Simplified bond module enables single multi utilisation bonds for custodianship and transhipment with electronic re crediting on proof of transfer. Adopt a single electronic bond module to eliminate multiplicity and permit multi utilisation of bonds for custodianship and transhipment; utilize existing mother bond practice and amend guarantees to cover transhipment. Once inter port message exchange is operational, the EDI bond module will automatically re credit bond value on receipt of electronic proof of safe landing or certificate of transfer at the destination, in conformity with the Goods Imported (Condition of Transhipment) Regulation, with the Directorate of Systems and Data Management implementing the electronic mechanism.
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Simplified bond module enables single multi utilisation bonds for custodianship and transhipment with electronic re crediting on proof of transfer.
Adopt a single electronic bond module to eliminate multiplicity and permit multi utilisation of bonds for custodianship and transhipment; utilize existing mother bond practice and amend guarantees to cover transhipment. Once inter port message exchange is operational, the EDI bond module will automatically re credit bond value on receipt of electronic proof of safe landing or certificate of transfer at the destination, in conformity with the Goods Imported (Condition of Transhipment) Regulation, with the Directorate of Systems and Data Management implementing the electronic mechanism.
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