Global Shipping Industry Faces Complex Booking Challenges

Global Shipping Industry Faces Complex Booking Challenges

This article delves into the differences and relationship between Booking and Shipping Order (S/O) in international shipping. Booking is a request for space on a vessel, while S/O is the loading instruction issued after a successful booking. The S/O serves as the document for container pickup, customs declaration, and vessel loading. Without a confirmed booking, there is no S/O. Understanding the connection between these two is crucial for ensuring smooth and successful cargo shipment. It's the key to avoid potential delays and ensure cargo arrives on time.

02/05/2026 Logistics Encyclopedia
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WTO Explores Streamlining Trade Under GATT Rules

WTO Explores Streamlining Trade Under GATT Rules

This paper analyzes several measures proposed by the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu to improve the implementation of GATT Articles VIII and X, including advance clearance, risk management, express clearance, advance tariff classification rulings, and single window services. Combining international practices and expert opinions, it assesses the feasibility and potential impact of these measures. The study offers further recommendations aimed at promoting trade facilitation, enhancing customs efficiency, and reducing operational costs for businesses. The goal is to streamline processes and improve overall trade competitiveness.

02/05/2026 Customs Knowledge
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EU and Taiwan Advocate Ending Preshipment Inspections to Ease Trade

EU and Taiwan Advocate Ending Preshipment Inspections to Ease Trade

The EU and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu submitted a proposal to the WTO advocating for the phased elimination of pre-shipment inspection (PSI) by all members to facilitate trade. The proposal outlines differentiated timelines for members based on their development levels, emphasizing transitional arrangements and technical assistance. Eliminating PSI is expected to reduce trade costs and improve efficiency. However, it also highlights the importance of customs capacity building and risk management to ensure smooth trade flows and prevent potential abuses after PSI removal.

02/05/2026 Customs Knowledge
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Trade Facilitation Agreement Accelerates Global Business Compliance

Trade Facilitation Agreement Accelerates Global Business Compliance

This paper provides an in-depth analysis of the latest developments in the World Trade Organization's Trade Facilitation Agreement (TFA), with a focus on the compliance of developing and least developed country members. It covers key information such as compliance commitments, categorization adjustments, technical assistance, and implementation dates. The aim is to help businesses understand the opportunities and potential risks associated with the TFA, and to offer practical advice to help them succeed in international trade. The paper provides insights for businesses to navigate the complexities and leverage the benefits of trade facilitation measures.

02/05/2026 Customs Knowledge
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Global Trade Guide Key Insights on Logistics Insurance

Global Trade Guide Key Insights on Logistics Insurance

This article provides a comprehensive guide to international logistics insurance for foreign trade beginners, covering insurance type selection, application process, and claim essentials. It emphasizes the core role of insurance in mitigating foreign trade risks. Detailed analysis of common insurance types such as Free From Particular Average (FPA), With Average (WA), and All Risks, as well as the “Warehouse to Warehouse” clause, helps companies conduct international trade steadily. The guide aims to empower businesses to navigate the complexities of international shipping and safeguard their goods against potential losses.

02/06/2026 Logistics Encyclopedia
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Global Shipping Rates Surge Amid 2021 Supply Chain Crisis

Global Shipping Rates Surge Amid 2021 Supply Chain Crisis

This paper delves into the underlying causes of the surge in sea freight rates in 2021, including supply-demand imbalances, capacity bottlenecks, and port congestion exacerbated by the pandemic. It analyzes the challenges and opportunities for Chinese import and export enterprises. Furthermore, the paper forecasts future trends in sea freight rates and proposes corresponding strategies for businesses. The aim is to provide a reference for companies to make informed decisions in the complex and volatile sea freight market, helping them navigate the challenges and capitalize on potential opportunities.

02/06/2026 Logistics
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Yiwu Container Shortage Highlights Crossborder Trade Risks

Yiwu Container Shortage Highlights Crossborder Trade Risks

The Yiwu container 'disappearance' case highlights the hidden risks in cross-border trade. Fraudsters used a 'long-term bait' strategy, gaining merchants' trust before absconding with the money. This article emphasizes the importance of risk control in cross-border trade, proposing measures such as strengthening customer credit checks and adhering to 'payment before delivery'. It calls on industry associations to improve the integrity system and jointly build a safe and reliable cross-border trade environment. Proactive risk management is crucial for mitigating potential losses and ensuring the sustainability of international trade operations.

02/12/2026 Logistics Industry Insights
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Wildberries Gains As Ozon Struggles in Russias Ecommerce Shift

Wildberries Gains As Ozon Struggles in Russias Ecommerce Shift

The Russian e-commerce market is undergoing significant changes. Ozon is experiencing a decline, while Wildberries is seeing a surge in growth. Yandex is also entering the market. The industry faces challenges related to sustainable development. The Chinese market is becoming increasingly important for Russian e-commerce players, offering potential opportunities for growth and expansion. The shift in market share and the emergence of new players highlight the dynamic nature of the Russian e-commerce landscape and the need for businesses to adapt to changing consumer preferences and market conditions.

02/12/2026 Logistics Industry Insights
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South African Rands Strength Lures Chinese Investors

South African Rands Strength Lures Chinese Investors

The Rand is projected to perform strongly in 2025, breaking through key psychological barriers and signaling positive momentum for the South African economy. Multiple favorable factors are driving the Rand's appreciation, but structural issues require attention. Looking ahead to 2026, the overall outlook for the Rand is optimistic, with potential benefits from expected Federal Reserve interest rate cuts. For Chinese companies planning to expand trade and investment in Africa, exchange rate stability and predictability are crucial. They should seize opportunities to expand their businesses and achieve mutual benefits.

02/12/2026 Exchange Rate Query
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Asiapacific Customs Adopt Digital Tools Under WCO Guidance

Asiapacific Customs Adopt Digital Tools Under WCO Guidance

The WCO Asia-Pacific region launched a workshop on sharing experiences with disruptive technologies, focusing on the application of technologies such as blockchain, AI, and IoT in the customs field. Discussions covered public-private partnerships, data pipelines, and risk management, while emphasizing the role of international standards in achieving interoperability and paperless trade. The workshop provided valuable recommendations for the digital transformation of Asia-Pacific customs, aiming to build a secure, efficient, and intelligent global trade ecosystem. It highlighted the potential of these technologies to revolutionize customs operations and facilitate trade.

02/12/2026 Customs Knowledge
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