GlossaryEN1 min readUpdated: Jun 18, 2026
Risk assessment
Unlike general supply-chain risk analysis, risk assessment in the customs context focuses specifically on regulatory and compliance hazards within the customs clearance process.
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Source: https://www.iso.org/iso-31000-risk-management.html
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Incoterms 2020 Simulator: Who bears costs & risk?
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Definition & Explanation
Unlike general supply-chain risk analysis, risk assessment in the customs context focuses specifically on regulatory and compliance hazards within the customs clearance process. It typically begins before goods arrive: declaration data, commodity descriptions, customs value documentation, and trading partners are systematically reviewed. Based on this analysis, control measures are prioritized – ranging from document checks to X-ray scanning and physical inspection – to address risks efficiently without unnecessarily extending clearance times. Customs authorities apply risk assessment systematically to concentrate resources on genuinely high-risk consignments; companies use it to check declarations for error potential before submission.
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