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CTCB (cross-border trade certificate of compliance) is a EU COGSA directive that establishes an approach for the verification of the compliance of traders with specific environmental, social and labor (ESL) standards. CTCBs are issue by competent authorities to traders who demonstrate that they have complied with the relevant requirements.
The main features of CTCBs are as follows:
– They comprise a self-declaration by the trader and accompanying certification documents.
– The procedure for issuing CTCBs is based on mutual recognition between member states.
– CTCBs can only used to support trade in goods, not services.
– There is no limit on how many times a trader can hold a CTCB.
– CTCBs expire after five years or when the relevant requirements are no longer met, whichever comes first.