Security Controls and their depth directly commensurate with the propensity of security vulnerabilities and risks of the partner. Hence it may vary amongst similar organisations. Understanding the Security Criteria Business Partner Security The security of the supply chain is as strong as its weakest link! Hence, the implementation is effective through engagement, consultation and participation of the business partners. Organisation is required to identify its business partners, their processes, risks and mitigation controls and evaluate against internal standards of acceptance of security risks with the partner.
Written and verifiable processes for the screening and selection of business partners including foreign consolidators, customers, contractors, carriers, and vendors.
Periodically review the performance to detect weakness or potential weaknesses in security. Ensure that other providers within their supply chain also do the same. Organisations are required to map the processes of conveyance, identify the security risks and establish adequate controls to prevent their occurrence and deter any such attempts.
This could be done through adoption of electronic surveillance and alert technology either imbedded or attached. Ensure that all contracted service providers have procedures in place to maintain container integrity.
At point of stuffing, procedures must be in place to properly seal and maintain the integrity of the shipping containers with a high security seal. Verify the physical integrity of the container structure prior to stuffing, to include the reliability of the locking mechanisms. A seven-point inspection process is recommended for all containers prior to stuffing. Procedures must be in place for reporting and neutralizing unauthorised entry into containers or container storage areas.
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Have the requirements of the company officer and a clean record when carrying out the application. Apart from this, the cargo vessels must be handled only from the USA. The Company Portal Section will ask for information such as address and relevant contact information of the company.
Once this is completed, the "Submit" button must be clicked. The designated officer must fill the company information in the designated Security Profile. In the security profile, there is a section known as the Supply Chain Security Specialist SCSS , which will check the requirement if the company or entity meets the eligibility criteria for the certification. If the SCSS finds the practices adopted by your company meet the minimum security requirements, then Tier- II status will be granted to your company.
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Is there any form of penalty for not meeting the criteria for the license? What are the main objectives of the certification? What will happen to the information provided to the authority for the certification? What is the meaning of the term Mutual Recognition? What are the different benefits of Mutual Recognition? Related Articles. Fintech RBI establishes Fintech Department for development of Fintech Industry The developments and innovations in the Fintech industry are taking place in leaps and bounds.
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