What is Risk Assessment?
Risk Assessment Systematic identification, analysis, and evaluation of risks in customs clearance, shipping, storage, and transit to determine mitigation and compliance actions.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Risk Assessment” Used in Practice?
Customs authorities conduct a risk assessment before releasing goods from bonded storage to ensure compliance with safety and regulatory standards.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Risk Assessment?
Systematic identification, analysis, and evaluation of risks in customs clearance, shipping, storage, and transit to determine mitigation and compliance actions.
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