/ By tjchinafreight ivy / Shipping

4 time limits for foreign trade export tax rebate

Export enterprises should pay special attention to the declaration procedures and the concept of time when handling export tax rebates to avoid losses. When exporting tax rebates, export enterprises should pay attention to the following four time limits:

One is "30 days"

After foreign trade enterprises purchase import and export goods, they should promptly obtain special VAT invoices or ordinary invoices from the supplying enterprises, which are VAT invoices for anti-counterfeiting tax and tax control, and must go through the certification procedures within 30 days from the date of invoicing.

The second is "90 days"

Foreign trade enterprises must go through the export tax rebate declaration procedures within 90 days from the date of export declaration of goods, and production enterprises must go through tax exemption and deduction declaration procedures within three months from the date of declaration of goods for export.

The third is "180 days"

Export enterprises must provide the local competent tax refund department with the verification form of export foreign exchange receipts (except for forward foreign exchange receipts) within 180 days from the date of export declaration.

The fourth is "3 months"

If the paper tax refund certificate for export goods of an export enterprise is missing or the contents are incorrectly filled in, and it can be reissued or changed according to relevant regulations, the export enterprise may apply to the tax refund department for an extension of the declaration of tax refund (exemption) for export goods within the declaration period. , the application can be extended for 3 months.

Tax classification and attached materials of tax refund (exemption) for export goods

According to the current tax system, the two types of tax refund (exemption) for export goods in my country are value-added tax and consumption tax within the scope of turnover tax (also known as indirect tax).
The tax refund (exemption) for export goods is the value-added tax and consumption tax that have been paid in all aspects of domestic production and circulation of export goods.

Keywords: turnover tax

It generally refers to the so-called tax on items characterized by commodities. As far as my country's current tax system is concerned, turnover tax includes value-added tax, business tax, consumption tax, land value-added tax, customs duties and some local industrial and commercial taxes.

Materials for export tax rebate:

1. Customs declaration. The customs declaration form is a document filled in by the import and export enterprise to go through the declaration procedures to the customs when the goods are imported or exported, so that the customs can check and release the goods based on this.
2. Export sales invoice. This is the document filled out by the export enterprise according to the sales contract signed with the export buyer. It is the main document for foreign purchases, and it is also the basis for the accounting department of the export enterprise to record the sales revenue of export products.
3. Purchase invoice. The main purpose of providing purchase invoices is to determine the supplier, product name, measurement unit, and quantity of export products, whether it is the sales price of the manufacturer, so as to divide and calculate the purchase cost.
4. Foreign exchange settlement bill or foreign exchange receipt notice.
5. For the self-made products directly exported or entrusted to export by the manufacturer, if the settlement is based on the CIF price, the export cargo waybill and export insurance policy should also be attached.
6. Contract Information. Enterprises that have the business of processing re-exported products with imported materials shall also submit the contract number, date, name and quantity of imported materials and parts, name of re-exported products, cost of imported materials and various taxes paid to the tax authorities. amount, etc.
7. Product tax certificate.
8. Proof that the export proceeds have been written off.
9. Other materials related to export tax rebates.

General trade export goods tax refund method

At present, the tax refund methods for foreign-invested enterprises export goods include "first levy and then refund" and "exemption, credit, and refund" tax.

"Tax first and then refund" means that the goods exported by production enterprises by themselves or by entrusted agents shall be taxed at the tax rate stipulated in the Interim Value-Added Tax Regulations, and then the tax authorities in charge of export tax rebates shall conduct tax rebates within the national export tax rebate plan. Approval of tax refund according to the specified tax refund rate.

Tax basis

The tax refund amount shall be calculated according to the FOB price of the current export goods multiplied by the exchange rate in RMB.

"FOB" (written as FOB price in English) is the FOB price at the port of shipment, but this FOB price is a symbolic price, that is, the seller will hand over the necessary shipping documents to the buyer to collect the payment according to the contract, and the risks of the buyer and the seller are divided. All are limited by the loading of goods on the ship. Therefore, the FOB price is for the buyer to be responsible for chartering and booking space, and to apply for insurance to pay the transportation and insurance premiums.

Start your journey and see more shipping services.

/ By tjchinafreight ivy / Shipping

The container shipping market is in short supply, and the price of second-hand ships has skyrocketed

Since the outbreak of the epidemic, the supply and demand of the container shipping market has been unbalanced, and the freight rate has skyrocketed. Shipping companies that are "not worried about money" have bought and leased them. The amount of scrap is almost zero.

According to Alphaliner data, container lines have gone on a spree to acquire more than 500 container ships in the second-hand ship market in the past 18 months. Among them, Mediterranean Shipping was the largest buyer, purchasing a total of 169 second-hand ships with a total capacity of 636,900 TEU; followed by CMA CGM, which purchased 62 ships with a total capacity of 207,000 TEU. Maersk Line only ranked third, purchasing 27 ships of 141,600 TEU. The fourth is Wan Hai Shipping, which purchased 23 ships of 139,700 TEU.

ALphaliner pointed out that at the beginning of the market recovery, the price of second-hand ships was still at a low level, which made it a better choice for container shipping companies to buy and lease. At the same time, many small non-operating ship owners (NOO) are struggling on the brink of bankruptcy due to years of low rental income, and it is difficult to resist the high prices offered by container shipping companies.

Currently in the second-hand ship market, container ship prices have soared to record highs. The hot sale situation has also made the scrapping of container ships almost zero, and the capacity in the charter market has plummeted by 1.6 million TEU.

At the same time, orders for new container ships also hit a record high last year. Clarkson's data shows that in 2021, the order volume of container ships will reach 569 ships of 4.3 million TEU, and the contract value is as high as 42.8 billion US dollars. This order level is even 29% higher than the previous record level of 3.3 million TEU in 2007. 3.5 times the average order volume in the 10 years ending in 2020.

Since 2022, there have been 124 new orders in the container ship market, with a total capacity of about 857,600 TEU. It is estimated that the order volume of container ships will remain at a high level after 2022.

/ By tjchinafreight ivy / Shipping

Export documentary collection

What is it?

The exporter (a client of UniCredit Bulbank) ships the goods to the buyer and presents the bank with documents related to the goods and their shipment, such as commercial invoices, bills of lading, cargo insurance, etc., with collection instructions. In the collection instruction, the exporter identifies the foreign buyer (payer), full details of the buyer's bank (collecting bank), a brief description and value of the exported goods, a full description and value of the type and number of documents submitted, and Conditions for handing over documents to the drawee.

UCB processes the documents and forwards them to the collecting bank, usually the buyer's bank, for processing and delivery to the buyer in accordance with the collection instructions. As instructed, the collecting or presenting bank releases the documents to the payer after paying the value of the documents, or according to a written commitment to accept/pay when due, or not to pay.

Under export documentary collection, the bank only receives and transmits documents according to the exporter's instructions on how to handle the documents, without any payment obligation to the exporter. Payment for documents sent on a collection basis depends solely on the goodwill and creditworthiness of the buyer.

A step-by-step guide to understanding export documentary collections

Broadly speaking, from your (as the exporter) perspective, the export documentary collection process can be broken down into five steps:

1. Terms and Conditions:

You and your importer agree to terms of transaction and payment, including the use of export documentary collections. At this point, you should also negotiate whether:

Acceptance Document (DA) – Once the importer agrees to pay later, a document related to the sale of the goods will be provided.
Payment Document (DP) – Once payment is made and finalized, the importer will get the document.

2. Shipment and receipt of documents:

You ship the goods and receive documentation from the carrier or freight forwarder that the shipment has occurred.

3. Submit documents to the bank:

First, fill out the export documentary collection application form and the draft. Next, submit these documents along with your shipping documents to OCBC, which is also known as the remittance bank during the process. Your remittance bank will then proceed to:

Forward these documents to your importer's bank, the collecting bank.
The collecting bank will then notify your importer that the documents have arrived and will release the documents when the payment terms are met (this depends on whether your payment term is DA or DP, as described in step 1 above).

4. Receive payment from importer and own the goods:

Importers will pay their bank and obtain documentation via DA or DP (as above).

5. Payment receipt from OCBC Bank to exporter:

OCBC Bank will deposit funds into your account immediately upon receipt of funds from the importer's bank (in the case of DP) or on the scheduled date when the draft has been accepted (in the case of DA).

Key point

D/C is less complex and less expensive than LC.
Under a D/C transaction, the importer is not obligated to pay for the goods before shipment.
If properly structured, the exporter will retain control of the goods until the importer pays the draft amount at sight or accepts the draft to meet the legal obligation to pay at a later date specified.
Although sea transportation can control the goods, it is more difficult to control air and land transportation. Foreign buyers can receive the goods with or without payment, unless the exporter hires an agent in the importing country to pick up the goods until the goods arrive for payment.
The exporter's bank (the remittance bank) and the importer's bank (the receiving bank) play a vital role in the letter of credit.
Although banks control the flow of documents, they neither verify documents nor take any risk. However, they can affect the mutually satisfactory settlement of D/C transactions.

/ By tjchinafreight ivy / Shipping

Easily handle international returns

If you sell online, you will inevitably be rewarded. While many online sellers see international sales as a one-way ticket to business growth, few seem to think about international returns.
While cross-border trade is a key focus for online retailers looking to expand sales, it also faces challenges. Specifically, one of the main reasons small and midsize companies shy away from international sales is the fear of returns.
That said, the process is getting easier as governments and postal service operators work together to optimize cross-border e-commerce deliveries and returns.

Take care of taxes and duties

One of the biggest challenges mentioned by small businesses when dealing with international returns is managing taxes and duties. This is because different countries—even states, provinces, republics, and territories—have unique tax laws. Failure to properly calculate taxes can result in delayed shipments, or worse, forfeitures.
In some cases, taxation can be a simple process. For example, there are no taxes or duties on items under $40 shipped from the U.S. to Canada. Others may be more complex and the tools available are invaluable for estimating these potential costs.

Why are products being returned?

A lower rate of return means more profit and more satisfied customers. That's why it's important to find out why a product was returned. Here are some common reasons:

  • Customer receives wrong product or wrong size
  • Product does not match product description
  • Damage to the customer when the order arrives

Of course, the reasons may vary depending on what you sell, your industry, and many other factors.

5 Tips for Handling International Returns

1. Let your customers choose how to return

The first and easiest option for you is to leave the return method to your customers. The only thing that is fixed is the address your client has to send to (that is, your address).
Your customers choose which carrier to ship with and which delivery point to ship the package to. However, this is the least customer friendly solution, so it may cost you switching costs in international online stores.
The advantage is that once you receive the product, you can evaluate it yourself and add it back to your inventory faster.
As an online retailer, you are not reimbursed for returns.
However, if the customer returns their entire order (within the EU), you will have to reimburse the outbound shipping. In addition to that, you can choose whether to let your customers pay for returns. You can make this return method more customer-friendly.
But how?
Extend the return period. Your customers will then become attached to the product or care less about it. This also reduces the chance of returns.

2. Arrangements with International Carriers

If you're shipping a lot, including returns, you can make a lot of deals with international carriers.
A good example is fashion chain Zalando, which has a partnership with DHL for both shipping and returns. By making a custom arrangement with a carrier, you can often not only discuss lower rates, but also get more services from the carrier, such as pickups and returns.
Furthermore, with Sendcloud you can offer multiple shipping methods and optimal integration with local and international carriers. In this way, you can provide a more efficient and budget-friendly return process.

3. Subtly offset return costs for your customers

Our research shows that 74% of European consumers would not reorder from an online store if they had to pay for the return themselves. 77% agree that free returns are more convincing to order from online stores more frequently.
However, if you don't want to incur the return costs yourself but still want some form of service, you have another option. You can add a return label to your order and deduct the return fee from your order refund. This method is allowed since you do not need to be reimbursed for returns.
This is great for customers because they don't have to pay immediately when they return the package. This eases the pain of returns, especially the cost of returns.
More importantly, it makes returns a little easier. 37% of European consumers say they would reorder from an online store if they were offered a quick and easy return process.
So it's also in your favor: your customers will come back to you faster thanks to your easy return policy.

4. Outsource international returns to a local party

Have you ever thought about processing returns through your local party? By doing this, you allow customers to return their products to the party you are working with in the country of sale.
This party specialises in handling consignment/returns and therefore ensures that processes, including administration, run as efficiently as possible.
When there are many packages, the parties can return to your warehouse in large quantities, which is cost-effective. Working in this way also allows you to pay back your customers faster, as the product can be received and evaluated faster locally.
This option is relatively expensive because you are doing external collaboration. However, if you receive a lot of returns (like fashion), it can help you save as much as possible.
Create clear protocols and ensure good connections between your online store, inventory and external parties. When you receive a return notification for a product, you can immediately refund the customer or ship a new product, even before your warehouse receives the order.

5. Easily process returns for you and your customers

Would you rather take your online store's returns process into your own hands?
Then use smart solutions to process returns more efficiently. With the Sendcloud returns portal, you can provide your customers with a simple and smooth returns process.
You can offer other refund options and let your customers decide how to return them using flexible returns.

/ By tjchinafreight ivy / Cargo • Shipping

Konecranes-Cargotec merger cancelled as UK CMA blocks deal

According to a final report by the UK's Competition and Markets Authority (CMA) on March 29, the remedy - which would eliminate all overlapping operations of the two companies and be accepted by the European Commission (EC) - will not effectively address the Cargotec & Konecranes board of directors The CMA's concerns and the planned merger between Konecranes and Cargotec could not be completed, the statement wrote. Previously, the merger plan has been approved by China's State Administration for Market Regulation and nine other major regulators, as well as conditional approval from the European Union.

The CMA found that "the expected merger between Cargotec Corporation and Konecranes Plc is likely to result in a significant reduction in competition as
Consequences of horizontal unilateral effects in the supply of the following types of equipment in Europe (including the United Kingdom (Europe)):

(a) Rubber Tyred Gantry Cranes (RTGs);
(b) Automatic Stacking Cranes (ASC);
(c) Shuttle Cars (ShC) and Straddle Carriers (SC);
(d) Empty Container Handlers (ECH);
(e) Heavy Duty Forklifts (HDFLTs);
(f) Reach Stackers (RS); and
(g) Automated Terminal Tractor (ATT).”

According to the CMA's final report, the remedies that would eliminate all overlapping operations of the two companies and accepted by the European Commission would not effectively address the CMA's concerns, so the planned merger between Cargotec and Konecranes could not be completed.
Completion of the planned merger requires approval from all relevant competition authorities, the companies said in a joint statement.

"As a result, Cargotec and Konecranes have decided today to cancel the planned merger," the director said.

Konecranes and Cargotec have the same origin. When the Finnish company KONE (KONE) underwent a large-scale reorganization in 1994, Konecranes was split into an independent company. In 2005, KONE was split into Cargotec and ( new) KONE two public companies. The merger will bring Konecranes back to the arms of Finland's wealthiest family, the Herlins, in a deal potentially worth up to 4.5 billion euros.
The two giants who share the same business are the leaders in the port machinery industry. If the two merge, they will have little impact on the market share in the field of quay cranes, but they will have a market share in tire cranes, automated tire cranes, and automated rail cranes. The rate will be in the leading position in the industry, the market share in the field of straddle carriers will reach almost 100%, and it will also become the world's first in the field of port handling equipment such as reach stackers and stackers.

Konecranes Chairman Christoph Vitzthum said: "As planned and announced on October 1, 2020, the combination of Konecranes and Cargotec will create a company that is greater than the sum of its parts.

"The merger control process was extensive and the investigation was thorough, and the Konecranes board is disappointed that the remedial package offered has not met all regulators' concerns.
“At the same time, we believe that further remedies are not in the best interests of Konecranes shareholders, as they would alter the strategic rationale of the transaction. Konecranes will continue to advance its strategy and pursue its value creation potential on an independent basis.

Ilkka Herlin, Chairman of Cargotec, commented: "The Board of Cargotec believes that the merger will create considerable value for the entire industry as well as shareholders by improving sustainable logistics. The merger will create a strong European company that will accelerate without compromising competition. Share innovation capabilities.
"We have done everything possible to achieve the merger and are disappointed to have to abandon our plans. After a long and extensive regulatory review process and preparation of the merger plan, it is time to shift our full focus to executing Cargotec's own strategy and creating value opportunity."

On March 29, 2022, the two companies announced that the CMA believes that the remedies will not address monopoly concerns and prevent the merger. Konecranes and Cargotec believe that there is no solution that simultaneously addresses the concerns of the CMA, is in the best interests of both companies and the combined company, and does not compromise the original intent of the merger, which requires approval from all relevant regulatory agencies. The company decided to cancel the merger plan. Both parties believe that the cancellation of the merger is in the best interests of their respective companies and shareholders, and will continue to operate independently and execute their own strategies. As of the end of 2021, Konecranes and Cargotec have included 56 million euros and 57 million euros in the related transaction and planning integration costs of the merger, respectively. The total transaction cost of 125 million euros is still valid. The two parties will follow up when appropriate. Report final transaction costs.

/ By tjchinafreight ivy / Shipping

How to Ship Dangerous Goods?

No matter what industry you're in, chances are you'll find yourself shipping something that's classified as a hazardous material. Many products contain elements that can be dangerous if mishandled, and such products are required by law to be transported in a certain way.

But how do you know if these requirements apply to you? What qualifies as a hazardous substance? If you found yourself needing to ship anything, how would you pack and ship them? In this Hazardous Logistics Safety Guide, we provide answers to these questions and some tips for shipping dangerous goods.

Some of the most important safety tips to follow.

1. Get proper training
The Transportation of Dangerous Goods (TDG) Act and Regulations deal with the handling and transportation of dangerous goods, whether by road, air, rail or water. It consists of various elements, focusing on aspects such as the composition of dangerous goods, preparation of relevant documentation, reporting of incidents and incidents, and training required for contacts. A company's first priority should be to ensure that anyone involved in the transport of dangerous goods has the correct training and is kept up to date with that training. There are courses specifically designed to train personnel to handle and transport dangerous goods, but laws may vary by region, so check government advice and local regulations to ensure your employees are properly trained in advance. The TDG certificate is generally valid for 3 years, after which retraining is required. Anyone handling unlicensed dangerous goods must be supervised by a witness.

2. Correctly classify dangerous goods
Dangerous goods is an umbrella term covering many different materials and substances. It is important to remember that not all dangerous goods are created equal, and they should be handled and transported in a manner appropriate to the particular type of hazard. TDG divides different types of dangerous goods into 9 categories. these are:

  • Class 1: Explosives
  • Class 2: Gases
  • Class 3: Flammable Liquids
  • Class 4: Flammable solids; substances liable to spontaneous combustion; substances which, in contact with water, emit flammable gases (water-reactive substances)
  • Class 5: Oxidizing Substances and Organic Peroxides
  • Class 6: Toxic and Infectious Substances
  • Class 7: Radioactive material
  • Class 8: Corrosives
  • Class 9: Miscellaneous products, substances or organisms (including environmentally hazardous substances)

3. Contact your shipper in advance
Different shipping companies may have different requirements and restrictions when it comes to shipping dangerous goods. The TDG outlines the minimum requirements expected by the legislation, but different shipping lines may take other steps. Therefore, it is always recommended that you contact your shipper beforehand to check the details of how your shipment should be prepared for shipping.

4. Make sure your shipment is properly packaged and labeled
Ensuring that shipments are properly packaged and labelled is absolutely critical. Before attempting packaging or labeling, you should take the time to research the various requirements for the specific hazmat you are shipping. Companies shipping in and out of Canada should ensure that labels comply with the Globally Harmonized System of Classification and Labeling of Chemicals (GHS), an international standard that has been adopted by countries around the world.

How should you package hazardous materials?

Given the wide variety of items that can be considered dangerous, you may find that you sometimes need to ship items in one of the above categories. Even if it's not as dangerous as an explosive, it could still be something like perfume or matches.

What should you do when this happens? How should you wrap it? Here are some basics on how to transport dangerous products.

Safe packaging
A good start is to pack all materials as safely as possible. By locking them as securely as you can, you can minimize the risk of any adverse events. For example, with aerosol cans, you should put lids on and wrap them in bubble wrap or other similar material to keep them from rolling.

Take a similar approach with other hazardous materials, storing them safely with plenty of filling so they get as little jostling and nudge as possible during transport. Also, be careful not to pack incompatible items together, such as explosives and oxidizing substances.

In extreme cases, like nuclear or radioactive waste, the material must be stored in a special type of container designed for the substance, like the familiar yellow drums in various movie images. Hopefully most of your materials will be more common and can be packaged in standard boxes and containers. But they still need to be safe, so make sure they are safe!

Label container
After loading materials into containers, be sure to properly label those containers. You'll want to do everything you can to help supply chain workers understand their content. Use appropriate hazmat stickers on the outside of the container. However, try to keep the number of tags out there so as not to distract anyone with too much information.

In addition to marking what the materials are and the hazards they pose, mark how they should be handled. Make sure the shipper knows what to do with them, either through actions such as marking the container "this side up" or by communicating directly with the shipper.

Record everything
In a similar fashion, record everything about the process. Document everything you ship for yourself and the shipper. Document the materials shipped and how they are packaged and labeled. The more information you keep track of, the easier it is for you to deal with anything that might go wrong. In any case, some documents may be required by law, but even if not, you still need to document everything that happens in the process.

Track your package
It is also important to keep track of the materials you ship. At the very least, take advantage of tracking tags so you can track the progress of materials as they stop and keep track of where they are. Even better, you can use a GPS tracker, which allows you to see where your package is at any time. Tracking your package helps keep you informed and prepared in case something goes wrong.

Abide by the law
Of course, while it's a good idea to do all of these things anyway to be on the safe side, in many cases it's required by law -- especially if your package is being transported by plane. Some materials cannot even be legally transported by plane. For those you can ship to, you may still need to follow a few procedures.

The exact nature of what you have to do will vary depending on the type of material, whether it is new or reused, and whether you ship in bulk. Different combinations of these factors will result in different requirements. In some cases, you may have to use UN-spec packaging, which must have internal materials tested to ensure it will work properly before it is allowed to ship.

Why is MSDS required when exporting dangerous goods and general chemicals by sea?

MSDS is an important document for conveying chemical hazard information. It briefly describes the hazards of a chemical to human health and the environment and provides information on the safe handling, storage and use of the chemical. Developed countries such as the United States, Japan, and EU countries have generally established and implemented the MSDS system. According to the chemical management regulations of these countries, manufacturers of hazardous chemicals usually provide a safety data sheet for their products when they sell, transport or export their products.
At present, the foreign requirements for MSDS (SDS) have been extended to almost all chemicals. In this regard, chemicals exported to developed countries are now basically required to have MSDS (SDS) in order to be successfully declared. And some foreign buyers will require MSDS (SDS) of items, and some domestic foreign companies or joint ventures will also request this.

/ By tjchinafreight ivy / Cargo • Shipping

What is the LCL loss fee?

Hamburg harbour Cargo terminal.

LCL cargo refers to the small-ticket goods that are not filled with a full box. Usually, the bulk cargo consolidation contractor collects the goods separately, and collects them at the container freight station or inland station, and then assembles two or more tickets. Within a container, it is also required to be unpacked at the destination container freight station or inland station for separate delivery.
For this kind of goods, the carrier is responsible for the packing and unpacking operations, and the packing and unpacking fees are charged to the cargo party.
In international trade, companies often fail to ship the goods due to various reasons, so they have to bear the corresponding loss of LCL costs. The most important thing is that many shippers are not very aware of these costs, so they are hard to guard against.

What is the LCL loss fee?

In the process of LCL export by sea, after 11:00 noon on the working day before the cut-off date of the order, the goods could not be shipped in time due to the reasons of the booker, resulting in the vacancy of the LCL company's space, and the LCL company sent the booking company accordingly. The fee charged by the cabin crew to make up for the loss.

How is the loss fee calculated?

Forklift handling container box loading to freight train

(1) Algorithm based on full load (standard cubic number): The calculation of the deficit fee is based on the cost of vacant space.
The specific calculation formula is: difference fee u003d booking billing cubic x (full container freight + full container shipping port cost) / standard cubic number. For example, the FCL is 2000usd (the freight paid by the LCL company to the shipping company), the port miscellaneous fee is 800usd, the container type is 20GP, the number of defective products is 8CBM, and then: (2000+800)/25x8u003d896usd.
(2) When quoting customers, it is charged according to the simple calculation rate: loss fee u003d price per cubic meter x number of invoicers of lost goods.
For example, if you quote 50usd/cbm to the customer and 5cbm to the lost cargo, you will lose the cabin fee u003d50x5u003d250usd
(3) Lost Cabin feeu003d (FCL fee/number of billing parties in the cabinet) x number of billing parties Lost goods
For example: if the cost of the whole box is 2000usd, the chargeable amount of the goods in the container is 20cbm, and the chargeable amount of the out of stock is 8cbm, then: the loss fee u003d 2000/20x8u003d800usd. The calculation results of the above three methods are different. Usually the third method calculates the least freight loss, but few LCL companies will calculate the freight loss according to the first method. Unless it is an important customer with good cooperation, the LCL company may consider the third type, or even a reduction. Lost Cabin Fee

Common reasons and preventive measures

(1) The owner of the cargo is too late to enter the warehouse or the person who temporarily cancels the shipment, but the booking person fails to cancel the booking in time. Precautions: Please keep the freight forwarder regularly in communication with the owner before the customs cut-off date and provide timely feedback. And inform the cargo owner that he has the responsibility to notify, otherwise it will incur loss of shipping charges.
(2) A larger proportion of super square/reduced square/overweight. Precaution: Please ask the freight forwarder to ask the owner of the consignment to be consistent with the actual cargo as much as possible, and notify in time if there is any change .
(3) After the goods have entered the warehouse, it is found that the characteristics or specifications of the goods cannot be carried, such as "liquid/dangerous goods/oversized and overweight items". Precautions: Please inform the freight forwarder not to accept liquid/dangerous goods/semi-dangerous goods, and oversize and overweight items must be confirmed in advance.
(4) The customs inspection resulted in the inability to ship in time. Precautions: Please ask the freight forwarder to require the owner of the declaration to be consistent with the bill, the documents and the goods. If the customs has any questions, please cooperate with the customs broker of the freight forwarding company to reply to the customs in time and clearly. What are the requirements of the customs to cooperate as far as possible to ensure timely shipment of the goods.

Prevention: Please ask the freight forwarder to require the owner to declare the same documents, documents, and goods. If the customs has any questions, please cooperate with the customs declarers of the freight forwarding company to reply to the customs in a timely and clear manner. What are the requirements of the customs to cooperate as much as possible to ensure that the goods are shipped in time.​​

In a nutshell, the most important thing for the prevention of LCL loss is to maintain close and good communication between the cargo owner and the freight forwarder. At the same time, the freight forwarder is dedicated to solving problems for the owner in a timely manner, and the owner should also trust the forwarder and meet each other frankly.

/ By tjchinafreight ivy / Cargo • Shipping • Transport

ONE publishes special loading requirements for these two categories of cargo

On March 28, 2022, ONE issued a security bulletin on Special Stowage Requirement for Non-DG and Non-Special Cargoes.

ONE stated in the announcement that when transporting goods, safety is the number one priority. To ensure compliance with

global acceptance policies and safety standards, ONE verifies all bookings to ensure that all shipments are properly declared,

packed and loaded. This measure is a critical step in preventing accidents and ensuring safe handling of cargo.

 

ONE emphasizes that in addition to dangerous goods and special cargoes, the following non-dangerous goods and non-special

cargoes booked at ONE also require special loading to be loaded onto the ships of ONE and its partners.

Additionally, in order to complete the verification, the customer will be required to provide additional instructions and documentation.

This will help ONE achieve a higher standard in the safe transportation of goods.

 

ONE said it was the responsibility of shippers to declare correct cargo information and therefore reminded its customers to check that all

bookings are properly declared.

/ By tjchinafreight ivy / Shipping

How to deal with the problem of overweight containers?

There is information on the maximum weight limit on the unpacking door of each container, such as MAX GROSS: 30480KGS. This means that your box with the goods cannot exceed this weight. Tare weight--20GP: 2200KGS, 40: 3.720-4200KGS, some HQ will have MAX GROSS: 32000KGS.
This is the maximum strength that the container body can withstand. If the loading exceeds this limit, the container body may be deformed, the bottom plate will fall off, and the top beam will be bent. All the resulting losses will be fully borne by the loader. At present, most professional container terminals in China have installed automatic weighbridges. Therefore, as long as the container exceeds the weight limit of the container, the terminal will refuse to accept the container. Therefore, it is recommended that you clearly see the weight limit on the container body before packing, so as to avoid unnecessary repacking operations.

Overweight containers are a very serious problem. As container vessels become larger and containers are stacked higher to keep up with the growth of world trade, overweight containers can:

Wrong ship stowage decision
Restocking the container (and resulting delays and costs) if overweight is determined
folded container stack
Containers lost in water (overweight and
overweight container)
Cargo Liability Claims
Chassis damage
ship damage
Vessel stability and stress risk
Risk of personal injury or death to seafarers and shore workers
Service plan integrity compromised
Correctly declare supply chain service delays for container shippers
Confirmed, booked and available loads are closed at the last minute when the actual weight on board exceeds the declared weight and the total cargo weight exceeds the ship limit or port draft limit.
Loss of revenue and earnings
Liability for overweight accidents and fines on the road, and the resulting time and administrative effort and costs to seek compensation from responsible parties
Impairs the optimum trim and draft of the vessel, resulting in compromised vessel efficiency, suboptimal fuel usage and increased vessel exhaust emissions.

What should I do if I am overweight?
This is mainly divided into overweight port area, overweight shipping company, overweight port of destination

1. The shipping company is overweight
Discuss with the shipowner, make up the overweight fee, and the rest will go as normal;

2. The port area has its own regulations for overweight
If you find that you are overweight when entering the port, you need to negotiate with the port area and pay the overweight fee plus manual handling fee or take out the box and repack it;

3. The destination port is overweight
Generally, if the destination port is overweight within a certain range, the fine can be solved; if the overweight is serious, the cranes along the way cannot be loaded and can only be transferred to a nearby port or returned to the original road.

/ By tjchinafreight ivy / Shipping

China-Thailand Customs Sign AEO Mutual Recognition Action Plan

On March 25, the "Action Plan of the General Administration of Customs of the People's Republic of China and the Thai Customs Administration on the Mutual Recognition Arrangement of "Accredited Operators" was signed online. The first AEO Mutual Recognition Arrangement Action Plan signed by member countries' customs.

Sun Yuning, deputy director of the General Administration of Customs of China, and Jizhana Xinushan, deputy director of the Thai Customs Department, signed on behalf of both parties. Sun Yuning said that the signing of the AEO Mutual Recognition Action Plan between the customs of China and Thailand is another pragmatic achievement of the customs cooperation between the two countries, marking the beginning of a new chapter in the AEO cooperation between the two sides.

China and Thailand have had close economic and trade cooperation for a long time. China has been Thailand's largest trading partner for many years, and Thailand's largest export market for agricultural products; Thailand is China's third largest trading partner among ASEAN countries. In 2021, the total bilateral trade volume between China and Thailand exceeded the US$100 billion mark for the first time, reaching US$131.18 billion, a year-on-year increase of 33%. During the same period, there were 83,000 Chinese enterprises engaged in bilateral trade between China and Thailand, of which there were more than 2,300 high-level certified Chinese enterprises engaged in import and export business with Thailand, with an import and export volume of about 143 billion yuan, accounting for about 143 billion yuan in imports and exports from China to Thailand. The total is nearly two percent.

According to the "Action Plan", China-Thailand Customs will speed up the negotiation on various issues of the AE0 mutual recognition arrangement, strive to realize China-Thailand AE0 mutual recognition as soon as possible, and effectively make the China-Thailand AEO mutual recognition cooperation a model of customs cooperation among RCEP member states.

China and Thailand have had close economic and trade cooperation for a long time. China has been Thailand's largest trading partner for many years, and Thailand's largest export market for agricultural products; Thailand is China's third largest trading partner among ASEAN countries. In 2021, the total bilateral trade volume between China and Thailand exceeded the US$100 billion mark for the first time, reaching US$131.18 billion, a year-on-year increase of 33%. During the same period, there were 83,000 Chinese enterprises engaged in bilateral trade between China and Thailand, of which there were more than 2,300 high-level certified Chinese enterprises engaged in import and export business with Thailand, with an import and export volume of about 143 billion yuan, accounting for about 143 billion yuan in imports and exports from China to Thailand. The total is nearly two percent.

According to the "Action Plan", China-Thailand Customs will speed up the negotiation on various issues of the AE0 mutual recognition arrangement, strive to realize China-Thailand AE0 mutual recognition as soon as possible, and effectively make the China-Thailand AEO mutual recognition cooperation a model of customs cooperation among RCEP member states.

AEO is the abbreviation of Authorized Economic Operator, that is, "authenticated operator". It is advocated by the World Customs Organization. The customs will certify enterprises with high credit status, law-abiding and level, and provide preferential customs clearance facilities to certified enterprises. of a system.

Since the implementation of the AEO system in 2008, China Customs has been vigorously promoting the international mutual recognition of AEO, focusing on improving the level of domestic and overseas customs clearance facilitation of Chinese enterprises, reducing the customs clearance cost of enterprises, and enhancing the competitiveness of enterprises in the international market. Up to now, China Customs has signed AEO mutual recognition agreements with 22 economies such as the European Union and Singapore, covering 48 countries (regions), and the number of countries (regions) in mutual recognition ranks first in the world. Among them, there are 32 countries jointly building the "Belt and Road", 5 RCEP member countries and 13 Central and Eastern European countries.