What is Broker Record?
Broker Record A formal log or file maintained by licensed customs brokers documenting all transactions, declarations, and correspondence for compliance and audit purposes.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Broker Record” Used in Practice?
All customs declarations handled by the broker must be entered into the broker record for regulatory inspection.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Broker Record?
A formal log or file maintained by licensed customs brokers documenting all transactions, declarations, and correspondence for compliance and audit purposes.
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