A Pressing Issue: Chamber Stamps for Certificates of Origin

September 21, 2011 at 8:25 am

Imagine you provided a set of your checkbooks, with pre-signed checks, to 20 or 30 people around town. Wouldn’t you be nervous about how much money they might withdraw from your account?

Something similar has happened in the export world. Many chambers of commerce have loaned or rented out their corporate seals to freight forwarders and exporters, permitting those organizations to stamp the chamber’s seal onto documents that are used for export transactions. Of the estimated 4 million certificates of origin that accompany U.S. export shipments annually, we estimate that fewer than half are actually inspected and signed by a chamber of commerce employee, as the international rules require.

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Chris Mead, Global Reach Sep 21, 2011

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Entry filed under: Certificates of Origin, Export rules, Imports/Exports.

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