Control on Management of Assets

The Control on Management of Assets service entails checking up on the assets in order to identify any change, such as events, quality changes or transfers. In non-guaranteed financial transactions, this form of service can assist reduce credit risk.

This is an agreement between Global Cargo Inspections and one or more client(s), such as Debtor/Borrower, Creditor/Bank, depositor, etc. , under which Global Cargo Inspections is appointed to carry out the services with respect to the goods, where the scope, frequency and location(s) are predefined by the parties.

This means:

• The goods are under the control or custody of a third party (Depositor) not Global Cargo Inspections
• Global Cargo Inspections assumes no responsibility for quantity/quality differences or damages to the goods
• At the point of intervention, access to the goods must be granted to Global Cargo Inspections by the principals
• Global Cargo Inspections are at the installations only when there are dispatch/delivery operations
• Global Cargo Inspections has NO control over the storage facilities (no CMA service), and the release instructions are not given by Global Cargo Inspections but, only by the Creditor/Bank

• Global cargo Inspections through its SMA services (Stock Monitoring Agreement) and SMS (Stock Monitoring Services) has the ability to technically strengthen actions of the banks to ensure that the assets, which are part of a guarantee or loan, maintain the original conditions both in quantity and quality.
• Realization of collateral value in a " reasonable time frame" (BII §509), facilitated by the timely knowledge of any breach of the agreement.
• Physical inspection of the pledged assets (BII §522).
• Have an independent company that ensures the compliance with the contractual relationship between the borrower and lender.
• Minimize risks through the Stock Monitoring services Services, verifying quantity and condition of the goods and reporting results of quantity and quality of the goods that are part of a loan or guarantee.
• Define a risk profile system that allows to perform monitoring over time to avoid problems or surprises that put at risk the value of the goods.
• Provide the service through a qualified company that counts with specialized technical personnel in each type of goods or commodities.
• Achieve trust with customers to improve their productive processes.