Visibility and Tracking
Custody Record
An official, time-stamped log or document recording every transfer of physical possession or control of a shipment, package, or asset along the supply chain, as required for security, liability, and regulatory compliance.
Quick answer: An official, time-stamped log or document recording every transfer of physical possession or control of a shipment, package, or asset along the supply chain, as required for security, liability, and regulatory compliance.
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Quick answer
An official, time-stamped log or document recording every transfer of physical possession or control of a shipment, package, or asset along the supply chain, as required for security, liability, and regulatory compliance.
Why it matters
Custody Record matters because it supports clear communication in Visibility and Tracking contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Editorial context
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Definition
An official, time-stamped log or document recording every transfer of physical possession or control of a shipment, package, or asset along the supply chain, as required for security, liability, and regulatory compliance.
Operational example
A custody record is completed at each handover point, noting the time, date, parties involved, and condition of the shipment for audit and compliance verification.
Definition language
English reference definition
Source
Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
Exam relevance
- FIATA Diploma
- CILT Certification
- IATA DGR
Target audience
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
