Explain Certificate of Origin.

Certificate of origin is one of the important document of International trade which states the particulars of the goods entitled for shipment i.e they are obtained, manufactured in particular country. Customs Authorities may require this information so that duty payable can be determined and, in some cases, establish whether the goods may be legally imported at all. The origin is not the country from which the goods are shipped, but the country where the goods were made. Failure to have a correctly completed and certified Certificate of Origin can result in goods being held up by Customs authorities, and can delay payment for your shipment if you are supplying under a Letter of Credit. To be valid a Certificate of Origin must be certified by a Chamber of Commerce which is authorised to certify these documents. According to the International Chambers of Commerce (ICC), around 15 million Certificates of Origin are certified by Chambers globally each year. In most cases, for goods shipped from the EU, the EC Certificate of Origin is used and must be produced using the approved pre-printed stationery. The data must be typed or printed onto the pre-printed stationery as it is no longer allowable for these documents to be handwritten. There is a correct way of completing certain information to comply with regulations, and if this is incorrect your document will be rejected by the certifying Chamber. In the UK British Chambers of Commerce train all Issuing Body Chambers of Commerce in the correct procedures for certifying Certificates of Origin, which ensures that the quality and validity of these documents can be maintained at a very high standard. read less