptive Tech to Modernize Global Trade

The World Customs Organization (WCO) Permanent Technical Committee (PTC) acknowledged the “Disruptive Technologies Research Report,” focusing on the application of seven key technologies, including blockchain and artificial intelligence, in customs and border management. The report analyzes the strengths, weaknesses, opportunities, and threats of each technology. It also explores key success factors for innovative customs, data-driven decision-making, smart border construction, and sustainable development. This signals a profound transformation is on the horizon for global trade. The report highlights the potential of these technologies to streamline processes and enhance security.

01/05/2026 Customs Knowledge
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Ebay Tips for Safe Secondhand Shopping

Ebay Tips for Safe Secondhand Shopping

This article delves into search techniques and risk mitigation strategies for buying used items on eBay. It covers keyword optimization, multi-site searching, condition assessment, domestic/international price difference analysis, seller location distribution, snipe bidding, and eBay buyer protection mechanisms. The aim is to help readers find desired used goods on eBay more effectively and ensure transaction security. It provides practical guidance on navigating the platform, understanding potential pitfalls, and employing smart bidding techniques to maximize success while minimizing risks associated with cross-border transactions and purchasing used items.

12/31/2025 Logistics Encyclopedia
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Cainiao Launches Smart Sorter to Boost European Delivery Efficiency

Cainiao Launches Smart Sorter to Boost European Delivery Efficiency

At the 2025 Hannover Industrial Fair, Cainiao launched a narrow-band linear sorting machine targeting the European market. This product has received CE certification and is now in use, aimed at assisting local express companies in addressing challenges such as labor shortages and limited space. It is expected to improve sorting efficiency by 30%.

08/06/2025 Logistics
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Busan Port Advances Smart Port Initiatives for Global Shipping

Busan Port Advances Smart Port Initiatives for Global Shipping

Founded in 2004, the Busan Port Authority aims to develop Busan Port into a global shipping hub. Despite challenges, it has achieved a container throughput of 21 million TEUs. The authority is enhancing its competitiveness and operational efficiency through infrastructure expansion and the construction of a smart port, striving to secure a leading position in the global shipping industry.

08/05/2025 Port Encyclopedia
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Smart Sorting Boosts Efficiency in Global Small Package Logistics

Smart Sorting Boosts Efficiency in Global Small Package Logistics

The automatic sorting system for international small packages enhances transportation efficiency and reduces logistics costs by recognizing parcel information. This article explores information recognition technology, intelligent collaboration in sorting processes, and the future development of multi-technology synergy, aiming to provide practical logistics solutions for related enterprises.

06/19/2025 Logistics Encyclopedia
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