Common use of Risk Management Clause in Contracts

Risk Management. 1. A Party shall adopt the risk management approach in its customs activities based on its identified risk of goods in order to facilitate the clearance of low risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 8 contracts

Samples: Comprehensive Economic Cooperation Agreement, Comprehensive Economic Cooperation Agreement, Comprehensive Economic Cooperation Agreement

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Risk Management. 1. A Party The Parties shall adopt the a risk management approach in its customs activities activities, based on its identified risk of goods goods, in order to facilitate the clearance of low risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 5 contracts

Samples: Trade Agreement, Trade Agreement, www.mof.gov.kw

Risk Management. 1. A Each Party shall adopt work to further enhance the use of risk management approach techniques in the administration of its customs activities based on its identified risk of goods in order procedures so as to facilitate the clearance of low low- risk consignments, while focusing its inspection activities goods and allow resources to focus on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 3 contracts

Samples: Trade Agreement, Trade Agreement, Trade Agreement

Risk Management. 1. A Party (i) The Parties shall adopt the risk management approach in its customs activities based on its identified risk of goods in order to facilitate the clearance of low risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.; and

Appears in 3 contracts

Samples: Trade Agreement, Trade Agreement, docsonline.wto.org

Risk Management. 1. A Party shall The Parties should adopt the risk management approach in its customs activities based on its identified risk of goods in order to facilitate the clearance of low risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 3 contracts

Samples: findrulesoforigin.org, findrulesoforigin.org, www.enterprisesg.gov.sg

Risk Management. 1. A Each Party shall adopt the a risk management approach in its customs activities based on its identified risk of goods in order to facilitate the clearance of low low-risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 2 contracts

Samples: Agreement, www.enterprisesg.gov.sg

Risk Management. 1. A Each Party shall adopt the a risk management approach in its customs activities based on its identified risk of goods in order to facilitate the clearance of low low-risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that 2. The Parties shall exchange information on risk management techniques adopted by their customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactionsadministrations.

Appears in 2 contracts

Samples: Agreement, Agreement

Risk Management. 1. A Each Party shall adopt the a risk management approach in its customs activities activities, based on its identified risk of goods goods, in order to facilitate the clearance of low low-risk consignments, consignments while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 2 contracts

Samples: jusmundi.com, investmentpolicy.unctad.org

Risk Management. 1. A Each Party shall adopt the a risk management approach in its customs activities activities, based on its identified risk of evaluation criteria concerning goods and supply chain entities, in order to facilitate the clearance of low risk consignments, while focusing its inspection activities customs control on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 1 contract

Samples: Comprehensive Economic Partnership Agreement

Risk Management. 1. A Each Party shall adopt the a risk management approach in its to customs activities based on its the identified risk risks of goods goods, in order to facilitate the swift clearance of low low-risk consignments, while focusing consignments and focus its inspection activities on high-risk goods. Accordingly, each Party undertakes that 2. The Parties shall exchange information on risk management techniques in the performance of their customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactionsprocedures.

Appears in 1 contract

Samples: edit.wti.org

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Risk Management. 1. A Each Party shall adopt the a risk management approach in its to customs activities based on its the identified risk risks of goods goods, in order to facilitate the swift clearance of low low-risk consignments, while focusing consignments and focus its inspection activities on high-high- risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 1 contract

Samples: edit.wti.org

Risk Management. 1. A Each Party shall adopt the use risk management approach in its to determine control measures with a view to facilitating legitimate trade, and expediting customs activities based on its identified risk clearance and release of goods in order to facilitate the clearance of low risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 1 contract

Samples: 2017 Free Trade Agreement

Risk Management. 1. A Each Party shall adopt the a risk management approach in its customs activities activities, based on its identified risk of evaluation criteria concerning goods and supply chain entities, in order to facilitate the clearance of low low-risk consignments, while focusing its inspection activities customs control on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 1 contract

Samples: Economic Partnership Agreement

Risk Management. 1. A Party The Parties shall adopt the a risk management approach in its customs activities activities, based on its identified risk of goods goods, in order to facilitate the clearance of low low-risk consignments, while focusing its inspection activities on high-risk goods. Accordingly, each Party undertakes that customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions.

Appears in 1 contract

Samples: Trade Agreement

Risk Management. 1. A Each Party shall endeavor to adopt the or maintain risk management approach in systems that enable its customs activities based on authority to focus its identified risk of goods in order to facilitate the clearance of low risk consignments, while focusing its control and inspection activities on high-risk goods. Accordinglygoods and to simplify the clearance and movement of low-risk goods through customs, each Party undertakes that customs compliance activities at while respecting the time confidential nature of entry shall not normally exceed 5 per cent of total customs transactionsinformation obtained through such activities, in accordance with its legislation.

Appears in 1 contract

Samples: Customs Valuation Agreement

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