Icc 2018 KYC And Supply Chain Paper Image

Know your customer, due diligence and maritime supply chain integrity

In November 2016, as part of efforts to combat the transportation of counterfeit goods, Brand Owners, vessels operators, and Freight Forwarders came together to sign a Declaration of Intent (“DOI”) to prevent the maritime transportation of counterfeit goods.

In November 2016, as part of efforts to combat the transportation of counterfeit goods, Brand Owners, vessels operators, and Freight Forwarders came together to sign a Declaration of Intent (“DOI”) to prevent the maritime transportation of counterfeit goods.

From that point, signatories have worked together intensively to develop voluntary guidelines in various areas to tackle the issue of counterfeit goods within the supply chain including “Best Practices in Know Your Customer (“KYC Best Practices”) for Maritime Operators” initially published in March 2018.

This paper incorporates the original KYC Best Practices to which further voluntary recommended best practices have been added which Maritime Operators, Brand Owners, and Suppliers can, acting independently and voluntarily, use as a first step to tackle the issue of counterfeit goods within the supply chain.

Maritime Operators, Brand Owners and Suppliers, acting independently and voluntarily, may decide as to whether and with whom they are doing business and who they independently choose to discontinue doing business with, subject to relevant laws.

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