Freight News, Road

IRU rejects TIR allegations

[ May 20, 2016   //   ]

The International Road Transport Union (IRU) says that allegations have been made to the Geneva State Prosecutor’s Office against the TIR (Transport International Routier) insurance scheme and the calculation of IRU’s reserves. IRU says that it “strongly and categorically rejects all of these unfounded allegations and that all funds are fully accounted for.
IRU adds that to date it has not received any notification, information or specific requests from the prosecutor regarding this complaint, but stands ready to collaborate as needed. In the meantime, IRU’s presidential executive will oversee an independent external audit to help clear these allegations.
IRU’s reserves and its insurance scheme are important elements for the proper functioning of the TIR system. It manages a global contract with insurer AXA to provide a guarantee to customs authorities, underpinned by its own financial reserves.
IRU has recently negotiated and obtained from the global insurer a higher guarantee coverage for each TIR Carnet, of €100,000, due to come into operation on 1 July. It adds that AXA, one of the largest insurance companies in the world, has fully evaluated the plan, and fully supports the changes and IRU’s ability to provide this level of guarantee.
The United Nations and IRU members have also endorsed the changes to the guarantee level and IRU’s financial ability to support them.

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