Discuss why you think (academic thought/not personal) Columbia required a certificate of origin? What is the purpose of this certificate?

Discussion

 

 

 

Read from your textbook Chapter Chapter 1 and Talbert Trading, Ltd v. Cometals, Inc., 663 F. Supp 561 (1987). Regarding the grade for this forum, if you miss any of the questions required for this post, it will result in a deduction of points per item missed.

 

Answer ALL Questions:

1. Import/Export transactions usually require much more documentation than domestic transactions. These include detailed invoices, packing lists, shipping and insurance documents, and specialized certificates. In Tarbert, a “certificate of origin” was required by the government of Columbia before the goods could be imported. Describe what this “certificate of origin” is referring to (i.e. are they asking for where the product was made/grown or where it is being shipped from?). Discuss why you think (academic thought/not personal) Columbia required a certificate of origin? What is the purpose of this certificate?

2. Suppose that the beans had arrived in Columbia and were then stopped by Columbian customs authorities because of a fraudulent certificate. What do you think might have happened to the beans? What would the risk have been to Cometals and Tarbert? What if the Columbian buyer had already paid for the beans?

3. Evaluate and discuss the conduct of Cometals and Tarbert. Fraudulent documentation is not uncommon in international trade, especially when the parties do not have a history of business together. What are the lessons to be learned by all parties?