BILL OF LADING SAMPLE: NIGERIAN CONTEXT
Bill of Lading Sample? The purpose of this article is not to load my ardent readers with a handful of fluffs on the definition of Bill of Lading. This article will let exporters know the policy content of bill of lading in Nigeria. We will also discuss what bill of lading is acceptable by the […]
MARINE INSURANCE IN NIGERIA: HOW TO PURCHASE ONE
Marine insurance is important because in the movement of cargoes from point of supplier to destination of import, certain loses could be incurred. Such loses could range from disappearance, fire damage, storage or handling damage, water damage or road damage, etc. It does not matter whether the movement is by sea, air road or rail, […]
SON IMPORT PERMIT NIGERIA: HOW TO PROCESS PERMIT
What is SON Import Permit Nigeria? Sometimes, the purpose of import is for a particular project, or is for a predefined set of products over a protracted period. This is the case with producers who intends to import machinery or related spare parts for their manufacturing. In such cases, the importer considered as Bona fide […]
NESREA CLEARANCE PERMIT; HOW TO PROCES
What is NESREA clearance permit? Virtually all products imported into the Nigerian territory are under the SONCAP program. Hence, those products would have to undergo a two-step certification for SON Product Certificate and SONCAP Certificate for importation into Nigeria. However, a few used items are exempt from SONCAP program, and are therefore require different treatment. […]
IMPORTING INTO NIGERIA: WHAT IS PAAR DOCUMENT?
Assuming you have been importing into Nigeria, you probably know what PAAR is already. For new importers PAAR might be one of those strange words. In principle, all goods imported into Nigeria must follow the Form M/PAAR rout. The courier shipment is not required to obtain PAAR document. What then is PAAR? How do one […]
WHAT IS CCVO TEMPLATE IN NIGERIA?
What is CCVO template in Nigeria? CCVO stands for Combined Certificate of Value and Origin. As the name suggests, the certificate is actually a combination of two parts. One part serves to indicate the actual value or price payable for imported goods. The other half part of the CCVO authenticates the sources of goods. Hence, […]
COMMERCIAL INVOICE; NIGERIA TEMPLATE
Call it commercial invoice, shipping invoice, or final invoice, the nomenclature used has nothing to add to the content. The commercial invoice is a real invoice, issued by the exporter or shipper to the importer of goods, containing specific actual information that helps the Nigerian Customs determine import duties. It defers from the pro forma […]
CALCULATING CUSTOMS DUTY; NIGERIA AS EXAMPLE
The concern of every importer of goods is to know how much the entire process would take from the export cargo clearance to the import cargo clearance. Thus, to give this article a sharper focus, we shall begin with definition of all terms. Yes, associated with calculating customs duty in Nigeria. Therefore, never mind I […]
WHAT IS A PROFORMA INVOICE IN NIGERIAN CONTEXT?
Many people in the international logistics trade tend to interchange proforma invoice for commercial invoice. In real sense however, both invoices are different at least in purpose. Therefore, this article will define what proforma invoice is. Furthermore, the article will show how to make a proforma invoice. Finally, the article will reveal essential content of […]
IMPORTATION BUSINESS; STEP-BY-STEP IMPORTING INTO NIGERIA
Importation business is a business niche that involves movement of goods or commodities from one country to another. Do you think of importing from somewhere to Nigeria? May be for resale, consumption or for manufacturing. Whatever the reason, there are same laws and principles that must be followed to get things right. In this article, […]