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The risk points in international logistics

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Topic: The risk points in international logistics
Posted By: tisce
Subject: The risk points in international logistics
Date Posted: 31 Jan 2024 at 4:05pm

Transportation risks: This includes the risk of goods being damaged, lost, or delayed during transportation. This can involve incidents such as maritime accidents, air freight delays, or land transportation accidents.

 

Customs and import restrictions: Different countries have different customs regulations and import restrictions, which can pose risks of goods being detained, delayed in customs clearance, or returned.

 

Cargo insurance: There are various risks involved in international transportation, such as natural disasters, theft, etc. Therefore, cargo insurance becomes a necessary option.

 

Exchange rate fluctuations: International trade involves cross-border currency payments, and exchange rate fluctuations can impact costs and profits.

 

Documentation and compliance risks: International logistics involves a significant amount of documentation and compliance requirements. Incomplete or non-compliant documents can lead to goods being detained or returned.

 

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