The Malta Independent 8 December 2022, Thursday
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Customs awards Thomas Smith Authorised Economic Operator status

Wednesday, 1 March 2017, 20:06 Last update: about 7 years ago

Thomas Smith was recently awarded the Authorised Economic Operator (AEO) status by the Malta Customs Department. The World Customs Organisation introduced the AEO concept to the customs legislation in order to balance the rules on security controls and to facilitate trade of compliant economic operators. 

Certification is achieved by businesses that meet strict customs criteria by demonstrating quality, compliance and trustworthiness in the international supply chain. AEO is in fact an accreditation recognised throughout the EU and internationally.

Thomas Smith has fulfilled the criteria laid down in the Union Customs Code Regulation and Commission Implementing Regulation, and is now formally recognised by customs as a trusted partner and is entitled to benefits in customs-related procedures. A set of common criteria were met, involving customs compliance, appropriate record-keeping, financial solvency, competence, and appropriate security and safety standards.

AEO certification is granted to any economic operator involved in the international supply chain, including freight forwarders, customs brokers, carriers, ports and terminal operators, as well as manufacturers, and importers/exporters. AEO status is continuously monitored and can be reassessed to ensure continuous compliance with the strict criteria set.

Thomas Smith is a group of companies offering a diversified portfolio of services in shipping, logistics, and insurance.

 


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