Reveal the exemption from value-added tax: tax incentives for international freight forwarding services!
27 May 2024
In the multi-process of international trade, tax handling is undoubtedly a complex issue that every enterprise must face. Especially the value-added tax policy involving international goods transportation agency services, it is directly related to the cost control and profit space of the enterprise. About the value-added tax policy of the service, especially whether it is suitable for customs, clearing customs, billing fees, check-in fees, terminal operating fees and so on.
Gross Weight error of international freight: Analysis of key points and compliance risks!
14 May 2024
When handling international freight, the accuracy of the gross weight is a very important aspect, as it is directly related to transportation costs, customs declarations, and possible compliance issues. The discrepancy between the gross weight on the booking and the gross weight on the commodity inspection is common, but there are several key points that need to be noted to avoid potential problems. 1. Ensure a Reasonable Margin of Error: Generally, the allowable margin of error...
Shipowner's bill of lading vs freight forwarder's bill of lading: understand the difference between the two to ensure trade security
8 May 2024
In international trade, the Bill of Lading (abbreviated B/L) as one of the important proofs of the transport contract, not only proves the shipment of the goods, but also proves the ownership of the goods. Learn the difference between the Master Bill of Lading (MB/L) and the House Bill of Lading (HB/L) to ensure the safety and accurate delivery of the goods.
How to save money on marine export insurance: seven tips to teach you how to buy insurance wisely!
26 April 2024
When conducting maritime exports, reducing insurance costs is the focus of many export companies. Maritime insurance, as an integral part of international trade, aims to ensure the safety of goods in the process of transportation and reduce the possible economic losses. However, insurance costs can also become one of the costs that need to carefully consider. How to ensure both the safety of goods and the ability to...
Operational processes and attentions of old rail freight transport
23 April 2024
Since its inception, the Central Railway has greatly facilitated the circulation of trade between the two countries, effectively reducing transport time and reducing freight costs. In order to ensure the efficiency and safety of the transport process, it is essential to understand the detailed operating process and attention matters. This article will analyze in depth the three aspects of preparation work, tracking inquiries, and overseas stacking/return box.
CIF Terms Revealed: Understand the Costs and Responsibilities of International Trade!
23 April 2024
CIF (Cost, Insurance, and Freight) is one of the most common trade terms in international trade and is part of the International Chamber of Commerce’s (ICC) General Terms of Interpretation of International Trade (Incoterms). Understanding and correctly applying CIF terms can not only guarantee the fairness of transactions, but also effectively prevent the possibility of commercial transactions.
Responsibility for transfer costs under the CIF clause
12 April 2024
In international trade, the CIF (Cost, Insurance, and Freight) clause stipulates that the seller must bear all costs and risks until the goods are delivered to the agreed destination port, including insurance fees and shipping fees in the process of transportation of goods. However, in accordance with the CIF clause, shipping costs, especially additional costs arising from specific circumstances, such as check fees, are often the responsibility.
Global supply chain crisis drives air freight market to grow against the trend
11 April 2024
At a time when the global supply chain is experiencing unprecedented challenges, the air transport market has met an unusually busy “out-of-season”. Usually, the air freight market is out-of-season at the beginning of each year and after the Lunar Spring Festival, but this year the situation is very different.
European Export 40 Meter High Cabinet Weight Limit Problems and Operating Recommendations
April 10, 2024
The weight limitation of the 40-foot (40HQ) cabin for exports to Europe is indeed a matter that needs to be carefully considered. The limits on the weight of goods will vary in different countries and regions due to different traffic regulations, road conditions and port facilities. Although shipping companies have clear regulations on the maximum load of containers, the country of destination needs to be considered when practically operating.
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