₦airaland Forum

UNDERSTANDING LCS

Letter of credits are international instruments of payment. They are like using cheque to pay for goods internationally

We have various types of letter of credits but the most common are:-

 Confirmed LC
 Unconfirmed LC
 Irrevocable LC
 Confirmed irrevocable LC

Now the payment time this LC kicks in can be LC at sight, LC at 30 days after shipment, 60 days after shipment etc.

All LCs are like documents stating the terms and conditions of payment and description and qty of goods to be paid for that's why it's also called DLC - documentary letter of credit

LCs also have expiry date just like cheques and bank drafts within which you must ship goods or it’s cancelled.

Confirmed LC is like bank draft which means your bank has confirmed the LC and money is sitting in the buyers account.

Unconfirmed LC means the opposite of confirmed LC irrevocable means LC cannot be cancelled without sellers permission after it has being issued

Why You Should Join the league of Cocoa Powder Exporters ?-
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Look at the eyes of every child, man, woman and youth in Nigeria, What you’ll see is anger, frustration and hopelessness.
The rise of dollar, hike in fuel price, tomato, rice and garri just makes life unbearable. To add salt to injury, companies are retrenching staff every passing day. While everything keeps going up, unfortunately, salaries remain the same.

As a Nigerian I understand that somehow you’re heavily affected by all these madness and you just wished that you could get a Visa right now and fly to any part of the world and never come back again. Ever!

I feel same way too because I’m a Nigerian too….but hey, like it or not, this is your country. No place like home.
You don’t have to live like that in misery, join the league of the smart super-rich cocoa powder exporters.
Forget all the fat lies you’ve been told about how difficult it is to get involved in export business in Nigeria. The truth nobody is telling you is that there are many Nigerians like you and me who are raking in thousands if not millions of naira from export business.

Those people don’t want you to know their secret, that’s why they will do anything to hide the real information from you.
That’s why I’m here to introduce to you a revolutionary (big grammar eh?) business to you, cocoa powder export.
Now is the time to end your entire money problem. Stop your landlord from disturbing you for house rent. Stop jumping from one business seminar to another in search of business opportunities.

Starting a cocoa powder export business in small scale is your highway to financial freedom. You can be making well over #350,000 to #1,200,000 monthly from cocoa export alone depending on how much hardwork you’re willing to put in it and how badly you want financial freedom.

Huge capital is not a major factor here like many people would assume. You can start in small scale and gradually expand in the future.
Due to increase in demand for cocoa product in the international market, the price of cocoa in Nigeria has risen to about #2700,000 per metric ton while the price of cocoa in the international market is around $3,860 per metric ton.

That’s huge money to be made!

Why you should join the league of cocoa powder exporters
• Huge capital is not required. With just about #20,000 you could become a cocoa powder exporter.
• There’s a huge and ever growing demand for chocolate in the international market. That’s due to the love people have for chocolate, especially Americans.
• You can be sure to get a super good Return in Investment (ROI) without fear of loss.
• You can do this business at your spare time and still have time to spend with your loved ones.
The best time for you to have started cocoa powder export business was yesterday and the second best time is now. Forget about the nay-sayers who never see anything good in anything. They have pledged an alliance with poverty and they will gladly trap anyone they can with their negative mindset.

With the current rise of dollar every day, you can be sure to make jaw-dropping profit that will make your Landlord envy you. Last time I checked, $1 equals to $1,450.

Now, that will be of great advantage to your small scale cocoa powder export business.
This increase in dollar value makes exports cheaper. A devaluation of the exchange rate will make exports competitive and appear cheaper to foreigners. Hence, increase in demand for exports.

You still need more convincing why you should join the league of cocoa powder exporters? I don’t think so.
Exporting cocoa powder is a great business opportunity you need to grab right now. Forget about what Mr Okafor told you about export business.

Stop complaining about the government, take charge of your financial status.
Join the league of cocoa powder exporters and start living the life you’ve always dreamed of...

See the banner below 2-reach-me

To start a mini scale export of agro, food item and solid materials products.

See the banner attached to this post and also watch the YouTube video on how to source foreign buyers of you choice.

Your eyes will be open after watching.

Without a vision -> you’ll be lost

Without skills -> you’ll be ineffective

Without a plan -> you'll be unproductive

Without consistency -> you won't progress

Without a purpose -> you’ll get discouraged

To start a mini export business you need the following

A good mentor
A product website
A buyers gathering
A local seller or supplier
A business name

That's all!

I feel same way too because I’m a Nigerian too….but hey, like it or not, this is your country. No place like home.

Stop complaining about the government; take charge of your financial status.
Join the league of cocoa powder exporters and start living the life you’ve always dreamed of...

In the export business, the standard of measurement in the international market is Ton

1 ton is 1000kg

UNDERSTANDING LCS

I hear alot of people make money from Export business... How do I go about it?

we are still in business

To start a mini export business you need the following

A good mentor
A product website
A buyers gathering
A local seller or supplier
A business name

That's all!

You don’t have to live like that in misery, join the league of the smart super-rich cocoa powder exporters.