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Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive TT Club
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Page 1: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Customs Brokers: Managing Risks

Kate Hollis, Senior Claims Executive – TT Club

Page 2: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Cargo Handling Facilities

Transport and Logistics Operators

Port

Authorities

Container Insurance

What we do…

Bulk

Terminals

Page 3: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Global business – local service

Sydney

Auckland

London

Key:

Regional Headquarters

Regional Offices

Network Partners

London

New Jersey

Buenos Aires

Tokyo

Seoul

Taipei

Sydney

Shanghai

Hong Kong

Hamburg

Genoa

Durban

Moscow

Antwerp

Barcelona

Singapore

Dubai

San Francisco

Mumbai Manila

Page 4: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Contents

Introduction 5

Managing risks 9

Liability Insurance 12

Recent claims 14

Practical tips 20

Q&A 22

Weblinks 23

4 established expertise

Contents

Page 5: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Introduction

Page 6: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

TITLE OF SECTION

Page 7: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Changing Landscape

Challenges

Balancing act

Licence holder duties

Your clients

Increased liability exposure

Professional indemnity

Fines

Legal/expert costs

Fraud

7 established expertise

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Page 9: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Managing risk

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Page 11: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Managing Risks

Role of the Insurance Broker vs. Underwriter

Who and what is insured?

Individual Broker vs the Business

Scope of cover

Exclusions

11 established expertise

Page 12: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Liability Insurance

Page 13: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Transport Operator Cover: Standard Risks

Cargo Liabilities

Errors & Omissions

Third Party Liabilities

Fines & Duty

Costs

13 established expertise

Page 14: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Recent claims

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Tariff Classification – Errors & Omissions

established expertise 15

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Tariff Concession Order – Errors & Omissions

established expertise 16

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Over Paid Duty – Errors & Omissions

established expertise 17

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Bonded Warehouse – Duty

established expertise 18

Page 19: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Infringement Notice Scheme – Fines

established expertise 19

Page 20: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

You should remember…

Page 21: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

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Take away points

Where to start ?

Copy of insurance certificate

Claims made or claims occurring?

Services covered

Heads of cover

Excess and limits

Expert costs covered ?

Discuss with your insurance broker

21 established expertise

Page 22: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

[email protected]

Now time for Q&A…

www.ttclub.com

Page 23: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Weblinks Legislation

• Customs Act 1901: https://www.border.gov.au/Importingandbuyinggoodsfromoverseas/Documents/customsact1901.pdf

• Customs Regulations 2015: https://www.legislation.gov.au/Details/F2015L00375

• Crimes Act 1914: https://www.legislation.gov.au/Details/C2016C00121

Tariff Concession Orders / Tariff Classification

• Tariff Concession System: https://www.border.gov.au/Factsheets/Documents/TariffConcessionSystemWEBNov2011.pdf

• Commentary on strict application of TCOs in the case of J M Gillies Agencies Pty Ltd v CEO of Customs:

http://www.gadens.com/publications/Pages/AAT-reels-in-use-of-TCOs-once-again.aspx

• Interpretation of wording of TCOs: https://www.border.gov.au/about/reports-publications/discussion-papers-submissions/interpretation-tariff-

concession-orders

• When you can and cannot claim a TC: http://www.hunthunt.com.au/news-and-publications/cgt/tariff-concessions

• Case of Voxson Sales v Controller of Customs: https://jade.io/j/#!/article/212575

• Current Tariff Classifications: https://www.border.gov.au/Busi/Tari/Curr

• Case of Brand Developers: https://www.cbfca.com.au/documents/e-bulletins/aata_2015_215.pdf

Duty

• Refund of Import Duty: https://www.border.gov.au/Busi/Duty/Refu

• Owner of goods: http://www.austlii.edu.au/au/legis/cth/consol_act/ca1901124/s4.html

Page 24: Customs Brokers: Managing Risks - Freight Trade Alliance · Customs Brokers: Managing Risks Kate Hollis, Senior Claims Executive – TT Club

Weblinks

Warehouses and Depots

• https://www.border.gov.au/Busi/Lice/Ware

• s.35A Customs Act: http://www.austlii.edu.au/au/legis/cth/consol_act/ca1901124/s35a.html

• Under Bond Movement Requests: https://www.border.gov.au/Cargosupport/Documents/helpful_hints_underbond.pdf

• UBMR (Air): https://www.border.gov.au/Cargosupport/Documents/qrg_air_underbond_movement_.pdf

• UBMR (Sea): https://www.border.gov.au/Cargosupport/Documents/qrg_sea_ubmr.pdf

• s.33A Customs Act: http://www.austlii.edu.au/au/legis/cth/consol_act/ca1901124/s33.html

Infringement Notice Scheme

• s.243 Customs Act – False or Misleading Statement: http://www.austlii.edu.au/au/legis/cth/consol_act/ca1901124/s243t.html

• Infringement Notice Scheme Guide: https://www.border.gov.au/border-news/Documents/insguide014.pdf

• Strict Liability: http://legal-dictionary.thefreedictionary.com/strict+liability

Insurance

• TT Club cover: http://www.ttclub.com/our-cover/transport-operators/

• Underwriter vs Broker: https://www.linkedin.com/pulse/what-difference-between-insurance-broker-underwriter-terry-miller

• Piggybacking: https://www.border.gov.au/Customsnotices/Documents/acbpnguidancetobrokers-preventingidentitytheft.pdf


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