PRESS RELEASE

Geneva, 3 November 2016

The International Arbitration Court for Transport at ARTRI and the Spanish Association for International Road Transport (ASTIC) joined their expertizes to improve global transport activities.

The Arbitration Court for Transport (IACT) and the Spanish Association for International Road Transport (ASTIC) have signed, on November 3rd, in Geneva, a FRAMEWORK PARTNERSHIP AGREEMENT regarding the support and promotion of disputes settlement by institutionalized specialized arbitration provided by IACT and its partners through the International Arbitration Network. The agreement has been signed by Mr. Marcos Basante, President of ASTIC, respectively Mr. Cristian Serban, President of the Board of IACT.

„By concluding this strategic partnership, the International Arbitration Network of IACT receives a valuable support from the most experienced TIR association in arbitration`s matters. We are proud and very honored to be partners with Spanish Association for International Road Transport (ASTIC), a major player in the Western Europe road industry, in global projects under the auspices of the UN Global Compact and Global Partnership for Sustainable Road Transport", declared Mr. Cristian Serban.

„We are proud to be able to promote an independent conflict resolution in our business sector, globaly. We are joining the superbe initiative of our colleagues from A.R.T.R.I., under the influence of the UN Global Partnership, whose partner we are, being preoccupied and engaged in promoting - in Spain, as well as in Europe - the social responsibility of businesses from the road transport sector, in three aspects: economical, social and evironmental" declared Mr. Marcos Basante.

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Spanish Association for International Road Transport (ASTIC) is the national issuing and guaranteeing association for TIR system since 1960 and for the Common Transit Regime since 1986.

International Arbitration Court for Transport at the Romanian Association of International Road Transport is a global and independent body specialized on dispute settlement in the area of transport and related activities (customs brokers` and freight forwarders` activities, storage and handling of goods, postal and courier services).

Romanian Association for International Road Transport (ARTRI) is the national issuing and guaranteeing association for TIR system. ARTRI provides guarantee for TIR carnets issued by itself as well as by other associations - members of the International Road Transport Union (IRU) in compliance with the provisions of the Art.65 p.2 of the Technical Rules of Transit Regime Application under cover of TIR carnets, approved by the Order of the President of the National Fiscal Administration Agency N1420/2014, published in the Official Gazette of Romania, Part I, N508 of 8 July 2014.