Workshop on Certificate of Origin by ICCSL, SAC in association with DOC
Monday, 7 July 2014 00:00
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Method of obtaining digital online certification from ICCSL
Department of Commerce procedures on COO
Obtain ICC Paris guideline book
In international trade documentation, a key document is the Certificate of Origin, commonly known as the CO. A Certificate of Origin is an important trade document attesting that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country.
The ICC based in Paris which is known as the world business organisation says that: “COs also constitute a declaration by the exporter. Virtually every country in the world considers the origin of imported goods when determining what duty will be assessed on the goods or, in some cases, whether the goods may be legally imported at all.
"The workshop will be held on 30 July from 2 p.m. at the Sri Lanka Foundation"
“The main type issued by chambers are Non-Preferential COs, i.e. ordinary COs, which certify that the country of origin of a particular product does not qualify for any preferential treatment. Preferential Cos refer to COs which enable products to enjoy tariff reduction or exemption when they are exported to countries extending these privileges: e.g. GSP, Commonwealth Preference Certificate. Certificates of Origin may be needed to comply with Letters of Credit, foreign customs requirements or a buyer’s request.”
In most countries, chambers of commerce are the key agents in the delivery of certificates of origin. However, in some countries, this privilege may also be extended to other bodies such as ministries or customs authorities.
Shippers Academy Colombo CEO Rohan Masakorala said: “It is a must that CEOs, managers, bankers, international trade executives, and logistics/freight forwarders have a good understanding of the CO document and its functions when involved in import/export trade. It is also an important document for an emerging hub like Sri Lanka, where new hub operations, FTAs, transhipment, value addition, etc. is going to expand, and the knowledge of proper documentation will help develop the overall logistics performance.”
The Shippers’ Academy Colombo, a leading institution that trains the industry in current trends on global commerce together with ICC Sri Lanka has organised the first-ever workshop on CO and has invited the Department of Commerce as well to present the procedures at Government level.
The ICCSL will also make a presentation on how to apply for digital online certification to support trade facilitation. The organisers are inviting all exporters, importers, transhipment and hub operators, freight forwarders, logistic service providers, bankers and all other international trade related industries for an interactive session to learn about CO and other requirements the trade would need for better and faster documentation.
The workshop will be held on 30 July from 2 p.m. at the Sri Lanka Foundation.
For registration and details please contact ICC Sri Lanka tel. 0112307841/0115230932; Fax: 0112307841; e-mail: [email protected]; or for online registration www.shippersacademy.lk; tel: 0113560844; Fax: 0112874065; email: [email protected].
