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Traders  & Businesses Masthead

How It Will Impact Me - The Five Bands



We adopt the risk management approach to classify the facilitations into 5 bands - Basic, Standard, Intermediate, Enhanced and Premium.

The higher your TradeFIRST rating with Singapore Customs, the more facilitations you can enjoy. A company that qualifies for a higher band will get the facilitations in that band as well as those facilitations in the lower bands, provided certain essential criteria of the specificfacilitations are met. 

Generally, to qualify for any schemes or programmes like Licensed Warehouse Scheme, the company must at least be assessed to be in the Standard band.  

Companies assessed to be in the Basic band will continue to enjoy generic facilitation such as TradeNet account, Temporary Import Scheme etc.  The Basic band also covers companies that are not assessed under the Framework. 

The Five Bands

Facilitation and schemes are grouped according to the following 5 bands:

Premium band

Enhanced band

Intermediate band

Standard band

Basic band

 

Contents
 

>  About TradeFIRST

> Benefits

How it will impact me - The Five Bands 

Assessment Process
 
Assessment Criteria
 
Self-Assessment Guidelines

Application

Our Premium Partners
 
FAQs on TradeFIRST

> Online Survey Results 





Last reviewed on 15 April 2014
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