What do you know about “Certificates of origin ”as per ISBP?
Ans: CERTIFICATES OF ORIGIN :
196) A requirement for a certificate of origin will be satisfied by the presentation of a signed, dated document that certifies to the origin of the goods.
Issuers of certificates of origin
197) A certificate of origin must be issued by the party stated in the credit. However, if a credit requires a certificate of origin to be issued by the beneficiary, the exporter or the manufacturer, a document issued by a chamber of commerce will be deemed acceptable provided it clearly identifies the beneficiary, the exporter or the manufacturer as the case may be. If a credit does not state who is to issue the certificate, then a document issued by any party, including the beneficiary, is acceptable.
198) The certificate of origin must appear to relate to the invoiced goods. The goods description in the certificate of origin may be shown in general terms not inconsistent with that stated in the credit or by any other reference indicating a relation to the goods in a required document.
199) Consignee information, if shown, must not be inconsistent with the consignee information in the transport document. However, if a credit requires a transport document to be issued “to order”, “to the order of shipper”, “to order of the issuing bank”, or “consigned to the issuing bank”, the certificate of origin may show the applicant of the credit, or another party named therein, as consignee. If a credit has been transferred, the name of the first beneficiary as consignee would also be acceptable.
200) The certificate of origin may show the consignor or exporter as a party other than the beneficiary of the credit or the shipper on the transport document.
About certificates of origin