What is Guarantee Release?
Guarantee Release Official discharge of a financial or customs guarantee after successful completion of obligations, such as clearance, transit, or storage under customs supervision.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Guarantee Release” Used in Practice?
Guarantee release is completed once the customs office verifies all shipment compliance requirements are met.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Guarantee Release?
Official discharge of a financial or customs guarantee after successful completion of obligations, such as clearance, transit, or storage under customs supervision.
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