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Warehousing Collateral Management Services
Collateral Management Services
SGS collateral management services consist of receiving physical commodities into storage and retaining control over them until SGS is instructed to release them in accordance with predetermined terms of agreement. Physical control is achieved by obtaining and regulating technical and security aspects of the storage facilities in accordance with SGS internal standards. Legal control of the storage facilities is secured through the execution of a lease agreement with the owner of the facilities. Additional services such as sampling, analysis and insurance of the goods in storage are available upon request. Unless local legislation or the agreement require that documents of title be issued, receipt of the physical commodities into storage by SGS is evidenced by the issuance of non-negotiable warehouse receipts.
Significant features:
SGS Risk Management Process
- Risk Identification
- Risk Measurement
- Risk Control
- Risk Financing
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SGS CM
Quality Assurance System
- Consistent quality
and identifiability - Certified Quality System
according to ISO 9001:2000 norms - Independent audit procedures
- Implied countries are
ISO 9001:2000 certified
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SGS Insurances - All risks cargo insurance
- Political risks insurance
- War risks insurance
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Warehousing
Warehousing entails the safekeeping of goods on behalf of the owner (depositor) in a warehouse under the control of the custodian. In a warehousing relationship, no party is involved other than the Depositor and the Custodian.
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