|Int’l Freight Association Bill Issued|
On October 17, 2020, the first China International Freight Forwarders Association (CIFA) multimodal bill for a Sino-European China Railway Express (CRE) train was successfully issued.
This bill includes a freight loaded with fabrics that is transported from Jinhua South Railway Station, calling at Khorgas Port, transferred to ferry across the Caspian Sea via Aktau Port, and finally arriving at Baku, Azerbaijan.
The issuance of the CIFA bill gave full play to the advantages of multimodal transport integration and realized the effective combination of railway and ferry transport. It will not only contribute to further building an international multimodal transport system, promote the construction of industry standardization, and improve the management rules of multimodal transport, but will also improve the overall level of multimodal transport mode integration and one-bill-only service in Zhejiang. It also provides an important reference basis for exploring and resolving some concerns over the Belt and Road cross-border transportation property rights and creating new financial rules. (Translated by Lin Yuqin, edited by Mariam Ayad)