News / Exclusive: Transparency call as IATA is rapped over CASS cargo payments

© Daniil Peshkov

Forwarders are calling for greater transparency in CASS as concern rises over IATA’s running of the cargo payments system.

The news comes after a GSSA has reported IATA to German financial supervisory authority Bafin.

The latest concerns stem from IATA’s “hinge accounts”, set up in a bid for efficiency and which enable the association to effectively offer credit to airlines.

The system changed from payment on funds collected, to payment on funds ‘reported’, essentially offering payment to the airlines even if customers had not ...