my bad! www.export-nigeria.com or www.3timpex.com or www.exportnigeria..com . Phone numbers are on the website and blog but you can also call 08188587526. Thanks.

INCOTERMS In International Trade.

Incoterms is International Commercial Terms designed by the International Chambers of Commerce to share the cost and risk involved in transporting goods from one country to the other between the importer and the exporter. The latest version is INCOTERMS 2000 and it contains 13 INCOTERMS. However, out of these 13 incoterms, only three are often being used in export business in Nigeria. These include;

FOB – Free On Board (named loading port): The classic maritime trade term, seller must load the goods on board the ship nominated by the buyer, cost and risk being divided at ship's rail. The seller must clear the goods for export.

CFR – Cost and Freight (named destination port): seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods have crossed the ship's rail

CIF – Cost, Insurance and Freight (named destination port): exactly the same as CFR except that the seller must in addition procure and pay for insurance for the buyer.

FINANCING MODEL FOR EXPORT CREDIT AGENCIES

1-Agreement between importer and exporter

2-importer applies for LC

3-Importer’s bank issue LC to exporter’s bank

4- Exporter’s bank advices the LC to the exporter

5- Exporter applies for export credit guarantee

6-ECA sends export credit guarantee to exporter’s bank

7-Exporter ship goods to importer

8-Exporter forward documents to his bank

9- Exporter’s bank discount the LC based on the export credit guarantee

10- Exporter’s bank forwards document to the Importer’s bank

11- Importer’s bank release document to Importer

12-Importer pays his bank

13- Importer’s bank pays the exporter’s bank

EXPORTING FROM NIGERIA: THE STEP BY STEP PROCESS

1. Have some knowledge of exporting( you can learn this from our seminars)
2. Register a limited liability company through your lawyer
3. Obtain an Export License from the Nigerian Export Promotion Council
4. Prepare and Plan your export (details in other postings )
5. Secure an Export Contract
6. Source for products and Transporting them Lagos
7. Process NXP form and pay NESS fees through your Bank
8. Arrange for warehousing and Inspection
9. Engage a freight forwarder
10.Book a truck and container
11.Loading and sealing of container
12.Transportation and GIT insurance to port
13.Customs Inspection at the port
14.Delivery to the shipping line
15.Obtaining Transport Document from the shipping line
16.Obtaining Inspection report from Cobalt
17.Obtaining Customs documents
18.Forwarding documents to supplier (directly or via your bank)
19.Submission of Post Export Documentations to the bank
20.Payment of Export Proceeds

Mr Thethy can u please open your own thread? I would appreciate it if you stopped posting on my threads and start your own instead. Thank you.

If you have always wanted to join the exporting business either full time or part time, here is the opportunity to learn at low cost and from enthusiastic export mentors! Below are our offers;

Export Mentoring Service(EMS)[/b]is designed to assist people that are new entrants in the export business to find their footings. Through this service, we handhold our clients from the beginning through the rigour of the export operations and processes to the point of a guided test shipment.

[b]Export Execution Service(EES) is designed to assist our clients to carry out all the export processes (export planning, contract sourcing, product sourcing, documentations, inspection and logistics) in the clients's company name, from the beginning to the receipt of export proceeds from the buyers bank abroad.

Aggregated Export Service(AES) is designed to assist clients with small capital who are interested in investing into the export business to come together and execute an export project under the supervision and co-ordination of 3T Impex Consulting.

Export Information Service(EIS) is designed to provide export information to exporters on request. It therefore enables both intending and existing exporters to have easy and swift access to all export information and advisory services. This consequently enables an exporter to make an informed decision in the export processes.

Export Business Support(EBS) is a certificate course aimed at equipping young graduates of tertiary institutions with skills neccessary for them to fill the gaps in the export value chain. The EBS candidates undergo a training and internship programme after which we present them to our export clients that hire them if they pass their interviews.

Product Sourcing Service(PSS) is designed to assist our clients in procuring any exportable product (Agricultural commodities, Solid Minerals and semi processed products) anywhere in the country and deliver them to their desired locations where the product qualities and quantities are confirmed before export.

Contract Sourcing Service(CSS) is designed to assist clients that only need buyers abroad to secure a viable export contract. Through this service, we are able to source, negotiate and carry out all the preliminary requirements needed to secure the purchase order agreement for the exporter.

Export Logistics Service(ELS) is a one stop shop for all export logistics. It is designed to assist our clients (especially those in other states outside Lagos or outside the country) in handling their port logistics (warehousing, container stuffing, haulage, export clearance and documentations) as soon as products arrives in Lagos.

Export Market Development(EMD) is a research based service. It is structured to explore the export potentials of some locally made products that are yet to be tested in the export market. This service enables us to confirm the viability of the products in the export market and the neccessary improvements that is needed on the products.

@ Fogman. What details would you like forwarded to your email? Please if you have specific questions you can ask them here or send enquiries to eiyamu@3timpex.com and i promise to reply.

Post-Export Documentations (Exchange Control Documents)
Upon shipment of the goods, the following documents (called exchange control documents) are required by CBN to be submitted to the bank;

NXP form duly endorsed and stamped by the Nigeria Custom’s Service, evidencing shipment of goods.
Receipt of payment for Nigeria Export Supervision Scheme (NESS) fees i.e naira equivalent of 0.5% of the FOB value of the shipment
Single good declaration (SGD) form issued by Customs
Clean Certificate of Inspection (CCI) issued by Cobalt
Other documents

Bill of lading
Invoice
Packing list

Pre-Export Documentations In Nigeria
The following documents are required by CBN to be submitted to the bank before any legal export can take place. These include;

Completed original NXP form
Valid Nigeria Export Promotion Council (NEPC) license (copy)
Valid Proforma Invoice (copy)
Completed original copy Cobalt RFI form
Certificate of incorporation (copy)

SECURING AN EXPORT CONTRACT
To secure an export contract for your products, the following options can be explored.

1.International Chamber of Commerce (ICC) Nigeria
2.Bilateral Chamber of commerce (e.g. Nigeria-German Business Association)
3.Trade Brokers
4.Personal contacts
5.Consulting firms
6.Referrals from other exporters
7.Friends and Relatives abroad
8.Internet e.g. www.alibaba.com, www.tradekey.com, www.ecplaza.net, www.tradeboss.com etc.

@ Ayana and Payne. We have a mentorship seminar that would be just right for you.

How to Obtain an Export License in Nigeria

To obtain an export license, you need to register a limited liability company with the Corporate affairs commission (CAC) through your lawyer. Then the following documents will be submitted to the Nigerian export promotion council.


1. A duly completed export license application form obtained from the Nigerian Export Promotion Council.
2. Copy of certificate of incorporation
3. Memorandum and articles of association
4. Certified true copy of Form C.A.C 7 and C.A.C 2

Planning and Preparing For Export
While preparing for export, the following should be considered before deciding on the type of products and volume to be exported;

Availability of products- where to get the commodity?
Availability of Market- where do I sell the commodity?
Capital- how much do I have?
Profitability- how much profit can I make from what I have?
Sustainability- for how long can I get this commodity?

The Basic Features Of A Typical Export Contract

1. Quality Specifications

2. Quantity

3. Packaging

4. Contract duration

5. Shipment date

6. Pricing

7. Incoterms

8. Origin of goods

9. Inspection agents

10.Port of loading and port of discharge

11.Shipping line

12.Payment terms

13.Payment methods

14.Documents

15.Dispute resolution.

@ Ayaba. You can send me a mail @ eiyamu@3timpex.com and i will let you know how to proceed.

Exportable Commodities in Nigeria

Cassava

Charcoal

Cashew nut

Chilly pepper (Dried)

Cocoa beans

Coffee

Finished Leather

Ginger

Groundnut

Gum Arabic

Horns (Cow)

Hibiscus Flower

Kola nuts

Rubber

Sesame Seed

Shea nuts/Shea butter

Soya beans

Hides and Skins

Wheat Pellets

Nigeria is a country naturally blessed and endowed with items that are in serious demand in the export markets around the world. We are not only blessed with solid minerals (besides crude oil) we are also blessed with good climate and weather conditions to support the growth of commodities that are industrially useful in the developed nations. No wonder an Asian will come into this country with a briefcase and 2-5 yrs down the line, he would have become an employer of labor by harnessing our resources to build wealth for himself via export business opportunities in Nigeria.

The postings on this thread are aimed at awakening Nigerian businessmen, Fund managers and professionals to consider the possibilities of exporting commodities while they are still very active on their present job. This business is not only very profitable (about 25-100% ROI), it also has a short transaction cycle of about 6-8weeks. It is a very good plan B, and it could therefore constitute very good option in your exit strategy as an employee.

This thread is dedicated to assist you and answer all your questions about exporting commodities in Nigeria with minimal involvement, very low overhead cost and also ensuring the security of your capital.

Please feel free to ask questions when you want to and i will try as much as i can to answer them.