When most people think of trade compliance, they likely think of an overly complicated, arduous, tedious, inefficient, and burdensome headache. While these are thoughts are very understandable, trade compliance regulations and requirements are a fact of life of international transportation and logistics. So as a global transportation and logistics provider that Challenges the Norm, Crane Worldwide Logistics chooses to think of trade compliance in a different way—as an opportunity to provide value to our customers by being knowledgeable, efficient in executing, and compliant with all applicable regulations and requirements involved in the services we provide in order to protect and manage risk for both Crane and our customers.
What is Trade Compliance?
Trade compliance includes export control and reporting, import clearance, anti-bribery, antitrust and competition, third-party agent vetting and management, supply chain security, and overall assessment and management trade regulatory risk. Trade compliance is interactive and all-inclusive. Nearly every employee at Crane participates in at least one element of trade compliance in their day-to-day activity, and both Crane and our customers share specific responsibilities under various trade compliance regulations.
How Does Crane Manage Trade Compliance?
Crane’s Global Trade Compliance Department is responsible for driving all aspects of trade compliance internally within Crane. This includes the development of policies and work instructions, developing training for all employees, implementing compliance efficiencies in our operation and applications, and establishing an audit program to ensure all compliance requirements are met. The Global Trade Compliance Department works directly with Crane’s Regional Customs and Compliance Directors and station Points of Compliance to implement and monitor corporate trade compliance initiatives in each station. The Regional Customs and Compliance Directors and station Points of Compliance are the backbone of Crane’s compliance efforts, each acting as the local experts of the import and export requirements in their particular country and region.
Resource Internally and Externally
In addition to driving Crane’s trade compliance program, the Global Trade Compliance Department also provides guidance to help resolve trade compliance issues and find solutions in accordance with the applicable regulations. By utilizing our own expertise and by leveraging the expertise of other subject matter experts within Crane, the Global Trade Compliance aims to be a valued resource both internally within Crane and externally to our customers. If you or your customer have a trade compliance issue or challenge, reach out to GlobalTradeCompliance@craneww.com and the team will work to find a solution in compliance with applicable laws and regulations.