Not everything is what it seems

Integrity is the most important essential element in the world of international trade, shipping, logistics, finance and insurance. Integrity in this respect stands for the entirety, the completeness of an organisation uncompromised by corruption or crime in its trading systems and with employers forming part of a worldwide supply-chain. Integrity can also be found in the objectives of an organisation and how culture, structure (security and integrity) procedures and instructions are implemented and upheld.
In a highly organised organisation these aspects will comply with the security and integrity standards applying for shipping and trade. However, even when a company has organised these matters well, this does not mean they are safeguarded against problems. With this in mind, please see the following example (for privacy names and places have been altered).

International Electronics is an international trader in consumer electronics, primarily mobile telephones, with a head office in Cyprus. For their trading transactions they generally follow an “on hold for payment” system. An order is prepared but held until payment has been received. An open credit line is available for a limited number of customers with a payment period of five days being applied.

Read the full article in Cargo Magazine on page 36

Nederlandse uitgave [ hier]   |  English edition [ here]

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