Industry News

Courtney Agencies Ltd. provides a weekly industry news update to its clients.

Please click here to receive this update by email.

 

 

 

 

Customs &
Trade News

Transport &
Trade News


September 27, 2018

Container lines and brand owners tackling trade in counterfeit goods

Representatives from major global brands (whose products are often counterfeited) and maritime companies announced that they have developed a set of best practices for the maritime industry to reduce the volume of counterfeits shipped around the globe through checks on their customers and supply chains.

The recommended best practices were developed as part of the on-going collaboration of signatories to the 'Declaration of Intent to stop the Maritime transport of counterfeits', a joint effort between key members of the global shipping industry and brand owners to work together to prevent the transport of counterfeit goods on shipping vessels.

The new recommended best practices paper builds on a previous document on Know Your Customer (KYC), which was launched last March. This new document expands to cover due diligence recommendations for existing customers, as well as further voluntary measure for both brands and maritime operators to improve the integrity of their relationships throughout the maritime supply chain.

"The launch of the KYC, Due Diligence and Supply Chain Integrity Best Practices paper is one more concrete example of the successful collaboration between brand owners, vessel operators and freight forwarders who have come together under the Declaration of Intent," says Sophie Peresson, Director of ICC's Business Action to Stop Counterfeiting and Piracy (BASCAP).

"We all have our own perspectives and experiences but we needed to create something that works well for all of us-voluntary best practices aimed at helping companies prevent the maritime shipment of counterfeits and which fit into companies' supply chain procedures."

Source: International Chamber of Commerce