Dear All,
Could any one give some information on "In house Certificate of Origin"?. Is it acceptable under LCs.
Rgds,
Ghubshawi
In house Certificate of Origin
- shahriar
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never heard
never heard of this term. perhaps a local term and most probably USA. i just got one reference of this on google
- picant
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deutche Uebersetzung
Hi Pals,
IMHO, in house seems a translation from german IM HAUSE, that means issued by the seller.
Other comments appreciated
Ciao
IMHO, in house seems a translation from german IM HAUSE, that means issued by the seller.
Other comments appreciated
Ciao
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Issued by seller / manufacturer
I have a faint memory of someone saying that these are certificates of origin issued by a person who is a member of a chamber of commerce (but it is not issued BY the chamber of commerce…) But I am not very sure.
Anyhow, since this term is not defined in UCP, I would look to the credit. If the credit also does not provide a definition of this term, I would go by the general meaning of the term “in-house” i.e. “from within” and therefore accept a certificate issued by the seller or even the manufacturer.
Hope this helps.
Anyhow, since this term is not defined in UCP, I would look to the credit. If the credit also does not provide a definition of this term, I would go by the general meaning of the term “in-house” i.e. “from within” and therefore accept a certificate issued by the seller or even the manufacturer.
Hope this helps.
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seller or someone other than seller
when i consider the term in house, the immediate reference i remember is house bill of lading. now house bill of lading can be issued by a freight forwarder not by a beneficiary. based on this logic (which is certainly awkward ) i would say its safe to get the certificate from anybody other than the beneficiary. :?