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..
Intermodal Asia took place 21st-23rd March 2017, welcoming a record number of visitors to its 4th edition in Shanghai, China.
With more than 8,500 visitors, 160 global exhibitors and 85 expert speakers, Intermodal Asia successfully brought together the senior decision makers from the container and intermodal industry to network, learn and do business with new and existing customers.
Tenders are an integral part of shipping and freight for the carrier, shippers and and OTI (freight forwarder or NVOCC)..
I headlined this article as “the art of handling a freight tender” because majority of the tenders are quite complicated and capable of pushing people over the edge due to its complexity with its tight deadlines and the nearly impossible task of compacting the costs..
People in our industry who have handled some complicated global freight tenders such as the ones floated by global companies will understand what I am talking about..
So how does the whole thing work and how does a tender influence or impact on a carrier and/or freight forwarder and their business.. Is it really an art..??
Cargo Tracking Notes (CTN) – is an official, maritime document issued upon shipment at the loading port and mandatory for many countries in Africa..
The basic information required on the CTN is the cargo, shipper, receiver, vessel/voyage, loading and discharging port.. The CTN is required by these countries for information on cargo flows and also for statistics purposes..