What is a Waiver?
The waiver, also called a release form, represents "a legal document containing an agreement between two parties." The releasor (who signs the waiver) accepts all associated risks and agrees not to pursue legal action in case of loss. By signing, the releasor acknowledges understanding the risks involved.
What is a Cargo Tracking Note?
The Cargo Tracking Note (CTN), also known as Bordereau de Suivi Cargaison (BSC), serves a different purpose entirely. It is a marine document required by Customs Authorities in destination countries to facilitate cargo clearance.
CTN documentation is mandatory in certain West African nations with specific regulatory requirements. The certificate contains:
- Exporter/importer information
- Shipping routes and methods
- Cargo type and value
- Freight costs
- Goods details
Key Differences
| Document | Purpose | Function |
|---|---|---|
| Waiver | Legal protection | Declares responsibility acceptance for potential losses |
| CTN | Customs compliance | Enables smooth customs clearance at destination ports |
The waiver transfers risk responsibility to the releasor, whereas the CTN provides transparency to customs authorities about incoming shipments for proper monitoring and control of import traffic.