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Trade Compliance

We are committed to importing, exporting and engaging in all other forms of trade in a legal and ethical manner. We comply with all applicable laws, regulations, license requirements, boycotts, embargos, sanctions, and restrictions on exports and imports of goods, transfer of technology, information and services. We commit to comply with international treaties and agreements on non-proliferation of nuclear weapons, missile technology, chemical and biological weapon. We are also  committed to providing accurate and truthful information about our products and other items to customs and other relevant authorities.

 

UN, EU and the U.S. frequently use trade sanctions to advance national security and foreign policy interests. Individuals, companies, governments and organizations as well as trade in certain goods or services with a sanctioned country, may be targeted. To ensure compliance with sanctions all Epiroc entities that engage in exports directly or indirectly have to implement a screening procedure based on the requirements set out in our screening procedure guideline and additional requirements applies to Epiroc entities who are dealing with countries that Epiroc, in the policy, has defined as entailing risk. Trade with certain countries is entirely prohibited.

 

Sales to disputed or occupied territories where international law is violated is prohibited. 

U.S. citizens and permanent residents and persons physically present in the U.S. are disqualified from engaging in any decisions, dealings, transactions or activities that might implicate U.S. sanctions. Even the act of referring such activity to someone else could be a violation of U.S. sanctions. Similar rules applies to EU member states citizens.

 

The company has processes in place for classifying all products under the Harmonized Commodity Description and Coding Systems (HS) as well as processes for correct classified according to export controls and sanctions rules.

 

All Epiroc cross-border shipments, exports and imports shall be correct as regards to customs classification, customs valuation, origin, value added tax (VAT), goods and services tax (GST) and licenses.

 

All Epiroc entities shall include standard contractual trade compliance protection in all contracts and offerings.

 

The company has processes in place to ensure that it maintains records of compliance activities.

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