New Code Enhances Safety in Crossborder Remittances

New Code Enhances Safety in Crossborder Remittances

This article provides a detailed introduction to the SWIFT code CDBLLYLT012 of the BANK OF COMMERCE AND DEVELOPMENT (L.J.S.C.). It explores the code's significance and application in cross-border remittances, emphasizing the importance of users verifying bank codes during international transfers to ensure fund security and transaction validity.

Transpacific Shipping Rates Drop but Stay Above 2022 Levels

Transpacific Shipping Rates Drop but Stay Above 2022 Levels

Although the trans-Pacific ocean freight container rates are on a downward trend, they remain approximately $1,000/FEU higher compared to the same period last year. The calm period after the Spring Festival has led to a price decline, and it is expected that as service models return to normal, contract rates will decrease.

02/27/2025 Logistics
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Key Steps for Secure SWIFT Transfers Using HASPDEHHWTS Code

Key Steps for Secure SWIFT Transfers Using HASPDEHHWTS Code

The SWIFT code for HAMBURGER SPARKASSE AG is HASPDEHHWTS, which is crucial for ensuring smooth international remittance transactions. Using the correct SWIFT code helps protect fund safety and avoids delays or losses in money transfers. It is essential to verify the validity of the SWIFT code and other information before making an international remittance.

Shipping Industry Urges Clarity on Standard Free Time Fees

Shipping Industry Urges Clarity on Standard Free Time Fees

Standard free time is a complimentary period offered by carriers, covering demurrage and detention charges. Exceeding this period incurs extra costs. Standard free time varies among carriers, so it's crucial to confirm the specifics in advance and plan pickup and return times accordingly to avoid unnecessary logistics costs. Proper planning helps minimize expenses associated with exceeding the allowed free time for container usage.