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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

Risk Management. 1. A Each Party shall adopt the or maintain a risk management approach in system for assessment and targeting that enables its customs activities based on its identified risk of goods in order administration to facilitate the clearance of low risk consignments, while focusing focus its inspection activities on high-risk goods and that simplifies the clearance and movement of low-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. 2. The Parties In order to facilitate trade, each Party shall apply periodically review and further develop update, as appropriate, the risk management techniques system specified in the performance of their customs compliance activitiesparagraph 1. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques used in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of adopted by their customs proceduresadministrations.

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 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. (ii) The Parties shall exchange information on risk management techniques in the performance of their customs procedures.;

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. 2. The Parties Neither Party shall apply and further develop risk management techniques in the performance of their customs compliance activitiesa manner that may lead to arbitrary or unjustifiable discrimination or disguised restrictions to international trade. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop adopt risk management techniques in the performance approach to customs activities based onthe risks of their customs compliance activities.goods it has identified, in 32. The Parties shall exchange information on risk management techniques in the inthe performance of their oftheir customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall shal exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques used in the performance of their customs procedures.

Risk Management. 1. A Each Party shall adopt the or maintain a risk management approach in system for assessment and targeting that enables its customs activities based on its identified risk of goods in order administration to facilitate the clearance of low risk consignments, while focusing focus its inspection activities on highhigh- risk goods and that simplifies the clearance and movement of low-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. 2. The Parties In order to facilitate trade, each Party shall apply periodically review and further develop update, as appropriate, the risk management techniques system specified in the performance of their customs compliance activitiesparagraph 1. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.

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 customs compliance activities at the time of entry shall not normally exceed 5 per cent of total customs transactions. 2. The Parties shall apply and further develop risk management techniques in the performance of their customs compliance activities. 3. The Parties shall exchange information on risk management techniques in the performance of their customs procedures.