What is Data Retention?
Data Retention The regulated storage period for transport, customs, and trade documentation, as set by customs authorities, regulatory bodies, or contractual obligations.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Data Retention” Used in Practice?
Under WCO rules, data retention of shipping and customs records must be ensured for at least five years.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Data Retention?
The regulated storage period for transport, customs, and trade documentation, as set by customs authorities, regulatory bodies, or contractual obligations.
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