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With the Premium band status,FedEx will enjoy more streamlinedprocesses for customs facilitationthan shippers in lower bands forthree years, through 2026. Thisincludes waiver of security formost types of transactions,expedited clearance of shipments,reduced container sealing, andconsolidated declaration.
With enhanced customsfacilitation, FedEx customers can benefitfrom faster delivery timesand lower transportation costs. Thecertification helps ensure thesafety and security of the shipment,reducing the risk of loss ordamage, and offering greaterconvenience and peace of mind tocustomers.
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“This is a significantachievement for FedEx, and we are honored tobe recognized for ourcommitment to integrity and compliance at thehighest level,” saidEric Tan, Managing Director, FedEx ExpressSingapore. “This is atestament of our dedication to providingservice excellence for ourcustomers and making it easier for themto use FedEx, furtherfacilitating even greater growthopportunities forbusinesses.”
TradeFIRST is an integrated assessment frameworkthat evaluatescompanies and determines the level of facilitationaccorded bySingapore Customs. The framework is based on three keyprinciplesthat are aligned with Singapore Customs’ motto of makingtradeeasy, fair, and secure, and the Premium band status is thehighestlevel available in this programme. Under TradeFIRST,companies arerated holistically in five areas including companyprofile,inventory management and controls, compliance, proceduresandprocesses, and security.