Thursday 19 April 2018

All The Documents You Need For Agric-Exports In Nigeria


Low returns on export trade have been attributed to poor documentation and sub-standard quality of export products.
Experts note that when these documents are not made available the shipment to the buyer is delayed and in cases when the goods have been shipped, without complete documentation, the buyer may not be able to pay for the commodities.



In other to facilitate hitch-free transactions in exportation of agricultural products. The following documents should be obtained.

1. Registration with CAC: one of the first steps that must be taken when starting out as an exporter in Nigeria is to register the name of your export business with the corporate affairs commission. This will add the business to the list of businesses officially recognized by the government. Please you must bear in mind that you will not be allowed to register a business name that conflicts with that of another company that is already registered and in existence.



2. Have a registered office: as with other businesses, every export business in Nigeria must have a registered office or at least an office address. The government is interested more in people having an address for their business than having an office structure. Whether it is a home or a real office, the most important thing is that it must have an address.

3. Registration with NEPC: registration with the Nigerian export promotion council to obtain a license can be done online on its website. According to information on NEPC website, exporters are required to open a domiciliary account with any bank in Nigeria and the bank is expected to issue the exporter with a Nigerian export proceeds form (NXP FORM) in six copies for completion in respect of each export transaction. It says that the exporter will ensure that the export proceeds are credited to the account. According to the NEPC, the exporter has to complete the form in six copies, and then return them to the bank with contract of sale or proforma invoice.

4. The NXP form: stakeholders in exportation say that documents are important to enable the importer to clear his or her goods in his country while the seller/exporter needs documents to ensure that he will get paid. They say that the bank will register and endorse the form; retain the original copy while the remaining five copies shall be forwarded to the inspection agents.

5. Proforma invoice or contract of sale: experts note that the proforma invoice serves as a negotiated instrument.  According to them, the initial proforma invoice often sets the stage for the first round of negotiations if the exporter and importer have not yet had any real discussions.

6. Certificate of origin: experts explain that certificate of origin is an important international trade document attesting that goods in a particular export shipment are wholly obtained, produced, manufactured, or processed in a particular country. They note the origin of imported goods is a declaration by the exporter that the goods are safe and may be legally exported.

7. Fumigation certificate: according to stakeholders, fumigation certificate is issued by the fumigator by obtaining approval for fumigation from the licensing authority. Fumigation is a method of killing termites, pests or any other harmful living organism to prevent transfer of exotic organisms. However, they note that when the wrong type and quantity of pesticide is used, it may contaminate food products. To ensure that all foods exported to other countries are rodent and insect free, the national agency for food and drugs administration and control has to certify the products because most countries will not allow goods into their country without fumigation certificate. As such, NAFDAC is expected to detect excess quantities of these chemicals when samples are tested in laboratory before export.

8. Insurance certificate: one of the major worries of exporters is non-payment for goods exported. It has been observed that non-payment may result from the buyers insolvency or other events outside the control of the exporters and the buyers. According to veterans in the export trade, export credit insurance protects exporters from the risk of non-payment on the part of the importer. 

No comments:

Post a Comment

WE LOVE YOUR COMMENTS

21 Rare Plants and Their Botanical Names (Including Their Uses)

Plant name                    |    botanical name                                   |     uses Savanna bamboo           oxythenan...