MSC's Terminal Investment Limited will acquire an 80% stake in CK Hutchison's global port portfolio for $22.8 billion, spanning 43 terminals, making it the largest container terminal operator in the world. The acquisition raises concerns about fair market competition, particularly regarding its potential impact on the Panama ports.
This article, from the perspective of a data analyst, provides an in-depth analysis of the declaration specifications for the 'Freight' and 'Miscellaneous Charges' columns in import customs declarations under common Incoterms such as CIF, CFR/CPT, FOB/FCA/FAS, and EXW. Through case studies and customs reminders, it helps companies comply with declarations, reduce tax risks, and improve customs clearance efficiency. The focus is on ensuring accurate and compliant reporting of these charges to avoid potential penalties and streamline the import process.
Maersk has launched a new import demurrage and detention calculator designed to help customers accurately understand the free time allowed for their cargo and effectively avoid unnecessary additional charges. The calculator currently only provides demurrage and detention calculations and does not include storage fees after 72 hours of cargo arrival at the port. By optimizing cargo pickup and empty container return processes, and making good use of the calculator, customers can effectively avoid demurrage and detention charges and reduce logistics costs.
Monroe Port in Michigan will launch its first international container terminal compliant with the Safe Port Act in 2026, breaking a long-standing bottleneck in container transportation. The new terminal will provide convenient services for export and import businesses, promote regional economic development, and achieve efficient and cost-effective container shipping.
Understand common additional charges in international air freight to avoid unnecessary expenses. From fuel surcharges to residential delivery fees, mastering the fee structure can help reduce logistics costs and improve transportation efficiency.
This paper delves into critical aspects of freight forwarding practice, including the significance of the Bill of Lading's declared value, the basis for cargo damage claims, the definition of non-containerized shipments, customs clearance procedures, the distinction between 'first release' and 'second release', the concepts of LCL consolidation and cooperative stuffing, and the division of responsibilities between buyers and sellers under DDU terms. It aims to provide practical guidance for professionals in the foreign trade industry, clarifying key operational procedures and liabilities.
The SWIFT code for FIRST SECURITY ISLAMI BANK PLC in Chittagong is FSEBBDDHJUB. It is important to verify its accuracy before use to ensure a smooth international remittance process, avoiding mistakes and additional charges.
This article analyzes the calculation rules and common pitfalls of 'volumetric weight' in international air freight. It offers practical money-saving strategies to help shippers reduce transportation costs by saving up to 30% on freight charges.
Pallet exchange fees are additional charges incurred in international logistics due to the failure to provide pallets. Understanding the reasons behind these fees and how to manage them can help optimize transportation costs and improve logistics efficiency.
This article analyzes various costs associated with LCL sea transport before arrival at port, including base freight, additional charges, and customs fees. It provides detailed accounting methods to assist companies in planning logistics costs effectively and avoiding overspending.
