Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Deep Dive Into International Trade Terms Understanding The Importance Of Incoterms In Global Transactions

Incoterms® are standard terms used in international trade that define the obligations, costs, and risks associated with the delivery of goods for both sellers and buyers. This article provides an in-depth exploration of the current Incoterms® 2020 version, explaining its applicable terms and significance. Understanding these terms helps businesses conduct transactions efficiently and accurately in the international market.

07/24/2025 Logistics Encyclopedia
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China-russia Collaboration on Arctic Route Development: The 'golden Passage' for Future Maritime Trade

China-russia Collaboration on Arctic Route Development: The 'golden Passage' for Future Maritime Trade

China and Russia have initiated cooperation on the Arctic shipping route, marking the first mention of this topic in a joint communiqué. As global warming progresses, the Arctic route is becoming increasingly viable, with the potential to significantly alter the global maritime trade landscape by 2030. This route is referred to as the 'golden waterway,' as it can shorten trade distances between China and Europe while reducing transportation costs. The two nations have also agreed on collaboration for the construction of Zarubino Port, enhancing future shipping support.

07/21/2025 Logistics
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Shenyang-manzhouli Euro-asia Railway Express: An Efficient Logistics Channel Promoting China-europe Trade

Shenyang-manzhouli Euro-asia Railway Express: An Efficient Logistics Channel Promoting China-europe Trade

Since its inaugural run on October 30, the Shenman China-Europe Railway Express has established an efficient customs clearance model through collaboration with inspection and quarantine, customs, and railway departments, enhancing cargo circulation efficiency. The train operates weekly, delivering goods such as LCD televisions and automotive parts within a transit time of 15 to 18 days, facilitating smooth China-Europe trade and providing more development opportunities for businesses.

07/21/2025 Logistics
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The Importance of Destination Port Agent Information on Bills of Lading in International Trade

The Importance of Destination Port Agent Information on Bills of Lading in International Trade

This article discusses whether the information about the destination port agent must be displayed on the bill of lading. It emphasizes the role of this information in the customs clearance and document exchange processes, as well as potential differences among bills of lading from various shipping companies. The article analyzes the validity of customer requests to change bill of lading information and the associated cost responsibilities. It suggests providing support through communication to ensure smooth customs clearance.

07/28/2025 Logistics Encyclopedia
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Daysun Logistics Expands Bonded Zone Transit for Supply Chains

Daysun Logistics Expands Bonded Zone Transit for Supply Chains

Dashun Logistics introduces a new bonded zone international transit model, responding to policy initiatives and helping businesses navigate international supply chain challenges. Through flexible bonded warehousing, efficient customs clearance services, and various transit operation modes, Dashun Logistics provides customers with safe, efficient, and convenient international transit solutions, facilitating smooth global trade. This new model aims to optimize international logistics flows and reduce costs for businesses engaged in cross-border trade, making the process more streamlined and competitive.

07/25/2025 Logistics
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Guide to Export Tax Refunds for Businesses

Guide to Export Tax Refunds for Businesses

This article provides a detailed interpretation of the export tax rebate process for foreign trade, covering five key steps: online application for verification and write-off forms, IC card acquisition, verification and write-off form filing, customs declaration, and the tax rebate process itself. Furthermore, it introduces the calculation methods for export tax rebate amounts under various circumstances and lists the necessary business documents required, aiming to help foreign trade enterprises successfully obtain their tax rebates.

08/21/2025 Customs Knowledge
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Global Shipping Challenges Avoiding Freight Forwarding Pitfalls

Global Shipping Challenges Avoiding Freight Forwarding Pitfalls

This article delves into common issues and corresponding strategies within the foreign trade consolidation process, including delayed customs release, cargo dampness, and inconsistent freight forwarder service quality. It emphasizes the importance of real-time vessel tracking, enhanced cargo inspection, and selecting reputable freight forwarders. The aim is to help foreign trade companies mitigate consolidation risks and ensure cargo safety. By addressing these key areas, businesses can minimize potential disruptions and protect their valuable shipments throughout the entire shipping process.

08/22/2025 Logistics Encyclopedia
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Shipping Lines Face Rising Demurrage Fees Causes and Solutions

Shipping Lines Face Rising Demurrage Fees Causes and Solutions

This article provides a detailed overview of the reasons behind reshipment fees charged by shipping companies, identifies potential shipping companies that may levy these fees, outlines payment locations, and suggests effective strategies to avoid incurring them. The aim is to assist foreign trade enterprises in understanding and effectively addressing reshipment fee issues, thereby reducing export costs. It covers the origin, responsible parties, payment process, and preventative measures related to this fee within the context of foreign trade.

08/22/2025 Logistics Encyclopedia
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Guide to Container Essentials for Freight Forwarders

Guide to Container Essentials for Freight Forwarders

This article provides a comprehensive analysis of container knowledge in the field of foreign trade freight forwarding. It covers common container specifications, nicknames, weights, related terminology, and operational procedures. From dimensions and volumes to specialized terms, it helps you gain a deep understanding of the world of containers and enhance your professional capabilities in foreign trade freight forwarding. It aims to improve your understanding of container types, sizes, and the terminology used when dealing with containerized cargo.

08/22/2025 Logistics Encyclopedia
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Yangshan Port Implements Measures to Ease Customs Congestion

Yangshan Port Implements Measures to Ease Customs Congestion

This paper addresses the issue of customs clearance efficiency at Yangshan Port. It proposes suggestions such as announcing port entry plans in advance, optimizing data presentation, and strengthening information synchronization. These measures aim to solve pain points like port congestion and information delays, helping foreign trade companies improve logistics efficiency and seize market opportunities. The goal is to streamline processes and facilitate smoother operations for businesses relying on Yangshan Port for international trade, ultimately contributing to enhanced competitiveness.

08/22/2025 Logistics
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