What is the Difference Between the Waiver and the Cargo Tracking Note
If you are an Exporter, Freight Forwarder or Importer who works in West African Countries, you are already familiar with the words such as Waiver and Cargo Tracking Note. This article is to inform you what is the difference between a Waiver and a Cargo Tracking Note.
The Waiver is also called a release form is a legal document containing an agreement between two parties. The first party is the releasor (person promising not to sue and accepting all the risks that may occur) and the releasee (the part that is reliable). When the form signed, the releasor accepts that they understand the risks involved and promises that the legal sanctions can not be imposed in case of any loss.
On the other hand, the Cargo Tracking Note(CTN) also known as Bordereau de Suivi Cargaison (BSC) is a document that you need to provide for the Customs Authorities of the final destination country to clear your goods without any problem. It is just a marine document which contains information relating to the cargo and its movement between ports.
CTN is mandatory for some countries with boundary legal regulations to enable the Marine Customs Authorities to observe and control import traffic. Information about the exporter/importer, shipping route and methods, type and value of the cargo, the value of the freight and also details about the goods being carried are mentioned on the certificate depending on the regulations of the importing country.
As a result, a waiver is a legal document which declares that you as a releasor taking all the responsibility in state of any loss. However, Cargo Tracking Note is a document which informs the Customs Authorities of the importing country about your shipment to make the clearance without any problem and in cooperation with them.
For any queries just contact your GetCTN Customer Representative to ask your questions or learn which stage of your Document process.