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Relying on the company's perfect information system and experienced high-quality team, based on Qingdao Port, through Tianjin, Shanghai, Ningbo, Shenzhen and other port service networks, we provide customers with comprehensive international shipping services. Strong routes cover Europe, the Mediterranean, Africa, the Middle East, the Red Sea, India and Pakistan, and Southeast Asia, providing customers with logistics services for FCL, LCL, and bulk cargo.
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Utilizing the transportation channel of the Eurasian Continental Bridge, we provide the vast number of importers, exporters, buyers and logistics service providers with railway transportation services in Russia, the five Central Asian countries and Mongolia, and provide transit transportation to other CIS countries and the European continent. The convenient and fast railway transportation mode.
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Acting as an agent for all Nippon Airways, Korea, Asiana, China Eastern Airlines, Northwest Airlines and other airlines to rent space and charter flights, with preferential freight rates and guaranteed space. It only takes 3-4 days for European and American goods to transit in Beijing, Seoul or Tokyo. For transit cargo, the second-way cargo space can be booked in advance, which is safe and fast.
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Our company has a good cooperative relationship with customs and quarantine departments. Agent quarantine, fumigation, dangerous goods declaration, manual write-off, import price negotiation, etc. on behalf of customers, and can make invoices, packing lists, certificates of origin and other documents on behalf of customers. We have a close cooperative relationship with China Ping An, Huatai Insurance, and PICC, and can handle marine insurance business for customers, eliminating worries for customers
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Qingdao Jieke International Logistics Co., Ltd. is an international transportation agency company that has obtained the qualification of the Ministry of Foreign Trade and Economic Cooperation for international freight forwarding business, the qualification of the Ministry of Communications and the first-class qualification of air transportation sales agency business. The company's business covers domestic and foreign logistics, chartering transportation, shipping agency, international multimodal transport, customs declaration and inspection, LCL, warehousing, cargo transfer and distribution, and other businesses.
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In the process of international shipping operations, there are many types of costs, and many expenses are imported from abroad. Therefore, it becomes very important to know English in the category of international ocean freight. The editor of Cargo Global Network has collected and sorted out the common Chinese and English comparisons in the category of international ocean freight for you. Please collect spares.[Logistics Dry Cargo Series - International Ocean Freight Cost Comparison in Chinese and English] International Ocean Freight Cost Comparison in Chinese and English, bookmark it for future use!1. Common cost terms of sea freight forwardingOcean Freight——OceanFreightAMS——Automatic manifest system automatic manifest system entry fee for US routesACI——Advancecomercialinformation Canadian manifest systemENS——EntrySummaryDeclaration Entry Summary Declaration FormLocal Charges (Aggregated) - LocalChargesTelex release fee - SurrenderedFee/TelexReleaseFeeAnd a single charge - CombinedChargeChange order fee——AmendFeeCollecting card fee - TruckingFee/ContainerTruckingFeeExpress fee - CourierFeeFumigation fee - FumigationChargeDocument fee - DocumentFeeBill of lading fee - B/LFeeLogout Fee - LogoutFeeAlteration fee——Re-BookingFeeInspection fee - Inspection Fee (customs inspection or commercial inspection)Booking fee——BookingFeeInsurance Fee - InsuranceCharge/PremiumConsolidation fee—Co-Load Fee (Co-Load is the behavior of mutual cooperation or consolidation among freight forwarders)Internal loading fee/packing fee - Loading Fee (Interior loading generally refers to the operation mode in which the consignor sends the goods to the site or warehouse designated by the booking agent, is packed by the site or warehouse, and collects the port)Customs declaration fee - CustomsDeclaration Fee (customs declaration refers to the import and export goods consignor, the person in charge of the inbound and outbound means of transport, the owner of the inbound and outbound goods or their agents to the customs to handle the entry and exit procedures of goods, goods or means of transport and related customs affairs process)[Logistics Dry Cargo Series - International Ocean Freight Cost Comparison in Chinese and English] International Ocean Freight Cost Comparison in Chinese and English, bookmark it for future use!Customs clearance fee——CustomsClearanceFee (it is customary to call export "export customs declaration" and import "import customs clearance")Commodity Inspection Fee - Commodity Checking Fee (commodity inspection is part of the work content of the Entry-Exit Inspection and Quarantine Bureau, what we usually call the Commodity Inspection Bureau CIQ is responsible for this work. Commodity inspection is part of the "three inspections"Special handling fee - SpecialHandlingChargeTerminal Handling Charge (THC)——Terminal Handling Charge (THC fee includes all costs related to containers from the ship to the yard or from the yard to the ship, generally including: container handling fees, terminal weighing fees, tractor usage fees, chassis Fare, binding fee, etc.)Customs declaration for import and export by sea2. Common terms of port chargesPacking fee / internal loading fee - containerloadingcharge or ContainerStuffingCharge (includinginlanddrayage)Port Congestion Charge - PortCongestionChargeCollecting freight, shuttle fee——DrayageBooking Charge - BookingChargeOperating labor fee - HandlingChargeCommodity inspection exchange order fee——ExchangeFeeForCIPOrder change fee - D/OFee (D/O is the abbreviation of Delivery order, which means "bill of lading", because it is only available at the time of import, also called import bill of lading)Port miscellaneous charges - PortSurchargeTelephone discharge fee——B/LSurrenderedFeeCustoms clearance fee - EmergentDeclarationChangeCustoms Inspection Fee——customsInspectionFeeWaiting Charge - WaitingChargeStorage fee - StorageFeeAmendment fee——AmendmentChargeLCL Service Charge——LCLServiceChargeAnimal and Plant Quarantine Fee - Animal&PlantQuarantineFeeMobile Crane Charge - MobileCraneChargeWarehouse In/Out Charge - WarehouseIn/OutChargeDemurrage - DemurrageChargeDetention fee——ContainerDetentionChargeTruck Freight - CartageFeeCommodity inspection fee - CommodityInspectionFeeTransshipment fee - TransportationChargeDirty container fee - ContainerDirtyChangeBad box charge - ContainerDamageChargeCleaning box fee - ContainerClearanceChargeDistribution fee - DispatchChargeWire transfer fee - T/TfeeTransit fee/transit fee - I/Ebondedcharge[Logistics Dry Cargo Series - International Ocean Freight Cost Comparison in Chinese and English] International Ocean Freight Cost Comparison in Chinese and English, bookmark it for future use!3. Common shipping surchargesBAF - BunkerAdjustmentFactor fuel surcharge, international marine fuel surcharge is sometimes called FueloilSurcharge or FuelAdjustmentFactor (FAF)FAF - FuelAdjustmentFactor fuel price adjustment surchargeEBA——Emergency bunkeraditional emergency fuel surcharge is often used in Africa, Central and South America routes. Qingdao Juhui-Maritime import and export agency customs declarationEBS——Emergency bunker surcharge emergency fuel surcharge, commonly used in Australian routesIFA - Interimfueladitional temporary fuel surchargeCAF - currency adjustment factor currency depreciation surchargeCSC - containerservicecharge container or container service chargeDDC——DestinationdeliveryCharge Destination port unloading surcharge, commonly used in US-Canada routesGRI——Generalrateincrease comprehensive rate increaseTHC——TerminalHandlingcharge terminal handling fee / terminal operation feeORC——Originreceiptcharge The origin receipt fee is generally used in Guangdong (similar to THC in other regions, but generally higher than THC)PCS - Port congestion surcharge port congestion surchargePCS - Panama Canal Surcharge (from the Far East to the East of the United States, from the West of the United States to the East of the United States, the route usually passes through the Panama Canal, the shipping company needs to pay a certain navigation fee to the canal authority, and the shipping company is in the form of "Panama Canal Surcharge" charged to customer)SCS——Suez Canal Surcharge (the route from Asia, Oceania, East Africa to Europe basically passes through the Suez Canal, the shipping company needs to pay a certain navigation fee to the canal authority, and the shipowner pays the Suez Canal Surcharge to customer charges)PSS——PeakSeseasonSurcharge peak season surcharge (generally, many shipping companies will charge during the peak season of freight, which is similar to the price increase of the peak season of Chinese Spring Festival. April to November is usually the peak season of international freight)SPS——ShanghaiportSurcharge Shanghai port surchargeWARS - WarSurcharge War SurchargeYAS——YenascendSurcharge Yen appreciation surcharge, only for Japanese routesLLA——Longlengthaditional extra length surchargeHLA - Heavy-Liftaditional overweight surchargeCISF - China Import Service Fee (this is a fee charged in Europe specifically for goods imported from China. Chinese products exported from China to Europe often have surcharges, which are usually charged to the consignee by the agent at the port of destination. This fee is usually charged by The buyer pays, but it can also be paid by the seller. It is negotiated when signing the contract and specified in the contract)In the course of international shipping operations, there are specific charging regulations for various fees. Different shipping companies, different periods, and different regions will have different fees, or even no fees. When operating sea container exports, it is necessary to carefully check the fee schedule to reduce losses caused by information asymmetry.Although shipping bulk containers (just arrived at the port) are also container transportation, but its operation process is different, your freight forwarder will give you different quotation models, the above-mentioned fee categories will not appear, but will appear in the form of other fees, please analyze in detail . In the following [Logistics Dry Cargo Series], we will discuss the cost structure and operation process of seaborne bulk cargo, please pay attention and look forward to it.
According to reports, on February 6, two 7.8-magnitude earthquakes hit southeastern Turkey, killing nearly 5,000 Turks and Syrians and injuring nearly 20,000 people. At least 10 provinces in Turkey were hit by a powerful earthquake, with more than 6,000 buildings collapsed.According to the Turkish Maritime Administration and local media reports, Iskenderun is located in a city on the Mediterranean coast in southern Turkey. The strong earthquake affected a major port in Iskenderun Port. (Limak Port Iskenderun) was severely damaged, forcing authorities to suspend port activities.Photos from the scene showed that after the earthquake, cracks appeared at the pier of Iskenderun Port, and dozens of containers fell one after another. Many containers were badly damaged after being dropped from heights and the cargo was found strewn across the yard.A sudden magnitude 7.8 earthquake! Turkish port operations were interrupted, and containers collapsed and caught fire in the yard! The shipping company issued an emergency noticeAnother photo from the scene showed a pile of containers on fire after being toppled, emitting a plume of black smoke. According to reports, there are oil tankers, container ships and bulk ships in Hong Kong, and the cause of the fire is still unclear.A sudden magnitude 7.8 earthquake! Turkish port operations were interrupted, and containers collapsed and caught fire in the yard! The shipping company issued an emergency notice"The terminal at Iskenderun port collapsed during the damage assessment of coastal installations after the earthquake," Turkey's transport minister said on Twitter. "Except for the port of Iskenderun, work continues at its other ports in Turkey."Maersk issued a notice for the earthquake in Turkey and Syria on February 6. The company said a strong quake in Kahramanmaras province caused the quake. (Kahramanmaras) The logistics and transport infrastructure of Pazarcik including Iskenderun Port has been severely damaged.A sudden magnitude 7.8 earthquake! Turkish port operations were interrupted, and containers collapsed and caught fire in the yard! The shipping company issued an emergency noticeUnfortunately, the port structure was severely damaged and all operations ceased until further notice. Roads have also been severely affected. Vendors have yet to start any trucks in and around the area.Maersk said that considering the situation in Iskenderun, he needed to change all the destinations booked to ports or already in transit at sea. Currently, containers including Mersin and Port Said are planned to be transferred to nearby hubs or berthed at transshipment ports where feasible.All bookings for the ports of Iskenderun and Mersin will be canceled, amended and changed free of charge in February this year. Maersk said it was unclear when normal operations at the port of Iskenderun would resume. As soon as you know more information, you will be notified in time.According to reports, the earthquake occurred at 4:28 am local time on February 6 (9:28 Beijing time). Kahramanmaras is located in southern Turkey near the northern border of Syria. At 13:24 on the same day, a magnitude 7.8 earthquake occurred earthquake.According to Turkish media reports, the earthquake was the worst since 1999. At least 10 provinces in Turkey have been affected by the earthquake, with heavy casualties and property damage. It is winter in this country, and the weather is cold, which affects the search and rescue work.At present, many countries have promised to send rescue teams and provide assistance to Turkey and Syria. The Chinese government also immediately activated the emergency humanitarian assistance mechanism and decided to provide emergency assistance to Turkey and Syria. The first batch will provide 40 million yuan of emergency assistance to Turkey, including the dispatch of heavy-duty urban rescue teams and medical teams, as well as disaster relief materials that Turkey urgently needs. Coordinate the delivery of much-needed relief supplies to Syria and expedite the implementation of food aid projects.
Thousands of containers are stuck in Pakistan, Pakistani government decides to waive demurrage and demurrage chargesContainer carriers serving Pakistani ports are grappling with a severe foreign exchange crisis in a challenging market environment. Importers, including at the nearby port of Qasim, were unable to secure delivery orders and clear goods in a timely manner, causing severe congestion in the port city of Karachi, according to local industry sources.Concerned about the rapid escalation of the situation, the Pakistan Shipping Agents Association (PSAA) informed the State Bank of Pakistan and government leaders warning them that overseas services will be suspended if the state does not act immediately."If international trade stops, the country's economic situation will worsen," the association noted. As pressure on the industry mounts, the Pakistani government has pledged to provide temporary relief to importers who have come to clear backlogged containers. A spokesman for Pakistan's Maritime Ministry said in Karachi yesterday: "The government has decided to waive the demurrage and demurrage charges, which will now be borne by the state treasury.According to industry sources, the crisis could lead to the bankruptcy of many trading companies. The trade association welcomed the exemption proposal but said freight lines would need official port notifications before they could start clearing cargo jams.Pakistan has suffered severe economic setbacks in recent years, but is now at a critical juncture. According to local reports, U.S. dollar reserves fell to the lowest level in the past 8 years, below 4.5 billion U.S. dollars. The economic collapse is rooted in political unrest, natural disasters, soaring inflation, high energy prices, foreign debt service obligations and many other factors.Be wary of the economic crisis in this country! Pakistan's foreign exchange reserves are not enough to cover three weeks of cargo imports and port congestion!Facing the economic crisis, Pakistan's foreign exchange reserves can only cover three weeks' worth of imports.KARACHI: The International Monetary Fund is holding emergency talks in China as inflation in crisis-hit Pakistan has risen to a 48-year high, according to data released by the National Bureau of Statistics on Wednesday. In January 2023, the year-on-year inflation rate was 27.55%, the highest level since May 1975. Thousands of imported containers are stranded at the port of Karachi.Pakistan's economy was struggling, hit by a balance of payments crisis, and trying to service its massive foreign debt. The world's fifth-largest country has less than $3.7 billion in its banks, just enough to cover three weeks of imports. On Tuesday, an IMF delegation arrived in Islamabad to restart negotiations on a stalled rescue package with the government. So far, governments have not met the demands of global banks.However, in recent days, with the looming prospect of national bankruptcy, Islamabad has begun to bow to pressure, and no friendly country is willing to offer help to ease the pain. In an effort to curb a rampant black market in dollars, the government has loosened controls on the rupee, sending the rupee to an all-time low. Artificially cheap gasoline prices have also risen.Bank Negara no longer issued letters of credit, except for essential food and medicines, leading to thousands of containers piling up in the port of Karachi, filled with stocks that the state could no longer afford.Be wary of the economic crisis in this country! Pakistan's foreign exchange reserves are not enough to cover three weeks of cargo imports and port congestion!
In many cases, the transaction of international trade orders starts with payment. We simply list several common payment methods and the problems that will be encountered.Payments are differentiated from the receiving account:Corporate account: 1. Corporate account T/T, L/C, D/P, D/A, O/AFor private account: Western Union, Paypal, MoneyGram, T/TIn-depth analysis of T/T/T, L/C, D/P, D/A common payment methods in international tradeT/TT/T (Telegraphic Transfer) refers to the remittance method in which the remitter's branch or agency bank in another country (that is, the remittance bank) applies to the payee, sends an additional telegram or SWIFT instruction to pay a certain amount.The T/T payment method is foreign exchange cash settlement. Your customer remits the funds to the foreign exchange bank account designated by your company. T/T belongs to commercial credit. After the goods are ready, if the customer pays all the payment for the goods, you can directly Send the receipt to the customer without going through the bank.T wire transfer is divided into two types, one is called ex-TT (ex-TT)T), what is ex-TT (ex-TT/T)? In the international trade industry, that is to say, before the consignor delivers the goods, the payment of 100% of the payment is called the former TT (former TT/T). This payment method is a very safe trade method in international trade compared with the seller, because the seller does not need to bear any risks. As long as they receive the money, they will ship. If they don't receive the money, they don't ship it. Pre-TT (pre-TT/T) can also be divided into many flexible methods, first 20%~40% deposit, and then 80%~60% before shipment. The specific ratio is flexible according to different situations.The second is post-TT (post-TT/post-TT) T) payment method. The post-TT (post-TT/T) payment method is defined in the industry as, after delivery, the buyer pays the balance. So why should the buyer pay the balance? Generally, post TT (post TT/T) is a copy of the bill of lading against B/L (BL) to pay the balance. The post-TT (post-TT/T) mode is also more flexible. In general, the international post-TT (post-T/post-T/) is basically very popular. T) The payment method is that the customer pays a 30% deposit first, and the remaining 70% is for the customer to see the bill of lading. (BL,B/L) copy to pay the balance. Some of course are 40% deposit, 60% see the bill of lading.TFAQ/TPayment Questions1. Wrong payee information leads to delinquency. Many customers are careless and will write the name of the payee wrong, such as typos, such as the name is too long, the space for filling in the remittance is limited, and so on. The money did reach the recipient's account, but due to incorrect information, there was no way to unblock the payment. (release). Result: In general, if there is no solution within 15 days (or according to the actual situation of each bank), the original route will be returned. Solution: 1. Notify the customer to change the amendment, and clearly inform the customer that if the amendment is not made, the money will not be received, and the order will not be executed. 2. If the company name is too long after the second cooperation, you can tell the customer to write the part of the name that cannot be written in the address bar, and the payment can be received smoothly.2. Post-T/t customers are in arrears of balance payment, some customers delay and do not pay. First of all, when signing the contract, the payment time of the final payment should be clearly indicated, for example, the copy of the bill of lading should be paid within 3-5 working days to avoid the situation that the final payment cannot be recovered after a delay. Of course, in order to avoid this situation, we need to analyze and study customers and avoid risks in advance.L/CLetter of credit (Letter of Credit, L/C) refers to the bank (issuing bank) in compliance with the terms of the letter of credit, in accordance with the requirements and instructions of the (applicant) or on its own initiative to pay a third party (beneficiary) or its designated party written documents. That is to say, a letter of credit is a written document issued by a bank to conditionally promise to pay.In international trade activities, buyers and sellers may not trust each other. The buyer is worried that the seller will not deliver according to the contract requirements after prepayment; the seller is also worried that the buyer will not pay after delivery or submission of shipping documents. Therefore, the two banks need to act as guarantors for both buyers and sellers, representing receipts and payments, and replacing commercial credit with bank credit (bank credit is higher than commercial credit). The instrument used by banks in this activity is the letter of credit.It can be seen that the letter of credit is a certificate that the bank guarantees payment conditionally, and has become a common settlement method in international trade activities. According to the general regulations of this settlement method, the buyer should first deposit the payment for the goods in the bank, and the bank should open a letter of credit, notify the remote seller to open the bank and inform the seller that the seller should deliver the goods in accordance with the terms stipulated in the contract and the letter of credit, and the bank should act on behalf of the seller. Buyer pays.Three distinct letter of credit featuresFirst, the letter of credit is a self-contained document. (self-sufficient instruments). The credit certificate is not attached to the sales contract, and the bank emphasizes the written certification that the credit certificate is separated from the basic trade when reviewing documents;Second, the letter of credit is a pure document business. (pured documentary transaction). The certificate of credit is paid against the document and cannot be subject to the goods. As long as the documents are consistent, the issuing bank should pay unconditionally; (the documents are consistent, the documents are consistent)Third, the issuing bank bears the down payment responsibility. (primary liabilities for payment). The credit certificate is a kind of bank credit, it is a kind of guarantee document of the bank, and the issuing bank has the primary responsibility for the payment.classified letter of creditThere are many classifications of credit certificates, which can be roughly divided into the following categories:A Divide according to the requirements of the letter of credit documents or the letter of credit itself(1) Whether the bill of exchange under the letter of credit is accompanied by shipping documents is divided into:Documentary letter of credit and bare letter of credit.①Documentary Credit (Documentary Credit) It is a letter of credit paid with documentary draft or only with documents. The documents here refer to the documents representing the ownership of the goods (such as ocean bill of lading, etc.). ), or documents proving that the goods have been delivered (such as rail waybill, air waybill, postal parcel receipt). Customs of UCP600 Documentary Letter of Credit② Clean Credit is a clean credit without shipping documents. (CleanDraft) payment letter of credit. Banks can also require the beneficiary to attach some non-freight documents, such as invoices, prepaid bills, etc., when paying with a full-ticket letter of credit.Documentary letters of credit are used in most international trade payment settlements.Taking the responsibility of the issuing bank as the standard, it can be divided into:①Irrevocable L/C. It means that once the letter of credit is issued, within the validity period, the issuing bank shall not unilaterally modify or revoke it without the consent of the beneficiary and related parties. As long as the documents provided by the beneficiary comply with the letter of credit, the issuing bank must fulfill its payment obligations.② Letter of credit can be revoked (RevocableL/C). The issuing bank does not need to obtain the consent of the beneficiary or the relevant parties to the letter of credit that has the right to cancel it at any time, and should indicate the words "cancellable" on the letter of credit. However, "UCP500" stipulates that as long as the beneficiary has obtained the protection of negotiation, acceptance or deferred payment according to the provisions of the letter of credit, the letter of credit cannot be revoked or amended. It also stipulates that if the letter of credit does not indicate whether it is revocable, it shall be deemed that the letter of credit is not revocable.The recent "UCP600" stipulates that banks shall not issue revocable letters of credit! (Note: Commonly used letters of credit are irrevocable)(3) Depending on whether another bank guarantees payment, it can be divided into:① Confirmed letter of credit (Confirmed L/C). Refers to a letter of credit issued by the issuing bank, in which another bank guarantees payment obligations for documents that comply with the terms of the letter of credit. The bank that exchanges the letter of credit is called the exchange bank.②Do not guarantee the guarantee of letter of credit (UnconfirmedL/C). The letter of credit issued by the issuing bank has not been confirmed by another bank.Depending on the time of payment, it can be divided into①Sight letter of credit (SightL/C). Refers to the letter of credit in which the issuing bank or paying bank immediately performs the payment obligation after receiving the documentary draft or shipping documents that meet the terms of the letter of credit.② Long-term letter of credit (Usance L/C). Refers to the letter of credit in which the issuing bank or the paying bank performs the payment obligation within the specified time limit when it receives the documents of the letter of credit.③Holiday long-term letter of credit (Usance Credit Payable at Sight). The letter of credit stipulates that the beneficiary draws a long-term bill of exchange, and the paying bank is responsible for discounting, and stipulates that all interest and expenses shall be borne by the issuer. For the beneficiary, this letter of credit is actually still a collection at sight, and there is a "false forward" (usanceL/Cpayableatsight) clause in the letter of credit.In-depth analysis of T/T/T, L/C, D/P, D/A common payment methods in international tradeAccording to whether the beneficiary can transfer the right of the letter of credit, it can be divided into:① Transferable letter of credit (Transferable L/C). Refers to the beneficiary of the letter of credit (first beneficiary)Depending on the time of payment, it can be divided into①Sight letter of credit (SightL/C). Refers to the letter of credit in which the issuing bank or paying bank immediately performs the payment obligation after receiving the documentary draft or shipping documents that meet the terms of the letter of credit.② Long-term letter of credit (Usance L/C). Refers to the letter of credit in which the issuing bank or the paying bank performs the payment obligation within the specified time limit when it receives the documents of the letter of credit.③Holiday long-term letter of credit (Usance Credit Payable at Sight). The letter of credit stipulates that the beneficiary draws a long-term bill of exchange, and the paying bank is responsible for discounting, and stipulates that all interest and expenses shall be borne by the issuer. For the beneficiary, this letter of credit is actually still a collection at sight, and there is a "false forward" (usanceL/Cpayableatsight) clause in the letter of credit.According to whether the beneficiary can transfer the right of the letter of credit, it can be divided into:① Transferable letter of credit (Transferable L/C). Refers to the letter of credit beneficiary (the first beneficiary) may request authorization to pay, bear the responsibility for deferred payment, acceptance or negotiation bank (collectively referred to as "transfer bank"), or when the letter of credit is freely negotiated, may require special authorization in the letter of credit The letter of credit used by the transfer bank to transfer all or part of the letter of credit to the beneficiary (second beneficiary). The issuing bank should clearly indicate "transferable" in the letter of credit, and it can only be transferred once.②The letter of credit cannot be transferred. It refers to the letter of credit that the beneficiary cannot transfer the rights of the letter of credit to others. All letters of credit do not indicate "transferable", that is, letters of credit are not transferable.(6) Red stripe letter of credit. This type of letter of credit allows the issuing bank to pay the seller part of the money in advance after receipt of the documents. This letter of credit is often used in manufacturing.B is classified according to the purpose of the letter of credit(1) Revolving letter of credit (RevolvingL/C)It means that after all or part of the letter of credit is used, its amount is restored to the original amount and can be used repeatedly until the specified number of times or total amount is reached. It is usually used to deliver evenly in batches. In the case that the letter of credit is circulated according to the amount, the specific method of restoring the original amount is as follows:① Automatic cycle. After a certain amount is used up each period, the original amount can be automatically restored without waiting for the issuing bank's notification.②Non-automatic cycle. After using a certain amount in each installment, you must wait for the notification from the issuing bank before you can restore the original amount to use the letter of credit.③Semi-automatic cycle. That is to say, within a few days after a certain amount is used each time, if the issuing bank does not issue a notice to stop the recycling, the original amount can be automatically restored x days from the first time.(2) Open letter of credit (ReciprocalL/C)Refers to a letter of credit issued by two letter of credit applicants with each other as the beneficiary. The amounts of the two letters of credit are equal or approximately equal, and they can be opened at the same time or successively. It is mostly used in barter trade or processing with supplied materials and compensation trade.The third is back-to-back letter of credit (BacktoBackL/C)Also known as letter of credit transfer, it means that the beneficiary requests the advising bank of the original letter of credit or other banks to open a new letter of credit with similar content based on the original letter of credit. The issuing bank that backs the letter of credit can only issue an irrevocable letter of credit. The opening of the letter of credit is usually a middleman who resells the goods of others, or when the two countries cannot directly handle the import and export trade, the third party conducts trade exchanges in this way. The amount (unit price) of the original letter of credit should be higher than the amount (unit price) of the reversed letter of credit, and the shipment date of the reversed letter of credit should be earlier than the original letter of credit.Advance Credit Certificate/Packing Credit Certificate (Anticipatorycredit/Packingcredit)It means that the issuing bank authorizes the paying bank (advising bank) to prepay all or part of the amount of the letter of credit to the beneficiary, and the issuing bank guarantees to repay and bear the interest. It is the opposite of the term letter of credit. The bare bill payment by the exporter of the prepaid letter of credit also requires the beneficiary to attach the instructions responsible for the payment of the specified documents of the letter of credit. After delivery of the shipping documents, when the paying bank pays the remaining payment, the prepayment interest will be deducted.Standby letter of credit (5) (Standbycredit)Also known as commercial paper credit (Commercial paper credit), guaranteed letter of credit. Refers to the certificate that the issuing bank promises to assume certain obligations to the beneficiary according to the requirements of the applicant. That is to say, the issuing bank guarantees that when the applicant fails to perform its obligations, the beneficiary can obtain compensation from the issuing bank, as long as the issuer's breach of contract is submitted in accordance with the provisions of the standby letter of credit. It is a bank credit, and it is a way for the beneficiary to obtain compensation when the issuer defaults.Explanation of terms commonly used in credit certificatesIssuer: The person who applies to the bank to issue the letter of credit, also known as the issuer in the letter of credit. Obligations: Issuing a certificate according to the contract; paying a proportional deposit to the bank; paying the redemption note in time. Entitlement: Verification and Redemption Order; Verification and Return (Based on Letter of Credit)Note: There are two parts in the application for issuing the L/C, namely the application for issuing the L/C and the statement and guarantee of the issuing bank (before the declaration of redemption, the ownership of the goods belongs to the bank; the issuing bank and its agent bank are only responsible for whether the documents are superficially Qualified; the issuing bank is not responsible for errors in document delivery; not responsible for "force majeure"; guarantees due payment and redemption; guarantees the payment of various expenses; the issuing bank has the right to increase the deposit at any time; has the right to decide on cargo agency insurance And increase the level of insurance, the cost shall be borne by the applicant.Beneficiary: refers to the person named in the letter of credit who has the right to use the certificate, that is, the exporter or the actual supplier. Obligation: After receiving the letter of credit, check with the contract in time. If inconsistent, the issuing bank shall be required to amend or refuse to accept as soon as possible or the applicant shall be required to instruct the issuing bank to amend the letter of credit; if accepted, deliver the goods and notify the consignee, and prepare documents within the specified time and submit to the negotiating bank Submit the file; be responsible for the correctness of the file. If not, the issuing bank shall implement the instructions to amend the documents and still deliver the documents within the time limit stipulated in the letter of credit.
It is reported that after energy, the crisis of letter of credit opening is seriously threatening Bangladeshi enterprises. Companies in the country have been forced to raise prices for goods and services due to higher production costs after the government raised oil, gas, electricity prices and import costs. However, due to the shortage of US dollars, it is more difficult to open letters of credit.As import bills rose and export and remittance revenues fell, there was a shortage of dollars and banks were unable to provide the dollars needed to import. To avoid a rapid depletion of foreign exchange reserves, Bangladesh's central bank has tightened rules restricting imports of non-essential and luxury goods. At present, it is difficult for Bangladeshi enterprises to open letters of credit, and the pressure seems to be increasing day by day.With a shortage of US dollars, businesses in these two countries are facing difficulties in opening letters of credit! Beware of the risk of chargeback/receipt of foreign exchangeAccording to statistics from the Central Bank of Bangladesh, from July to December 2022, the opening rate of letters of credit will drop by 14% year-on-year, and the settlement rate will drop by 9% year-on-year. Letters of credit openings fell 27% to $12 billion; letter-of-credit openings fell 33% to $2.58 billion for intermediate products such as clinker and limestone (a key ingredient in the cement industry). This has contributed to a slowdown in sales and raised concerns in the business community that the normal business cycle will be disrupted.“We have been facing difficulties in opening letters of credit for the past two months,” said managing director of PranGroup, a large processor and exporter of agricultural products in Bangladesh. It disrupts our supply chains and hampers production for domestic and export-oriented markets. "Some companies also said that the Bank of Bangladesh is taking measures to prevent the import of non-essential goods, which is destroying the continuity of business. If the import of industrial raw materials and mechanical equipment cannot be guaranteed, production will be greatly affected, and the next step will be forced layoffs.The persistent dollar shortage in the banking sector is also reported to be a threat to local textile mills, making it difficult to import raw materials and cotton when letters of credit are provided. According to statistics from the Central Bank of Bangladesh, from July to December 2022, the opening value of letters of credit for imported textiles decreased by 25.63% year-on-year to US$4.88 billion."We are facing two problems. On the one hand, we are facing difficulty in opening letters of credit; on the other hand, local garment manufacturers are delaying payment of back-to-back letters of credit," said a textile trader.Earlier, the Ministry of Economics and Commerce of the Chinese Embassy in the People's Republic of Bangladesh issued a security risk warning: "Many companies and trade organizations have reported to us that trade disputes with Bangladesh have involved issues such as refusal to pay letters of credit. Remind domestic companies to sign contracts. Pay attention to payment methods and dispute resolution clauses, purchase trade insurance, and resolve disputes in a timely manner according to the contract to avoid losses.”With a shortage of US dollars, businesses in these two countries are facing difficulties in opening letters of credit! Beware of the risk of chargeback/receipt of foreign exchangeIn addition, due to a shortage of foreign exchange, Pakistan is also restricted from issuing letters of credit for importers, resulting in a large number of containers full of imported goods being held up in the country's ports. (You can review the reports before searching the shipping network: the economic crisis has worsened, and a large number of goods have been stranded in the country's ports)According to reports, the national government has decided to waive detention fees and port fees for stranded containers, although the national government has guaranteed the release of containerized goods stranded at ports as soon as possible. However, Zubair Motiwala, chairman of the Chinese businessman group and former chairman of the Karachi Chamber of Commerce and Industry, said recently that there are still about 5,630 containers stranded at the port, and the containers have not yet been released.Motiwala said that while the government guarantees that demurrage charges will be minimized, so far, no announcement has been made, which has raised concerns among businessmen and brick-and-mortar entrepreneurs.With the problem unresolved, the cost of imported goods due to demurrage charges soared to the point that in many cases was greater than the actual value of the containerized goods, making it impossible for the importer to clear the goods.Motiwala also said that the delay in paying suppliers gave Pakistan a bad reputation as no supplier was willing to do business with Pakistani importers under such circumstances. Payments to suppliers are delayed for a long time, which is not only bad for business, but also for an already struggling economy.It urged the government to take note of the situation and put pressure on shipping lines and terminal operators to fulfill their commitments to provide maximum relief to stranded containers to expedite customs clearance procedures. Delays in customs clearance of containers will destroy many businesses that are on the verge of bankruptcy, which will also make the price of goods unaffordable to consumers.
Import FCL business operation process1. Preparing operation mode for sea freight FCL businessBefore the consignee notifies the bill of lading, please fax a bill of lading first, so that our company can check when the ship arrives in Hong Kong, and then implement customs clearance with the consignee whether it is Jinan or Qingdao. There are four types of FCL import customs declaration methods: customs clearance, straight-through, territorial customs declaration and Xiamen customs clearance, of which the first three are Jinan. Try to clear customs and pay taxes in Xiamen. On the one hand, it is convenient to pay taxes, and on the other hand, it can solve problems in time. Foreign customers should implement whether to file in the customs and commercial inspection.2. Preparation documents for sea freight FCL business:After the operation mode is selected, it is necessary to communicate with the consignee in a timely manner about the product name and tax number, inquire about the supervision conditions, whether the taxable goods should be paid, etc. , and notify the consignee to prepare complete customs declaration documents. After receiving the order, the operator of our company should verify whether the documents are complete. If proxy documents are required, they should be operated in time to avoid customs clearance due to incomplete documents. Outreach personnel also need to review the documents when taking the order, and confirm with the operator if they are not sure. For documentation preparation requirements, please refer to the preparation of maritime customs clearance documents in the attachment.3. Import exchange order:After the original bill of lading is sent to Xiamen, our company's bill-changing staff will go to the designated freight forwarder or shipping company to exchange the bill of lading, and then fax the bill of lading to the Xiamen customs declarer. If customs clearance in Xiamen, the original bill of lading will be handed over to the Xiamen customs declaration.How does the FCL business operate?4. Customs declaration and inspection:For goods imported from the European Union, the United States, Japan, South Korea and other countries, after the documents are complete, the packaging inspection can be carried out first. In principle, packaging inspection should be checked and inspected at the customs clearance. After making the customs clearance form for commodity inspection, you can start to declare to the customs. During the customs declaration process, if there is any problem, it should communicate with the consignee in time, and do a good job in contacting the customs with the owner of the goods. In case of inspection by the customs, you can pay the full amount or a deposit for the price difference to the customs first, and then provide materials to the customs for price negotiation after the goods are released.5. Inspection, tax payment and release:The goods subject to customs control inspection need to be entrusted to the inspection area designated by the customs, and cooperate with the customs to do a good job in explaining the goods. After the taxed goods are paid, the consignee is urged to pay the tax in time. If we need to pay temporarily, we should ask the consignee to remit the tax to our account in a short time. After the customs releases the goods, contact the merchant in time to check the packaging of the goods, confirm the delivery location and contact person with the consignee, contact the vehicle in advance, and fill in the delivery note. There is no problem with the commodity inspection, and the goods will be delivered to the designated place as soon as possible after release.6. Confirm the bill:After the goods are delivered to the manufacturer's container and returned to the site, immediately settle the overdue expenses with the shipping company, wait for the payment to go hand in hand, and then fax it to the consignee for an explanation. If the consignee requests a deduction, the appropriate deduction can be given after receiving it from the marketer or manager. After the consignee confirms the bill, issue an invoice as required, and send it to the consignee together with tax bills and other documents.7. Callback reminder:Under normal circumstances, the customs can return the goods half a month after the goods are released. After the customs declaration form is returned, the goods should be returned according to the payment status of the consignee. The long-term uncollected business needs to be approved by the market personnel and the department manager, and can only be returned after the approval of the general manager if necessary. If the payment has not been recovered for more than three months, it can be submitted to the general department or the marketing department for assistance through legal means.
Business Scope of Dangerous Goods (New Version)Wholesale and retail of dangerous goods business:(1) General cargo transportation; general cargo transportation on roads. (2) Warehousing services (excluding flammable and explosive products). (3) loading and unloading.Domestic trade, commodity and technology import and export business. (Except for items prohibited by laws, administrative regulations and decisions of the State Council, restricted items must obtain a license before operating).Sell this product; provide relevant technical consultation and technical services.Undertake contractual import agency matters of Sino-foreign joint ventures, and carry out foreign economic and technological cooperation business.What does dangerous goods business include?In addition to the commodities and technologies that are restricted or prohibited by the state, the import and export of various commodities and technologies is self-operated and agented for dangerous goods business; processing with imported materials and "three to one supplement" business; foreign trade and economic cooperation activities; re-export Trade and international settlement; use of international financial institutions or foreign government loans and other financing services.Sixth, sales trade and entrepot trade. (Except for commodities and technologies that are restricted or prohibited from import and export by the state);Other approved related business activities. (Projects that must be approved in accordance with the law can only be operated after being approved by the relevant departments). Qingdao Jieke International Logistics Co., Ltd. is an international transport agency company that has obtained the qualification of the Ministry of Foreign Trade and Economic Cooperation for international freight forwarding business, the qualification of the Ministry of Communications and the first-class qualification of air transport sales agency business. The company's business covers domestic and foreign logistics, chartering transportation, shipping agency, international multimodal transport, customs declaration and inspection, LCL, warehousing, cargo transfer and distribution, and other businesses. With professional and experienced talent team, modern container management operating system and technical facilities, we are determined to perfect China's modern logistics.
Special container exports are mainly used to load special cargo.Refrigerated containers are mainly divided into: (REFFER CONTAINER); hanging clothes container (DRESS HANGER CONTAINER); open top container (OPENTOP CONTAINER); frame container (FLATRACK CONTAINER); tank container (TANK CONTAINER).Main classification of goods loaded in special container export containersThe main goods loaded in refrigerated containers: food: meat, fish, aquatic products, biscuits, chocolate and chemical products: mainly fine chemical products; such as perfume, air freshener and plastic productsFrame containers are mainly loaded with goods: super-long, super-wide, super-high large-scale machinery and equipment and heavy goods.Hanging suitcases are mainly loaded with goods: mainly loaded with high-end clothingOpen-top boxes are mainly loaded with goods: mechanical products: mechanical equipment, metal pipes, glass products, goods that are not convenient for manual loading and unloadingTank containers are mainly loaded with liquid chemical products such as chemical products; oil, kerosene, fuel oil and gas for industrial purposes. (Generally speaking, the commodity has its own box, which is the SOC box)Basic knowledge of special container export transportation getMain distribution of export goods in special containersSeafood products are mainly distributed in Beihai of Guangxi, Shantou of Guangdong, Lianjiang, Yangjiang, Sanya and Haikou of Hainan. Most of the fruits are transported to Shenzhen by land. Clothing goods are mainly in Shunde, Zengcheng and Guangzhou. Glass products are mainly located in Shenzhen, South Glass and Shunde. Machinery and equipment are mainly located in Guilin, Shunde and Foshan, Guangxi. Chemical products are mainly distributed in Zhanjiang.Quotation for special cabinetsHave an accurate understanding of the shipping capacity of the shipping market, as well as the shipping company's pricing methods and market prices. Understand the customer's cargo parameters (photos are required), delivery time and delivery time. Fully estimate the operation difficulty and fully calculate the costs that will be incurred.Features for operating special cabinetsThe number of carriers for special cabinets is small, and the market demand is small. The operation is difficult and the links are complicated. The entire transportation process needs to be confirmed by multiple links before it can be undertaken. It is mainly necessary to confirm the container, price and shipping space in advance. The prices vary so much that there is no comparison. Many shipping companies do not provide special cabinet services. Relatively speaking, the value of goods transported by special cabinets is generally higher.Precautions for special box operationThe main attention of the refrigerator: the installation requirements of the cabinet, whether it needs to be pre-cooled, and whether it needs to be checked for suitability? (CWI), the opening degree of the vent, temperature, lifting time, service life of the free box, free stacking life of the dock. Open top container: Confirm the weight, size, loading and unloading requirements of the goods in advance, as well as the owner's requirements for the box. Frame box: Confirm the weight, size, loading and unloading requirements of the goods in advance, the owner's requirements for the box body, the feasibility of the land transportation process, and the accurate accounting of the cost.
LCL export by sea: when the export goods are not enough to use the cabinet, LCL export by sea can be consideredLCL shipments are usually not acceptable to a specific shipping line nominated. The shipping company only accepts bookings for FCL cargoes, not LCL cargoes directly. Only through freight forwarders (some powerful shipping companies through their logistics companies) can the LCL goods be assembled and booked with the shipping company.The main differences between LCL export goods and FCL goods are as follows:1. Different characteristics1. LCL export goods: the integration of goods from different consignors and consignees. A full container is made up of multiple different shippers and receivers.2. FCL export goods: As long as the appearance of the container is similar to that of the received box, and the lead seal is intact, the carrier has completed the responsibility of transportation.Two, the process is different1. LCL goods: After receiving the goods, the carrier classifies them according to their nature and destination, and assembles goods of the same destination and nature into the same container for transportation.2. FCL goods: the consignor is responsible for packaging, counting, filling in the shipping order, and the customs will seal it with lead. The dismantling of the whole container is generally handled by the consignee, and the carrier can also be entrusted to dismantle it at the freight station, but the carrier is not responsible for the damage to the goods and the difference between the goods, unless the carrier proves that the damage caused by the accident of the carrier's responsibility, the carrier is responsible for compensation.What is the difference between LCL export and FCL export?Third, the cost structure is differentLCL generally includes three costs, sea freight, LOCALCHARGE, warehouse costsThe LOCAL fee is paid to the agent by the consignee at the port of destination. The fee is different for each port, and the fee charged by each agent is also different. Therefore, it is necessary to confirm with the freight forwarding company in advanceThe warehouse fee is the storage fee, which can also be called the unloading fee. It is paid by the driver to the warehouse at the export port. The charges for each warehouse are similar. There is a receipt and the actual reimbursementDuring the LCL process, the booking company will send you a warehouse entry notice with detailed requirements written on it, and it will be delivered to the warehouse they designate at the time they designate.However, it is usually sent two days before the ship leaves, and you must send your customs declaration information one day before the ship leaves. They will be responsible for helping you with packing and customs clearanceAfter that, you can do bill of lading confirmation after customs declaration. The whole box is the same. After confirming with the freight forwarding company, a bill of lading will be issued according to the confirmed content, and then the goods will be picked up against the bill of lading.The composition of the whole container fee: sea freight, port miscellaneous fees, warehousing fees, internal loading fees, partial goods, direct loading fees, reinforcement fees,
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