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13Dec2023
Exporting, Importing, Logistics Miri Comments: 0

Shipper Export Declaration (SED)

The shipper export declaration or SED for its acronym, is an electronic document where the declarant as the exporter or customs broker includes the information relating to the goods, this declaration is a fundamental requirement for certain exports from the United States, if not comply with this requirement and the export is made, both the supplier or freight forwarder may incur fines or penalties by the U.S. government. In the case of vehicle exports to Venezuela, certain parameters or essentia...
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07Dec2023
Cargo, Exporting, Importing, Industry, Logistics Miri Comments: 0

Do you know Maersk’s “Triple-E”?

Maersk is the most important company in the shipping business, founded in 1904, currently has more than 500 container ships, which keep in transit much of the cargo that is handled annually around the world. According to data provided by Maersk on its finances, by September of this year it recorded revenues of 12.13 billion dollars, which represents a decrease of approximately 46% versus December 2022. The Triple-E class vessel is one of the largest container vessels in the world with a capacity...
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05Dec2023
Cargo, Exporting, Importing, Logistics, Regulation Miri Comments: 0

Dangerous goods and their code

Knowing the legislation and the code that governs the entire supply chain is the key to international trade. The IMDG code, International Maritime Dangerous Goods Code, contains the current provisions and regulations governing the transport of dangerous goods by sea, initially this code arises for the protection of the crew and the environment, containing information on the groupings or types of dangerous goods, labeling, packaging and other information that you should know before importing or e...
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29Nov2023
Exporting, Importing, Logistics Miri Comments: 0

Spot rates for freight forwarding

Have you ever heard about spot rates? They are unique rates that are handled in international trade for the shipment of cargo, these rates fluctuate according to the market situation, they are usually below the standard or contractual rates that are maintained for longer periods of time, although they can also be higher. If you are an importer and handle a certain volume of cargo, it is possible that in key opportunities you can opt for this advantage, because spot rates are offered under certai...
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22Nov2023
Economy, Exporting, Importing, Logistics Miri Comments: 0

Current decline of the Panama Canal

According to recent reports, losses in Panamanian trade have been estimated at approximately US$200 million per day, this due to the protests that have led to the blockage of important routes for the transit of import and export cargo. Since its inauguration on August 15, 1914, the Panama Canal has contributed to maritime communication and commercial exchange, connecting the Caribbean Sea with the Pacific Ocean, and has been an influential factor in the decisions and flow of global trade. Panama...
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20Nov2023
Economy, Exporting, Importing Miri Comments: 0

What a country’s trade deficit says

One of the indicators that help us determine the health of a country’s economy is the trade deficit, which is obtained from the research and comparison of data on imports and exports made by a nation at a given time, this comparison is known as the trade balance. Two scenarios can result from this operation: Trade surplus: when exports are greater than the purchases made to other countries, therefore income from import collections is higher, being very favorable for the development and sus...
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15Nov2023
Exporting, Importing, Logistics, Ports Miri Comments: 0

China as a major investor in ports

It would not be a secret to talk that China occupies the most important role in global maritime trade, but let’s go to the most interesting current data on the subject. By September 2023, Beijing had signed 70 bilateral and regional shipping agreements with more than 60 countries and regions. Currently, China’s shipping routes and service networks cover major countries and regions around the world. Among the most heavily invested countries are Singapore, South Korea, the United State...
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08Nov2023
Exporting, Importing, Logistics, Sustainability Miri Comments: 0

Tariff Relief and Sustainability

Currently we hear a lot the term “sustainable”, when we talk about the economy depends largely on decision making at the financial, social and even environmental level, in order to increase the welfare and quality of life of the population, this includes maintaining recommended levels of internal productivity, so it is important to have or allow the entry of supplies to ensure continuous production, with minimal negative impact on the environment. Tariff relief plays an important rol...
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01Nov2023
Cargo, Importing, Logistics, Regulation Miri Comments: 0

New import alerts from FDA

Recently the Drugs and Food Administration has published news alerts imports. If you are importer of any product you need to know this information at first hand. Import alerts contain modifications and new regulations for any product that may violate laws or endanger the health of the population, so without physical examination the cargo may be detained upon entry into the US. Here, some products on the red list: papaya and melons from Mexico peppers from Mexico fresh frozen(raw) shrimp from Ban...
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24Oct2023
Cargo, Exporting, Importing, Logistics Miri Comments: 0

WCO, do you recognize the acronyms?

When importing and exporting your products, it is very important to know a numerical code associated to the nature and type of merchandise used to identify all products that are moved from one point to another in the world. This applies to the transportation of cargo and shipments to Venezuela, as well as to other countries. This process is associated with the World Customs Organization (WCO). Also, in the process is immersed the Harmonized System (HS), which consists of all the nomenclature for...
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