UKRAINIAN CABINET ENDORSES GUAM AGREEMENT

Ukrainian News Agency reported that the cabinet of ministers has endorsed an agreement among governments of member states of the Organization for Democracy and Economic Development GUAM (Georgia, Ukraine, Azerbaijan, and Moldova) on international multimodal cargo shipment by two or more kinds of transport. The agreement was signed in Baku on June 19, 2007.
The endorsement of the agreement by the Cabinet of Ministers is a national procedure required to enact it.
As per report the agreement regulates relations between individuals and legal entities with shipment of cargo in interaction between railroads, river transport, sea transport, motor transport, and ferries. The agreement also gives rights, obligations and responsibilities of each participant in shipment.
The governments of GUAM have committed to facilitate the development and competitive capacities of multimodal shipment. The governments also agreed to transfer customs clearance of goods from border checkpoints to terminals of shipment.