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The new web-based application and certification system,
built on Public Key Infrastructure and supporting security-related
technologies, enables secure and convenient approvals
of documents required to authenticate the origin of
the goods traded.
Developed by leading IT service provider CrimsonLogic,
CertOfOrigin is implemented by four authorised organisations
in Singapore: Singapore Chinese Chambers of Commerce
and Industry, Singapore Confederation of Industries,
Singapore Indian Chamber of Commerce & Industry
and Singapore International Chambers of Commerce.
Currently, exporters submit their applications manually
or through the Electronic Certification of Origin system.
They are then required to physically collect the certificate
of origin from the authorised organisations and thereafter
dispatch it manually to their relevant partners.
CertOfOrigin transforms this time-consuming procedure
into a complete electronic process to help exporters
manage their logistics more efficiently. The existing
121 companies subscribed to the Electronic Certification
of Origin system will be migrated to CertOfOrigin by
31 May 2003. Companies that are currently submitting
applications manually are encouraged to sign up for
this service.
CertOfOrigin brings convenience, lowers man-hours and
costs to the trading community, which include exporters,
banks, authorised organisations and foreign buyers.
The web-based system also allows multiple trading partners
to access and download certificates of origin anytime,
anywhere.
Speaking on behalf of the Chambers of Commerce, David
Chin, Executive Director, Singapore Business Federation,
said, "Rapid technological progress has fundamentally
changed the way businesses are done. We constantly look
out for necessary tools to help our business community
secure a competitive edge in the global economy. With
CertOfOrigin, businesses can leverage on CrimsonLogic's
core competency in technology and the Internet to streamline
trade documentation, saving significant amount of time
and costs."
CertOfOrigin uses Public Key Infrastructure technology
to ensure data security and authenticity. Users are
required to use a smartcard to digitally sign an application.
When a hardcopy is still required, they can print the
certificate of origin at their premise and/or allow
copies to be printed by the trading partners concerned.
To ensure document originality, CertOfOrigin uses optical
watermarks to enable visual authentication of the document
and prevent unauthorised reproduction once the document
is printed on regular paper via standard laser printers.
For better document control, print control is incorporated
to ensure only a specified number of prints can be made.
In addition, the system will alert the relevant parties
when the document has been viewed or printed. These
features prevent unauthorised access and copying.
Fullmark Pte Ltd has been using CertOfOrigin to apply
for certificates of origin since the service was made
available on 15 March 2003. "Since we started using
CertOfOrigin, we no longer have to submit numerous supporting
documents manually. We can also conveniently transmit
the certificate of origin electronically to our partners.
This not only gives us cost savings, it also speeds
up our turnaround time to our trading partners and customers,"
said Ms. Jackie Ho, Assistant Vice President of Fullmark
Pte Ltd.
For traders who require comprehensive supply chain
solutions, a suite of trade and logistics applications
is available through TradePalette, an end-to-end trading
platform of which CertOfOrigin is a component. CrimsonLogic
is a leading trade and logistics solutions provider,
specialising in end-to-end managed and hosted service
provision.
"In line with APEC's drive towards a paperless
trading community and given the current dismal economic
conditions, we hope that CertOfOrigin will add zest
to the trading scene," said V Mathivanan, Chief
Executive Officer of CrimsonLogic. "This service
is testament to CrimsonLogic's strong commitment in
innovating quality and customer-focused solutions."
On pay-per-use availability, CertOfOrigin provides
flexibility to traders with small-volume exports. To
register for CertOfOrigin, exporters, third party agents
and banks can register with the authorised organisations
via www.CertOfOrigin.com.
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