Obtaining the Electronic Cargo Tracking Note
Importers in Cameroon are required to pay a fee for the issue of an electronic cargo tracking note. The ECTN is governed by a number of regulations, including: Order No. 00557/MINT of 11 July 2006 establishing the ECTN; Order No. 000289/MINT of 05 March 2007 amending and supplementing certain provisions of the previous Order.
Drawing up of the dematerialised insurance certificate
Goods transported across borders as part of international trade are subject to a number of specific risks (loss, theft, breakage, wetting, etc.). These risks are, of course, compounded by those associated with ancillary operations such as handling, loading, unloading and intermediate storage. Under these circumstances, even if the carrier’s insurance covers some of the risks, international conventions provide for limitations on the carrier’s liability.
To avoid non-refundable losses, the risk of the carrier’s insolvency and the often-lengthy settlement periods, goods insurance, or cargo insurance, should always be considered when negotiating a commercial contract. It applies to goods transported by sea, land, air and river.
In Cameroon, Law No. 75/14 of 08 December 1975, supplemented by Decree No. 76/334 of 06/08/1976 and Order No. 102/MINFI/MINEP, stipulates that the importer is under obligation to take out an insurance policy with an approved local insurance organisation.
However, it worth noting that:
- The local insurance obligation applies to goods whose Fob value exceeds 500,000 CFA francs;
- The insurance must be taken out under the minimum guarantee conditions.
- Goods must be covered from the port or airport of embarkation to the port or airport of disembarkation.
- Failure to provide an insurance certificate covering the goods on import is punishable by a fine equal to 25% of the value of the goods.
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