A certificate of origin is a legal document that certifies a shipment’s country of origin. In the context of free trade agreements (FTAs), certificates of origin are required in order to qualify for a reduced duty rate. The rules around certificates of origin and associated duty relief are specific to each FTA.
Delays along the shipping chain can be exasperating and can make a business owner feel helpless. Although many factors can conspire against a smooth shipping experience, being in the know about what they are – and being prepared to respond to them – can put you back in control.
The Air Cargo Security Program has as its goal the establishment of a secure supply chain that keeps air cargo safe and free from tampering while being handled at different stages of its journey.
Starting October 17, 2016, air cargo can be screened and made secure from as early as the time it is packed, up until it is tendered to an air carrier. In order to be involved in screening, storing, transporting, tendering and/or accepting secure air cargo, a business that plays a part in the supply chain can apply to participate in the program in one of five roles.
One of the biggest challenges facing importers is uncertainty around shipping rates. Plagued by slow global trade and shipping overcapacity, 2015 was one of the most volatile rate periods in recent history. Many factors contribute to freight price fluctuations. Knowing the reasons for this volatility can help you, the importer, be prepared.
As an importer of goods into Canada, it’s important to have a basic understanding of the overall import process, along with the rules and regulations that govern it.
A key consideration with respect to importing goods into Canada is assessing the proper Duty Valuation (or “value for duty”). The Canada Customs Act requires that importers determine and declare the value of their goods in a specific way in order to apply the appropriate duty and taxes upon importation.
The Canada Border Services Agency (CBSA) targets certain industries and products for audit each year to ensure compliance with tariff classification, product valuation and country of origin requirements.
CBSA’s list of “targeted verification priorities”is updated on an ongoing basis. The current list of priorities is provided on the CBSA website.
Hanjin Shipping, once the seventh-largest ocean shipping company in the world, recently declared bankruptcy, leaving dozens of ships, carrying over 14 billion dollars in cargo, stranded at sea.
Port operators and inland carriers are now refusing to load or move Hanjin containers for fear of not being paid, leaving import and export shipments from many companies stuck on board.