Forwarders are calling for greater transparency in CASS as concern rises over IATA’s running of the cargo payments system.
The news comes after a GSSA has reported IATA to German financial supervisory authority Bafin.
The latest concerns stem from IATA’s “hinge accounts”, set up in a bid for efficiency and which enable the association to effectively offer credit to airlines.
The system changed from payment on funds collected, to payment on funds ‘reported’, essentially …

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Source: The Loadstar