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A Certificate of Inspection is a document issued by an independent inspection agency, certifying that the goods have been examined and meet the specified quality, quantity, and condition requirements. This certificate provides assurance to buyers that the goods conform to the agreed-upon standards and are fit for shipment. It is commonly used in international trade to ensure compliance with contract terms.
A Certificate of Insurance is a document provided by an insurance company, confirming that insurance coverage has been secured for the shipment of goods. While it is not mandatory to obtain a certificate of insurance, this provides financial protection against potential losses or damages during transit. An exporter can obtain
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A Certificate of Measurement is a document that specifies the dimensions, weight, and volume of cargo. Issued by an authorized surveyor or measurement company, this certificate is used to verify that the shipment meets the required specifications and is essential for freight calculation, customs clearance, and logistical planning. Accurate measurement
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A Certificate of Origin (COO) is a document certifying the country where the goods were manufactured. It is used in international trade to determine the origin of goods for customs purposes, applying tariffs, and ensuring compliance with trade agreements and import regulations. The COO is essential for obtaining preferential duty
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CIP (Carriage and Insurance Paid To) is an Incoterm where the seller pays for the carriage and insurance of goods to a specified destination. The seller is responsible for risk until the goods are handed over to the first carrier, but also covers insurance against the buyer's risk
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Compliance Risk Assessment involves identifying and evaluating potential risks associated with non-compliance to laws and regulations. This process helps organizations understand the likelihood and impact of compliance issues, enabling them to implement strategies to mitigate these risks. For example, assessing risks in export activities can prevent legal violations and financial
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CPT (Carriage Paid To) is an Incoterm where the seller pays for the carriage of goods to a specified destination. However, the risk transfers to the buyer once the goods are handed over to the first carrier. The buyer is responsible for import customs clearance and any subsequent transportation costs
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