First international logistics firm get ‘trusted trader’ tag
Bollore Logistics has become the first international transport and logistics company in the country to be officially accredited as an Australian Trusted Trader under the Australian Economic Operator (AEO) program.
The certification is applicable to all of the transport firm’s five sites in Australia at Brisbane, Darwin, Melbourne, Perth and Sydney.
Obtaining the accreditation is the result of extensive audit processing, which satisfies the AEO that Bollore Logistics in Australia ‘sets and maintains the highest level of international supply chain and customs compliance’.
“Being certified an Australian Trusted Trader further supports and facilitates the handling of clients’ international supply and expedites the flow of legitimate trade from all sites in Australia,” said Michael Pinnock, national customs manager at Bollore Logistics Australia.
According to Bollore, the agreement will reduce cargo inspections at the border, improve cargo lead time, duty deferral, streamlined reporting and priority trade services.
The deal will also ease the customs regulatory burden for Australian exporters entering foreign markets.
The logistics company’s Singaporean arm has also recently unveiled plans to invest in a S$10 million (US$7.2 million) automated logistics facility for French luxury group LVMH.
The 20,000sqm facility will be built as a shared investment between Bollore and LVMH.
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