Maxpeed Co., Ltd. (Maxpeed), one of Korea’s major freight forwarders specialized in consolidation service said that it has won an AEO-certification first in Korea on freight-forwarding as a Korea’s consolidation service provider.
The TFT (task force team) composed of Maxpeed’s working-level staffs from all its concerned departments has been geared up since last year to meet the requirements for AEO-certification, and has won the first AEO-certificate as a consolidation player in Korea by passing the strictest test covering the compliance with law and regulations, financial soundness, in-house controlling system, safety management and others.
A Maxpeed insider involved with AEO-certification said: “Maxpeed, a consolidation specialist, has taken two years to be fully prepared to meet the requirements for the strict AEO-certification test on all aspects including in-house facilities and controlling system. Korea’s first AEO-certification on Maxpeed confirms that its service and service reliability have been certified at home and abroad.”
AEO (Authorized Economic Operator) is an enterprise certified by the domestic customs house on its compliance with the Supply Chain Safety Standards laid down by the WCO (World Customs Organization), --the enterprise which has been publically certified in the said respect among logistics players including shippers, customs house brokers, freight forwarders, warehousing players, shipowners, airlines, stevedores and others.
In particular, the AEO-certificate is not only valid at home but also overseas in those countries which are signatory parties to MRA (Mutual Recognition Arrangement). AEO-certified enterprises can also enjoy various favors provided by Korea’s customs house such as minimized export-import inspection, lowest sorting ratio, simplified declaration, reduced fines and others.
The AEO-certification has enabled Maxpeed to preemptively attract shippers in response to their mounting request for the certification. Maxpeed is expected to provide safer and faster service to its clients on the back of the various favors including simplified customs clearance.