Singapore International Chamber of Commerce
Crimsonlogic, Singapore is working alongside numerous Chambers of Commerce to develop a process where Certificates of Origin will be stamped online and delivered to exporters via the internet (ECO).
Singapore International Chamber of Commerce - CrimsonLogic
The process is expected to not only reduce application and wait time, but also to reduce costs for all parties involved. The Crimsonlogic initiative is an end-to-end application and certification process that allows for easy retrieval of information used during the process.
The spinoff of the electronic Certificate of Origin process is not only ease of the CO application and certification process, but ease of other processes involved in exporting using ebXML infrastructure. ebXML allows the data used for application of an ECO to be transferred to other parties in a secure fashion . The reuse of information for import declaration and security checks will facilitate the process between the trading nations. It does require that all parties be internet accessible to be able to receive transferred data.
Maintaining security and the prevention of fraudulent documents are key in this initiative. Crimsonlogic has implemented security features (e.g. invisible watermarks and serial numbers) into the process to not only protect confidential information transferred via the web, but also as a preventative measure against fraudulent information that could disrupt the integrity of the process.
Website: www.crimsonlogic.com
Contact: Mr V Mathivan, CEO, CrimsonLogic Ltd, Singapore
Email: Click here to send an email