Common use of Risk Management Clause in Contracts

Risk Management. 1. Each Party shall base its examination, release and post-entry verification procedures on risk assessment principles, rather than requiring each shipment offered for entry to be examined in a comprehensive manner for compliance with import requirements. 2. Each Party shall adopt and apply its import, export and transit requirements and procedures for goods on the basis of risk management principles and focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, examination and release procedures and its post-entry verification clearance audit procedures on risk assessment principlesprinciples and audits, rather than requiring examining each shipment offered for entry to be examined in a comprehensive manner for compliance with all import requirements. 2. Each Party The Parties shall adopt and apply its their import, export export, transit and transit transhipment control requirements and procedures for goods on the basis of risk management principles and which shall be applied to focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, examination and release procedures and post-entry verification its post- clearance audit procedures on risk assessment principlesprinciples and audits, rather than requiring examining each shipment offered for entry to be examined in a comprehensive manner for compliance with all import requirements. 2. Each Party The Parties shall adopt and apply its their import, export export, transit and transit transhipment control requirements and procedures for goods on the basis of risk management principles and which shall be applied to focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, examination and release procedures and its post-entry verification procedures on risk assessment principlesprinciples and audits, rather than requiring examining each shipment offered for entry to be examined in a comprehensive manner for compliance with all import requirements. 2. Each Party shall The Parties agree to adopt and apply its their import, export export, transit and transit transhipment control requirements and procedures for goods on the basis of risk management principles and which shall be applied to focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, release release, and post-entry verification procedures on risk assessment principles, rather than requiring each shipment offered for entry to be examined in a comprehensive manner for compliance with import requirements. 2. Each Party shall adopt and apply its import, export and transit requirements and procedures for goods on the basis of risk management principles and that focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting a quality control and compliance reviews review that can may require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, release and post-entry post‑entry verification procedures on risk assessment principles, rather than requiring each shipment offered for entry to be examined in a comprehensive manner for compliance with import requirements. 2. Each Party shall adopt and apply its import, export and transit requirements and procedures for goods on the basis of risk management principles and focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, examination and release procedures and its post-entry verification procedures on risk assessment principlesprinciples and the use of audits, rather than requiring examining each shipment offered for entry to be examined in a comprehensive manner for compliance with all import requirements. 2. Each Party shall The Parties agree to adopt and apply its import, export and transit their control requirements and procedures for the importation, exportation, transit and transhipment of goods on the basis of risk management principles and which shall be applied to focus compliance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.

Risk Management. 1. Each Party shall base its examination, examination and release procedures and its post-entry verification procedures on risk assessment principlesprinciples and the use of audits, rather than requiring examining each shipment offered for entry to be examined in a comprehensive manner for compliance com­ pliance with all import requirements. 2. Each Party shall The Parties agree to adopt and apply its import, export and transit their control requirements and procedures for the importation, exportation, transit and transhipment of goods on the basis of risk management principles and which shall be applied to focus compliance compli­ ance measures on transactions that merit attention. 3. Paragraphs 1 and 2 do not preclude a Party from conducting quality control and compliance reviews that can require more extensive examinations.