Why Appoint an ASBA Certified Agent?
Since February of 2005, ASBA Agent Members have raised the “quality” bar for agency companies operating in the United States and Canada by implementing a Certification Process.
ASBA Agent Member Certification provides minimum standards for agency providers:
- Annual Certified Public Account Procedural Review to certify that advanced funds are supported by detailed receipts and invoices and that separate files are kept by principal with supporting documentation.
- Agent members attest that undisputed accounts are settled in accordance with the agent’s agreement with principals and/or vendors.
- Adequate Insurance coverage meeting the following minimum requirements:
Automobile
Workmen’s Compensation for USL&H as required
General Liability of $1Million per event
- Member Employees are trained and professional
- Member agrees that all issues regarding non-compliance are under the auspicious of the ASBA Ethics and Grievance Committee and can face possible suspension of and/or expulsion from membership.
Certified Agent Members also meet the criteria for the Federation of National Associations of Ship Brokers & Agents’ Quality Standard (Internationally Recognized Standard)
ASBA’s Certification and FONASBA’s Quality Standard have been embraced by all major Owner’s Associations: BIMCO, INTERTANKO & INTERCARGO
