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Jasmine Gladstone

Jasmine Gladstone

Lawyer
1 Followers

Difference between EUR1 and ECCO

What is the difference between a EUR1 and an EC Certificate of Origin?
From Finland
To Macedonia
Sep 08
2020
1
answer
Jasmine G.
Sep 08, 2020

An EC Certificate of Origin is a non-preferential document that certifies what the origin of the products is in a shipment. This may be requested by a client or for import compliance.
For example, textiles shipped from the UK to Argentina require an EC Certificate of Origin.
An EUR1 is used for countries where the EU has preferential trade agreements, an EUR1 is required so that it confirms the goods shipped of EU origin and the products can have preferential import duty applied to them.

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From Germany
To Austria
Aug 20
2020
1
answer
Jasmine G.
Aug 20, 2020

The certificate of origin (COO) is used to identify the country of manufacture of the goods in your export shipment. It may have to be certified by a chamber of commerce or consulate. Some countries have free trade agreements (FTAs) with each other that specify a version of the certificate of origin form. Many countries accept a generic certificate of origin or even a statement of origin on the commercial invoice. Most countries also accept an electronic certificate of origin (eCO) that has been electronically signed by a chamber of commerce, who then registers the legitimacy of the certificate with customs authorities around the world. Using an eCO can be faster and less expensive than traditional paper certificates. A generic certificate of origin usually includes: the exporter and importer name and address; a description of the goods including the 10-digit Harmonized Tariff System (HTS) Code and the country of origin for each item; the certification statement used by the chamber of commerce or consulate certifying the goods along with their signature and stamp; the location where and when the certification took place.

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Product Importers

How do I find product importers?
From Ecuador
To Brazil
Aug 06
2020
1
answer
Jasmine G.
Aug 06, 2020

If you can find foreign distributors for your product, you'll be able to simply sell them your products and let them worry about reselling them at a profit in their domestic markets. Distributors are nice because they can offer foreign customers top-notch service and are easier for you to deal with because they typically buy enough of your product to build up an inventory. You may be able to find a foreign distributor by simply looking around your home city or state for a foreign company with your country representative. Trade groups, foreign chambers of commerce in your country and branches of your country's chambers of commerce in foreign countries are all good places to start your search for a foreign distributor. International business consultants can provide valuable help when you are first trying to evaluate a foreign distributor. The best distributor will be one with a track record selling to the companies or consumers who fit into your product's target markets. Unless you're fluent in the language of the country you're selling to, you should choose a distributor who can speak your language well. You'll want prompt, competent responses to your requests for information or service. Make sure your phone calls, faxes and e-mails are answered in a timely, satisfactory fashion. Meet your prospects in person, and, as always, get and check references.

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Imported rugs from Nepal

I want to import rugs from Nepal, should I deal with one supplier or with many?
From Nepal
To Denmark
Jul 28
2020
1
answer
Jasmine G.
Jul 28, 2020

Even if you decide to set up a shop to sell imported rugs from Nepal, there will be many places in Nepal from which you can obtain your sales product. You will have to weigh the variety of your sales stock with the complexity of juggling multiple suppliers. In some cases the manufacturer may want you to sell only its own product line; be sure to consider whether it is extensive enough to meet your demand. You could also turn exclusivity into an advantage if you respond with a request that you be the exclusive importer in your market. Conversely, if you have only one supplier and it fails to deliver the products, you have no fall back for your customers.

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Difference between EAR99 and NLR

What is the difference between “EAR99” and “No License Required” (NLR) license exceptions as defined in the Export Administration Regulations (EAR)?
From Australia
To Argentina
Jul 10
2020
1
answer
Jasmine G.
Jul 10, 2020

EAR99 is a classification for an item. It indicates that a particular item is subject to the EAR, but not specifically described by an Export Control Classification Number (ECCN) on the Commerce Control List (CCL). While the classification describes the item, the authorization for shipment of that item may change, depending on the circumstances of the transaction. NLR stands for the "No License Required" designation. NLR may be used for either EAR99 items, or items on the CCL that do not require a license for the destination. However, exports of an EAR99 item to an embargoed country, an end-user of concern, or in support of a prohibited end-use may require an export license.

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