BOC-Port of CDO launches 30-minute cargo releasing system FAST-CaRes

BOC-Port of CDO launches 30-minute cargo releasing system FAST-CaRes

CAGAYAN de Oro — The Bureau of Customs (BOC)-Port of Cagayan de Oro has on October 28, 2020 successfully launched the pilot implementation of the 30-minute cargo releasing project dubbed as the First ASEAN Standard Time-Cargo Releasing System (FAST-CaRes) Project.

The 2,500 metric ton bulk cargo of Pilipinas Kao Incorporated declared as Methanol imported from Indonesia was successfully processed and facilitated by the Port of Cagayan de Oro in just 26 minutes including the actual release of the cargo to the importer’s premises.

The achieved clearing-time for the bulk cargo of Pilipinas Kao, Inc. (PKI) under the program is expected to create a big boost in the business sector as well as improve the economic climate in Northern Mindanao.

“This will now be the new normal in the processing and releasing of bulk shipments in the region without sacrificing the mandate of this office on anti-smuggling and prevention of the entry of anti-social goods,” Atty. Roswald Joseph Pague, Head of Port of Cagayan de Oro Office of the Strategy Management (OSM) said.

District Collector John Simon commended the collaborative efforts of the port personnel in making this project a reality. In his statement, he recognized the feat as a testament of the Collection District’s determination to render services at par with global standards.

The project is the first in the country to adopt the ASEAN standard time of 30-minute clearance from the electronic lodgement of the Goods Declaration to the actual release of the cargo to the importer’s premises.

The succeeding implementation of the pilot program will be participated by other pre-selected companies classified as most trusted traders in Northern Mindanao engaged in the movement of bulk and break-bulk cargoes. However, containerized cargoes will not be covered by the program. Kiara Lauren Ibanez / BENJAMIN CUARESMA

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