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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 ensures proper handling and transportation of the goods.
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
Learn moreCIP 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 during transportation. The buyer handles
Learn moreCompliance risk assessment involves identifying and evaluating potential risks associated with non-compliance with 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
Learn moreCPT 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 from the destination
Learn moreCredit risks refer to the potential for financial loss arising from a borrower's failure to repay a loan or fulfill contractual obligations. This risk impacts lenders, investors, and businesses that extend credit. Effective credit risk management includes assessing borrowers' creditworthiness through tools like CIBIL scores and credit
Learn moreCustom clearance is the process of passing goods through customs so they can enter or leave a country during exports or imports. This involves submitting necessary documentation, such as invoices, bills of lading, and certificates of origin, and paying any applicable duties, taxes, and fees. Efficient customs clearance ensures that
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