The forwarding industry has questioned IATA’s decision to require ‘potentially ruinous’ financial securities for some companies wishing to use CASS, its settlement system, as exclusively revealed by The Loadstar yesterday.
New offices, new company names, or new locations – even for established forwarders – could result in the need to give IATA 20% of air cargo sales turnover in deposits, or expensive bank guarantees.
IATA did not respond to The Loadstar’s question …
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