Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

Understanding COV Fees in Ocean Freight Forwarding: An Insight into Change of Vessel Fee

COV (Change of Vessel Fee) is a common charge in maritime freight forwarding, typically around 200 RMB per instance. This fee applies in cases where changes to the vessel are required due to customer reasons, helping to prevent empty cargo holds during voyages. Understanding the background and implications of change of vessel fees can assist customers in making more efficient arrangements for cargo transport and avoid unnecessary costs.

07/16/2025 Logistics Encyclopedia
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Los Angeles Port Faces Doubledigit Cargo Decline Amid Tariffs

Los Angeles Port Faces Doubledigit Cargo Decline Amid Tariffs

The Port of Los Angeles, the busiest import gateway in the US, anticipates a 10% drop in container volumes in the second half of the year. High inventory levels due to earlier front-loading, coupled with US tariffs increasing import prices, are forcing importers to alter procurement strategies. Larger companies are better equipped to adapt, while SMEs face challenges. Ultimately, tariff costs may be passed on to consumers. Businesses need to strengthen demand forecasting, diversify supply chains, and enhance technological innovation to navigate these changes.

01/08/2026 Logistics
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Mississippi River Drought Threatens US Supply Chains

Mississippi River Drought Threatens US Supply Chains

Drought conditions have lowered the Mississippi River to its lowest level in a decade, causing waterway closures, hundreds of stranded vessels, and hindered agricultural product transport, leading to soaring freight costs. Concurrently, US imports are projected to fall to a near two-year low, reflecting weakened demand and ongoing supply chain challenges. The combination of extreme weather events and slowing global demand is exacerbating economic uncertainty. The low water levels are severely impacting the ability to move goods along this vital waterway.

12/29/2025 Logistics
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Crossborder Trucking Costs Rise Between HCMC and Changsha

Crossborder Trucking Costs Rise Between HCMC and Changsha

This paper delves into the characteristics, freight rate influencing factors, and logistics service content of road transportation from Changsha to Ho Chi Minh City, providing a reference for companies engaged in cross-border transportation. It focuses on the impact of transportation distance, cargo type, time, season, fuel prices, customs clearance fees, and market competition on freight rates. The paper also emphasizes the factors to consider when selecting a logistics service provider, including qualifications, experience, service scope, price, and insurance coverage, offering guidance for informed decision-making.

08/21/2025 Logistics
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Vietnams Ecommerce Growth Lures Crossborder Sellers

Vietnams Ecommerce Growth Lures Crossborder Sellers

This article provides an in-depth analysis of the Vietnamese e-commerce market, revealing its high-growth potential and underlying reasons. It comprehensively reviews major e-commerce platforms such as Shopee, Lazada, and Tiki. The article also analyzes best-selling product categories in the Vietnamese market and highlights challenges related to logistics, payment methods, and language. This serves as a comprehensive guide for cross-border e-commerce sellers looking to capitalize on the Vietnamese market.

12/31/2025 Logistics Industry Insights
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Guide to Safe LCL Sea Freight of Cresol to Busan

Guide to Safe LCL Sea Freight of Cresol to Busan

This article provides a detailed explanation of the Less than Container Load (LCL) sea freight export process and precautions for Cresol (UN2076, CLASS 6.1) to Busan, South Korea. It covers key steps such as booking information preparation, warehouse entry procedures, customs declaration deadline, and Bill of Lading issuance. The aim is to assist foreign trade companies in successfully completing dangerous goods export operations. It emphasizes the importance of adhering to regulations and proper documentation for a smooth and compliant shipment.

05/21/2025 Logistics Encyclopedia
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Shippers Face Rising Container Repair Costs Mitigation Tips

Shippers Face Rising Container Repair Costs Mitigation Tips

This article highlights the importance of purchasing the "Container Unlimited Guarantee" service, aiming to help cargo owners avoid the risk of excessive repair costs due to container damage. It is recommended to purchase this service when booking ocean freight, and no later than 10 days before the estimated arrival date, to ensure full cargo protection and avoid additional financial losses. This guarantee mitigates risks associated with container damage during transit, offering peace of mind and financial security to shippers.

09/28/2025 Logistics Encyclopedia
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Global Ocean Freight Transit Times Key Insights

Global Ocean Freight Transit Times Key Insights

Anxious about slow international sea freight transit times? This article provides an in-depth analysis of international sea freight transit times, covering mainstream route durations, key influencing factors, and planning recommendations. It helps you accurately control your cargo transportation cycle, eliminate blind waiting, and gain a market advantage. Learn about factors affecting transit times, such as port congestion, weather conditions, and customs clearance. Plan your shipments strategically to optimize your supply chain and meet customer expectations. Understand the nuances of international sea freight and make informed decisions.

11/03/2025 Logistics Encyclopedia
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Freight Rates Soar Unprecedented Increase on Asia-europe Routes

Freight Rates Soar Unprecedented Increase on Asia-europe Routes

Recent data shows that container freight rates from Shanghai to Europe and the Mediterranean rose by 27.2% and 23.5% within a week, with increases of 170% and 203% compared to the same period last year. The box shortage and demand recovery are the main driving factors, which may impact the global trade landscape in the future.

07/23/2025 Logistics
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