TY - JOUR AU - Jakimovski, Zlatko PY - 2020/12/25 Y2 - 2024/03/28 TI - BANK GUARANTEE AS A MEAN OF SECURITY IN FREIGHT FORWARDING JF - Proceedings of the International Scientific Conference "Social Changes in the Global World" JA - SCGW VL - 1 IS - 3 SE - Articles DO - 10.46763/SCGW201-30069j UR - https://js.ugd.edu.mk/index.php/scgw/article/view/3991 SP - 69-81 AB - The evolution of the freight forwarding as a business concept and the tendency ofincreasing the obligations of the freight forwarder, increasing the quality and quantity ofthe services that are provided by the freight forwarder creates the urge of using differentfinancial instruments to be able to respond to the demand of the clients. The obligation ofthe freight forwarder to pay the customs fees towards the state on behalf of the client createsthe opportunity to use the bank guarantee in the freight forwarding. The customs fees are aserious attack of the liquidity of the traders and their “coverage” with a bank guarantee fromthe freight forwarder is an efficient method to accelerate the customs procedure and to providethe state with the customs expenses. Using the bank guarantee during the import customsprocedure positions the freight forwarder in the middle between the client and the state, notonly formally as a legal representative of the trader, but also as a crucial creditor of their clientand a guarantor payer in favor of the state. Therefore, the author of this paper throughoutan analysis of the role of the freight forwarder in the customs procedure and the functionsthat they provide on one side and the legal nature of the bank guarantee as well as the legalrelations that are created with its issuing as the most efficient method for payment securityon the other side, gives an answer why is the bank guarantee the most efficient and most usedmethod for securing the customs debt in the customs procedure. ER -