International Air Freight Declaration Value Standards Importance of Avoiding Over-Declaration and Under-Declaration Risks Compared

International Air Freight Declaration Value Filling Specifications Risk Comparison of Overstating and Understating

In recent years, with the prosperity of international trade, international air freight business has also developed rapidly. However, the declaration value filling specification in air freight is an extremely important aspect, directly related to the safety of goods and payment of freight charges. At the same time, the risks of overstating or understating the value cannot be ignored.

Firstly, let’s take a look at the risks associated with overstating the value. Generally speaking, overstating the value refers to declaring a higher value than the actual one but filling a lower value on the air waybill. Although this behavior may reduce freight costs to some extent, it carries significant risks. Firstly, if the goods are damaged or lost during transportation, the insurance company might refuse compensation because the declared value is lower than the actual value, which could lead the insurer to consider the goods as high-risk. Secondly, if discovered by airlines or customs authorities, it may result in severe penalties such as fines or bans on shipments.

Compared to overstating, the risks of understating the value are more covert. Understating the value means declaring a lower value than the actual one while intentionally omitting or hiding certain information on the air waybill. Although this behavior seems harmless on the surface, it actually hides great risks. First, understating the value can lead to insurers misjudging the true value of the goods, thus affecting the validity of the insurance contract. Secondly, if discovered by airlines or customs authorities, not only will there be fines and other penalties, but it may also disrupt the normal transportation of goods, potentially even blacklisting the consignor and impacting future shipping businesses.

When filling out the declaration value for international air freight, we must adhere to the principles of truthfulness, accuracy, and completeness. We must accurately declare the actual value of the goods and avoid overestimation or underestimation. Additionally, we need to understand relevant laws, regulations, and policies to avoid unnecessary troubles and losses. We can also establish good communication channels with insurance companies, airlines, customs, and other departments to stay informed about the status of cargo transportation and ensure the safe and timely arrival of goods.

In conclusion, adhering to the specifications of filling the declaration value in international air freight is a critical step in conducting international air freight business. Only by following the principles of truthfulness, accuracy, and completeness can we avoid the risks of overstating or understating and ensure the safety and timely arrival of goods. Meanwhile, we should continue learning and understanding relevant laws, regulations, and policies to enhance our professional competence and risk awareness, laying a solid foundation for sustainable enterprise development.