What is a Certificate of Origin..??

Certificate of Origin Shipping and Freight Resource

All of you have heard about a Certificate of Origin..

In this article, I will explain about what is a certificate of origin, why it is required, who issues it etc..

A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..

Trade agreements may be bilateral or multilateral and could be in the form of Regional Trade Agreements (RTA) between two or more partners or a Preferential Trade Agreement (PTA) under which developed countries grant preferential tariffs to imports from developing countries..

Customs department in the importing country may require a proof of origin in order to determine whether or not the cargo that is imported may be subjected to certain trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), prohibted goods etc..

Customs in the exporting country may also require this proof of origin in countries where such trade measures are applicable for exports..

As per WCO’s (World Customs Organisation) definition, “proof of origin” means a document or statement (either in paper or electronic format) which serves as a prima facie evidence to support that the goods to which it relates satisfy the origin criteria under applicable rules of origin. It includes a certificate of origin, a self-issued certificate of origin, or a declaration of origin..

Meet the Incoterms® 2010 rules experts

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Everyone in the industry knows or have heard about or should know about Incoterms® which since being published first in 1936, has become the accepted and commonly used terms of trade in international trade accepted by governments, intergovernmental agencies including the United Nations, legal authorities and practitioners worldwide.. In order to discuss these terms further interactively, the … Read more

Who pays freight charges for a shipment..??

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Charges that are applicable for a shipment can be classified as Ocean related charges and Landside charges.. This article discussed who pays for freight charges between the buyer and seller..

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