The WACO System

The WACO System (World Air Cargo Organisation) is an exclusive network consisting of a number of independent freight management companies.

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WACO urges members to prepare for ICS2 & enhance insurance cover


Delegates at WACO’s 98th Annual General Meeting were advised to prepare themselves and customers for incoming regulations and ensure company insurance policies reflect global risks

London, UK, Wednesday, 1 May, 2024: The WACO System (WACO) recently welcomed 122 delegates to its 98th Annual General Meeting in Istanbul, a three-day event co-hosted with ENCO Logistik ve Ticaret A.S., WACO member for Turkey.

Representatives from independent freight and logistics companies from 106 countries were reminded to review and reinforce their insurance policies in response to dynamic challenges shaping the logistics landscape worldwide.

In a session on market disruptions and the challenges facing global freight today, Lars Jensen, CEO of Vespucci Maritime, emphasised the need to be prepared in the face of geopolitical uncertainties.

“There is no doubt that the logistics industry is facing serious challenges across the globe – regional instability in the Middle East, for example, could lead to significantly longer transit times, and companies should consider developing strategies tailored for circumstances similar to those experienced during the pandemic,” said Jensen, CEO of Vespucci Maritime.

“Companies should review their readiness to handle cyber-attacks that could directly affect supply chains and verify that insurance policies cover emerging scenarios that might not have been previously anticipated.”

In another session, Bryn Heimbeck, President and Co-Founder of Trade Tech Inc., reminded delegates to familiarise themselves with incoming Import Control System 2 (ICS2) requirements.

“Businesses should update IT systems and ensure that operations staff and agents are trained and familiar with the requirements. Freight Forwarders and NVOCCs will also have to ensure that their customers are prepared to comply with this new regulation, and this includes securing and distributing their EORI number,” said Heimbeck.

With over 1,000 bilateral meetings and a programme of topical sessions from industry experts, WACO’s Annual General Meeting is an opportunity for members to reinforce their industry knowledge and enhance collaboration.

“This year’s AGM was a huge success,” said Richard Charles, WACO CEO.

“With regulatory changes and an evolving risk landscape ahead of us, the importance of readiness cannot be overstated.”

WACO’s Annual General Meeting (AGM) took place in Istanbul, Turkey, from 14th – 17th April 2024, sponsored by Trade Tech Inc.

About WACO

Founded in 1973, WACO is the world’s foremost independent global freight management and logistics organisation.

WACO has a community of 127 members in 119 countries with a combined network of more than 400 locations, employing over 21,000 freight professionals who handle over 1.85 million shipments each year including one million tonnes of airfreight.

The exclusive network has a combined annual turnover of USD four billion.

The company is an Association owned by its members with its Corporate Head Office in Zurich, Switzerland, and operational management in London, UK.

More at waco-system.com

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WACO urges members to prepare for ICS2 & enhance insurance cover

Delegates at WACO’s 98th Annual General Meeting were advised to prepare themselves and customers for incoming regulations and ensure company insurance policies reflect global risks

London, UK, Wednesday, 1 May 2024: The WACO System (WACO) recently welcomed 122 delegates to its 98th Annual General Meeting in Istanbul, a three-day event co-hosted with ENCO Logistik ve Ticaret A.S., WACO member for Turkey.

Representatives from independent freight and logistics companies from 106 countries were reminded to review and reinforce their insurance policies in response to dynamic challenges shaping the logistics landscape worldwide.

In a session on market disruptions and the challenges facing global freight today, Lars Jensen, CEO of Vespucci Maritime, emphasised the need to be prepared in the face of geopolitical uncertainties.

“There is no doubt that the logistics industry is facing serious challenges across the globe – regional instability in the Middle East, for example, could lead to significantly longer transit times, and companies should consider developing strategies tailored for circumstances similar to those experienced during the pandemic,” said Jensen, CEO of Vespucci Maritime.

“Companies should review their readiness to handle cyber-attacks that could directly affect supply chains and verify that insurance policies cover emerging scenarios that might not have been previously anticipated.”

In another session, Bryn Heimbeck, President and Co-Founder of Trade Tech Inc., reminded delegates to familiarise themselves with incoming Import Control System 2 (ICS2) requirements.

“Businesses should update IT systems and ensure that operations staff and agents are trained and familiar with the requirements. Freight Forwarders and NVOCCs will also have to ensure that their customers are prepared to comply with this new regulation, and this includes securing and distributing their EORI number,” said Heimbeck.

With over 1,000 bilateral meetings and a programme of topical sessions from industry experts, WACO’s Annual General Meeting is an opportunity for members to reinforce their industry knowledge and enhance collaboration.

“This year’s AGM was a huge success,” said Richard Charles, WACO CEO.

“With regulatory changes and an evolving risk landscape ahead of us, the importance of readiness cannot be overstated.”

WACO’s Annual General Meeting (AGM) took place in Istanbul, Turkey, from 14th – 17th April 2024, sponsored by Trade Tech Inc.

About WACO

Founded in 1973, WACO is the world’s foremost independent global freight management and logistics organisation.

WACO has a community of 127 members in 119 countries with a combined network of more than 400 locations, employing over 21,000 freight professionals who handle over 1.85 million shipments each year including one million tonnes of airfreight.

The exclusive network has a combined annual turnover of USD four billion.

The company is an Association owned by its members with its Corporate Head Office in Zurich, Switzerland, and operational management in London, UK.

More at waco-system.com

Our Vision

The objective of SESAR is to modernise European ATM by defining, developing and delivering new or improved technologies and procedures (SESAR Solutions).

SESAR’s vision builds on the notion of trajectory-based operations’ and relies on the provision of air navigation services (ANS) in support of the execution of the business or mission trajectory — meaning that aircraft can fly their preferred trajectories without being constrained by airspace configurations.

SESAR Deployment Manager

The SESAR Deployment Manager (SDM) function is defined by the Article 9 of Commission Implementing Regulation (EU) N°409/2013. Under the oversight of the European Commission, the SDM function consists of the synchronisation and the coordination of the deployment of the Common Projects. A Common Project is a Commission Implementing Regulation which mandates the implementation of the most essential operational changes in the European ATM Master Plan by the Member States of the European Union and their operational stakeholders. The first Common Project is known as the Pilot Common Project (PCP) and is defined by the Regulation (EU) N°716/2014. The SDM synchronises and coordinates implementation against the SESAR Deployment Programme which is a project view of the Common Projects organizing their implementation into optimum sequences of activities by all the stakeholders required to implement. To develop and maintain the SESAR Deployment Programme in close consultation with all the stakeholders is another important task under the SDM function.