Ocean Freight Industry Grapples With Detention Demurrage Costs

Ocean Freight Industry Grapples With Detention Demurrage Costs

In ocean freight exports, detention and demurrage charges are common additional expenses. This article analyzes the difference between these two fees: detention charges apply to exceeding the container's free use period, while demurrage charges apply to exceeding the cargo's free storage period at the terminal. Understanding their respective free time allowances and charging standards can help foreign trade companies effectively control logistics costs. Knowing how these fees are calculated and when they apply is crucial for minimizing unexpected expenses and optimizing supply chain efficiency.

08/22/2025 Logistics Encyclopedia
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Guide to Safe LCL Shipping of Hazardous Goods to Busan Incheon

Guide to Safe LCL Shipping of Hazardous Goods to Busan Incheon

This article provides a detailed guide to LCL (Less than Container Load) dangerous goods exports to Busan and Incheon, South Korea. It covers crucial considerations such as shipping line and terminal requirements, dangerous goods compatibility, and acceptable classes for LCL (Class 3, 4.1, 6, 8, and 9). The guide also highlights operational details like palletization and volume calculation. It emphasizes the importance of selecting a professional freight forwarder to ensure the safe and efficient execution of your dangerous goods LCL export, helping you navigate the complexities involved.

03/14/2024 Logistics Encyclopedia
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US Trade Deficit Widens Amid Tariff Disputes Weak Investment

US Trade Deficit Widens Amid Tariff Disputes Weak Investment

Bloomberg predicts the US trade deficit will hit a record high in May, with the total deficit for the first five months far exceeding levels during the pandemic. A surge in exports from several Asian countries to the US is potentially linked to the temporary expiration of US 'reciprocal tariffs.' Uncertainty surrounding tariff policies has led to a decline in foreign investment inflows into the US. Economists warn this could hinder economic growth. The US needs to carefully consider its tariff policies and strengthen international cooperation to mitigate potential negative consequences.

11/03/2025 Logistics Industry Insights
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Dongguans Foreign Trade Jumps in Early 2025

Dongguans Foreign Trade Jumps in Early 2025

In the first two months of 2025, Dongguan's total foreign trade import and export value increased by 21.7% year-on-year, reaching 228.38 billion yuan. Import and export to ASEAN saw significant growth. Private enterprises were the main driving force behind the increase, with general trade accounting for more than half. Exports of high-tech products led the way, while traditional industries also maintained growth. This strong start for Dongguan's foreign trade is driven by both internal and external factors, indicating a positive trend in economic transformation and upgrading.

11/03/2025 Logistics Industry Insights
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LCL Lithium Battery Shipments Require Dangerous Goods Certificates

LCL Lithium Battery Shipments Require Dangerous Goods Certificates

This article provides a detailed interpretation of whether a Dangerous Goods Packing Certificate (DG Packing Certificate) is required for the LCL (Less than Container Load) sea freight export of Class 9 dangerous goods lithium batteries. It elaborates on key aspects such as booking documents, warehouse entry requirements, customs declaration procedures, and bill of lading issuance for lithium battery sea freight exports. The article emphasizes the importance of the DG Packing Certificate and reminds readers to pay attention to the differing requirements of various countries and regions. It serves as a practical guide for navigating the complexities of lithium battery LCL sea shipments.

03/12/2024 Logistics Encyclopedia
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HS Code 5901901000 Tax Rates Impact Global Trade

HS Code 5901901000 Tax Rates Impact Global Trade

The HS code 5901901000 refers to oil painting canvases made from other textiles, with an export tax rate of 0%. This supports art trade, while both the value-added tax and export rebate are 13%. This code falls under the category of textile materials and products, contributing to the development of the art market.

08/05/2025 HS Code Query
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Global Supply Chains Diversify As Firms Reduce Reliance on China

Global Supply Chains Diversify As Firms Reduce Reliance on China

Global supply chains are undergoing a significant reshaping. Key trends include evolving labor costs, manufacturing reshoring initiatives, the lingering impacts of the pandemic, fluctuations in semiconductor imports, the decline of the textile industry, and shifts in import patterns. Businesses must carefully evaluate these factors and develop personalized supply chain strategies to navigate future challenges and ensure resilience. This requires a proactive approach to risk management and a willingness to adapt to the dynamic global landscape.

11/03/2025 Logistics Industry Insights
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Jellyfish Export Tax Rates and Declaration Rules Explained

Jellyfish Export Tax Rates and Declaration Rules Explained

This article delves into the HS code 0308301900 for live, fresh, or frozen jellyfish, providing detailed information on tax rates, declaration elements, and regulatory conditions. It also discusses the agreed tax rates in the international market, offering a comprehensive guide for the export of jellyfish products.

08/08/2025 HS Code Query
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HS Code 54 Key for Exporting Woven Fabrics

HS Code 54 Key for Exporting Woven Fabrics

This article provides an in-depth analysis of the product information within the HS Code 54 series, covering dyed, yarn-dyed, printed, and unbleached synthetic filament woven fabrics blended with cotton. It explores their applications and export tax rebate policies, helping businesses enhance their competitiveness.

08/05/2025 HS Code Query
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