U-Freight Adds Security Accreditation

Hong Kong, China, November 24, 2007 --(PR.com)-- The latest approval follows earlier certification of U-Freight’s Hong Kong import and logistics warehouse, as well as the company’s facilities at Changi Logistics Centre and Changi Airfreight Centre in Singapore.

Accreditation at Shanghai, which is the operational HQ of one of U-Freight subsidiaries, Dalian China Express, followed assessment by auditors from Lloyd’s Register Quality Assurance (LRQA) to ensure that the security operations, management system and related trucking operations conform to the most recent TAPA FSR 2007 requirements.

The TAPA FSR 2007 audit scrutinised many different operational aspects of the warehouse, which, collectively, are rated in one of three classes; A, B or C. Classification A is only awarded to warehouses that meet the strictest security requirements, where it is apparent that freight is guaranteed to be secure at every point in the supply chain process.

Comments U-Freight CEO, Simon Wong: “Certification and membership of TAPA complements our existing security arrangements and provides a globally acknowledged standard for the protection of goods in transit.

“At U-Freight, we are determined to play an active role in the development of freight security in the supply chain and our aim is to maintain a secure environment and preserve the integrity of each of our freight facilities around the world to protect our customers’ assets at every stage of their transportation,” added Wong.

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Notes to editors: TAPA is a non-profit organisation, first established in the USA with the aim of setting new industry standards to reduce the risk of loss in the manufacture, transportation and distribution of high technology products.

Prior to 1997, when forwarding companies transported goods; compensation for lost or damaged goods was based on the Warsaw Treaty (1929). This treaty allowed for compensation in the event of loss or damage to the goods of up to US$20/kg. However, given that the value of most, if not all hi-tech goods is well above that level (averaging US$5,000/kg), this level was unacceptable to most hi-tech companies. In order to obtain potentially higher levels of compensation from their own all-risks insurance, hi-tech companies recognised that they had to enforce higher standards of security for goods in transit if they were to convince insurers.

Because of this, a group of high profile companies joined together and established TAPA. Soon after, freight-forwarders joined the association and today TAPA certification is the hi-tech industry's de-facto global standard of security.