The warehouse of the Tristar Group in Jebel Ali has been given “Five Star” rating by the Dubai Multi Commodities Centre or DMCC which is part of Dubai Government.
This was achieved after the company earlier this year joined the DMCC Tradeflow which is a dedicated online platform for registering possession and ownership of commodities kept in UAE-based warehouses.
Tradeflow members are required to have their storage facilities audited under the DMCC Warehouse Ratings Programme. Facilities are then given one to five stars rating benchmarked with the best warehouse practices across the region. Consequently, higher rated warehouses attract a greater percentage of the rental market.
“Achieving a 5-star rating is no mean feat and testament to Tristar’s dedication to ensure customers have access to excellent warehousing facilities, systems and service. Providing customers with state-of-the-art warehouses like these build confidence so financiers can release funds against pledged goods to ensure the flow of trade is ever growing,” said Sebnem Sen, Head of Tradeflow.
The focus areas of the audit conducted were statutory compliance, physical infrastructure, HSE systems, security, fire control, dangerous goods handling, inventory management, risk coverage, IT infrastructure, housekeeping, facility management, certifications, administration and performance measurement.
“This is another feather in Tristar’s cap which will not only make our brand even stronger but will also attract potential warehouse customers from UAE and around the globe,” explained Muhammad Akber, Tristar’s GM for HSEQ and Sustainability.