Also called: Restricted-party screening, export-control screening
What it means
Governments maintain lists of people, entities, vessels, sectors and sometimes goods that may not be dealt with, or that need a licence. Screening compares names, ownership, goods classification, origin and routing against the rules that apply to that file. Which lists apply depends on the jurisdictions touching the goods, the money, the parties and the transport.
Why a permitted trader does not clear a restricted mill
A cheap cargo that cannot be banked, insured or discharged is not cheap. Banks and insurers run their own checks. A quotation that ignores screening is not a basis for a contract.
End-use and end-user matter as well as names. Some goods are controlled by destination or by stated use, not only by who signs the contract.
What it covers
Typically: the buyer, the seller, other named counterparties, the producing mill or plant where it is known, the goods as classified, and sometimes vessels, banks and routes. TTC’s process screens product and producer, not only the trading counterparties.
What it does not cover
A legal opinion that every possible regime worldwide has been exhausted, unless counsel is actually engaged for that. A promise that a bank will issue an LC. A quality pass. A substitute for KYC identity documents.
When it is required
In TTC’s workflow, screening sits among the control points before a quotation is treated as a basis for going forward. Contracts that TTC takes forward are required to carry sanctions-compliance and end-use clauses. This page does not list licences or certifications.
Common mistakes
Screening only the trader. Assuming a change of invoice party repairs a restricted producer. Leaving routing and banks unnamed until after fixture. Treating a website statement of “compliance” as a check.
TTC uses these terms in its RFQ and transaction process. Nothing on this page is a licence, a certification, a guarantee of clearance, or a substitute for the documents and clauses of a specific contract.