In recent times, the exportation of goods in Nigeria has improved and increased the economy gross domestic products. The government has invested so much on how to minimize importation and encourage exportation of locally produced goods, products and services to other countries. Exportation of goods has increased foreign reserves, creating employment opportunities and increase the tax base for all levels of government.
In this article, I am going to guide you through the process of exportation of goods. I will analyze the details of all documents and licenses that exportation requires in order to avoid any form of delay due to incomplete documentation. I will also give you more tips on how to minimize cost on the export process.
Firstly, one of the important issues exporters needs to understand is exporting services, which requires a fine understanding of your client’s culture and business style. It helps in developing partnerships with local firms and facilitators’ partnership.
In addition to exporting goods in Nigeria, there are procedures for excellent delivery of goods. These procedures must be in accordance with the requirements from both the Nigerian government and the government of other importing countries.
Trading goods can be one way of scanning opportunities for overseas franchising or even production. Export business worldwide is guided strictly by appropriate documentation. This is because much reliance is placed on documents relating to price, quantity, packaging, shipping, clearing and lots more.
LIST OF DOCUMENTS FOR EXPORTATION OF GOODS IN NIGERIA
Below are the lists of documents that will be needed for exporting goods out of Nigeria.
- Sales and purchase agreement
- Export Licence
- NXP form
- Commercial invoice or Proforma invoice
- Packing list
- Inspection certificates
- Bill of lading
- Certificate of Origin
- Insurance certificate
Now, let me give more light on each document listed above:
Sales and purchase agreement
Is a legal document between suppliers and the buyers that shows the cost of purchase, the quantity, terms of service, payment terms, information about the two parties and shipping information of the goods and services to be exchanged
Is a document issued by Nigeria Export Promotion Council to corporate companies and NGOs in Nigeria to give a permit to undergo an export process of goods and services from Nigerian ports to other countries?
Is a form issued by commercial banks in Nigeria to exporters. It contains the information about a country of origin, country of destination, name of the exporting company, name of the buyer, the total number of fund expected, the number of goods to be exported.
Commercial invoice or Proforma invoice
Is the document that shows the quantity of the goods, the cost of the goods and banking details of the exporter.
It shows the dimension (height, length and width in inches, millimetres, centimetres or metres), detailed description of the goods, the quantity for exportation.
This is a pre-shipment inspection to certify that goods were in good condition prior shipment.
Bill of Lading
The master of the ship issues this receipt to the person consigning the goods.
Certificate of Origin
This certificate confirms which country that owns the production of a commodity or good.
It shows information on types and limits of insurance coverage, the insurance company, policy number etc.
In conclusion, success in the exportation of goods depends on proper documentation and good services of freight forwarding company that will facilitate the export process. With the help of a freight forwarding company, all stress, delay and discrepancies that may emerge can be minimized through professional insights on the export services.
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