DP World receives AEO-LO program accreditation from CBIC

Jul 29, 2024 - 16:43
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DP World receives AEO-LO program accreditation from CBIC

DP World, a leading provider of worldwide, smart, end-to-end supply chain solutions, has received the prestigious AEO-LO (Authorised Economic Operator for Logistic & Terminal Operators) certification. The certification, under the aegis of the World Customs Organisation (WCO) SAFE Framework of Standards, is awarded to companies whose operations strengthen global supply chain security and facilitate movement of legitimate goods.

In today’s volatile environment of global trade, this certification will underline and enhance DP World’s credentials as a reliable and secure logistics provider with deep expertise in ensuring efficient cross-border trade. The AEO-LO certification will streamline clearance procedures for DP World at all customs stations across India for a period of five-years.

Rajesh Pandey, Chief Commissioner of Customs, Mumbai Zone-II, Jawaharlal Nehru Custom House (JNCH) handed over the certification to DP World, represented by Akash Agrawal, Vice-President, Freight Forwarding, India subcontinent.

By adhering to AEO-LO’s stringent standards, DP World ensures secure multi-channel and multi-region movement of cargo for its customers and benefit from the ease of facilitation which is available in countries with whom India has signed the Mutual Recognition Agreement (MRA) like South Korea, Taiwan and Hong Kong Customs.

The certification also provides DP World with access to Direct Port Delivery (DPD) for import containers and Direct Port Entry (DPE) for export containers, thus reducing turnaround time and enabling faster movement of goods through customs stations in the country.

The AEO-LO certification is particularly beneficial for businesses involved in export-import activities, including freight forwarding and operations in Free Trade Warehousing Zones (FTWZs). The benefits of AEO certification include faster processing and clearance of cargo, deferred payment of duty, direct port delivery/entry, and benefits under Mutual Recognition arrangements (MRA).