This article discusses the importance of Incoterms® (International Commercial Terms) and the changes in its latest version, emphasizing the role of clearly defined responsibilities and cost allocation in international trade. It aims to help readers effectively reduce transaction risks and enhance the efficiency of cross-border transactions.
GPT-4 is an upgraded version of ChatGPT, capable of processing images and understanding information more accurately, resulting in better responses. Its application prospects are vast. In contrast, ChatGPT is limited to text and possesses weaker capabilities. GPT-4's enhanced understanding and image processing open up new possibilities compared to its predecessor.
This article details the significance of the CBP invoice from the U.S. Customs and Border Protection, covering additional duties and other fees. It introduces the new version of the CBP invoice and electronic inquiry methods, explaining its impact on importers and customs brokers. The article emphasizes the importance of timely financial management for smooth 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.
Lithium batteries are classified as dangerous goods (Class 9), and their ocean export requires adherence to specific procedures, including the provision of a Dangerous Goods Packing Certificate (DGPC). If the manufacturer cannot provide this certificate, freight forwarding companies can offer solutions. Booking should be prepared 10 days in advance, along with submission of the shipping order, English version of the MSDS, and DGPC.
This article provides a detailed guide to becoming a seller on Temu, Pinduoduo's overseas version. It offers step-by-step instructions, covering pre-registration preparation, account registration, entity information verification, store opening, and launch approval. Furthermore, it addresses post-launch operational strategies and frequently asked questions. This guide aims to help sellers successfully embark on their cross-border e-commerce journey with Temu.
The World Customs Organization (WCO) and the International Civil Aviation Organization (ICAO) jointly released a multilingual version of the 'Global Air Cargo' handbook to eliminate language barriers and enhance global air cargo security awareness. The handbook emphasizes multi-stakeholder collaboration, digital transformation, and high-risk goods management. It provides guidance for building a safer and more efficient global air cargo system.
The USTR announced a new fee policy for Chinese shipping starting in 2025, which includes charges based on the number of voyages to the U.S. and operational restrictions, aimed at addressing unfair trade practices. This policy revision is more moderate compared to the original version but will still impact the shipping market, and the varying fees faced by different carriers may lead to shifts in market dynamics.
Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.
With the assistance of the World Customs Organization (WCO), Comoros has upgraded its national commodity nomenclature to the HS 2012 version and signed the instrument of accession to the HS Convention. This aims to improve Comoros' trade efficiency, tariff revenue, and international image, bringing new opportunities for its economic development. Capacity building will follow to enhance customs officers' understanding and application of the HS.
