TT Club - mitigating risks for customs brokerages and freight forwarders

Monday, August 29, 2016

The TT Club has warned that the balancing act for freight forwarders and customs brokers between providing services to importer clients and complying with their statutory obligations is becoming increasingly complicated due to heightened competition and changing international trade regulations, freight insurance and risk management requirements.

Concerns raised over fraud issues faced by forwarders

Source: Lloyds Loading List

 

Outlining the risks faced by licenced customs brokers and the mitigation steps they need to take, Kate Hollis, senior claims executive for TT Club in Sydney, commented:

"Customs brokers assume responsibility for acting correctly between cargo interests and customs. As a result, there is the potential to provide advice to customers or carry out actions that result in the cargo interest suffering financial loss, for which you can be alleged to have been negligent. Closely related to the liability exposure of your customer is the potential for customs to levy fines or penalties through infringement notices."


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Customs Brokerages - Managing Risks - 3 CPD points

 

We were privileged to have Kate Hollis (Senior Claims Executive, Thomas Miller [Australasia] Pty Ltd - TT Club) deliver a detailed presentation at our Sydney CPD & CBC Border and Biosecurity Compliance Program event on 6 April 2016 which addressed the following key issues:

  • Is the individual protected in case of action by regulatory agencies or third parties

  • Managing risks for licenced premises

  • Safeguarding commercial risk

  • Case studies – TCO audit, payment disputes, underbond movements


The session included a detailed question and answer session with panelists Kate Hollis, FTA's insurance adviser, James Cotis (Principal, Logical Financial Management)and Russell Wiese (Partner, Hunt & Hunt Lawyers).

We are please to release a recording of the session which is now available FREE AND EXCLUSIVE to FTA members - please click HERE

An online assessment for 3 customs broker CPD points (stream B) for this session "Customs Brokerage - Managing Risks" is also now available via ComplianceNet FTA - 3 CPD points stream B (Code FTA017) 

About ComplianceNetFTA

  • accredited webinars, recordings and e-Learning modules are available via
    ComplianceNetFTA

  • after completing online assessments you receive certification to demonstrate customs broker Continuing Professional Development (CPD) compliance.

  • each training and assessment package is available via ComplianceNetFTA at a cost of $38.50 (incl GST).

  • FTA members are entitled to an annual package for $165 (incl GST) per person to access all online CPD and Continued Biosecurity Competency (CBC) content.

  • further discounts apply should you elect to bundle this compliance training into a consolidated FTA premium membership for your business and employees - for further detail please contact Paul Zalai.

Looking to maintain 'best practice' compliance?


Join us at our upcoming CPD & CBC - Border and Biosecurity Compliance Program 

  • Full day (15 CPD points - 11am to 5.15pm) for customs brokers and importers (plus networking function) is available at $275 (incl GST)

  • Afternoon session with OTS / Australian Border Force for forwarders and exporters (plus networking function) is available at $82.50 (incl GST)
     

Full Day - Wed 7 Sept 2016 - Novotel, Brisbane Airport

Afternoon - Wed 7 Sept 2016 - Novotel, Brisbane Airport

Full Day - Wed 21 September 2016 - Novotel, Brighton Le Sands

Afternoon - Wed 21 September 2016 - Novotel, Brighton Le Sands

Full day - Wed 19 October 2016 - Mantra Hotel, Tullamarine

Afternoon - Wed 19 October 2016 - Mantra Hotel, Tullamarine

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