SHIPPING export

In the past, Nigeria used to be part of the developing countries that were recognised as a contributor to the global export pull in 1980. 20 years later, World Trade Organisation (WTO) conducted another research that is shocking. Though the contribution of the so called ‘developing countries”

increased from 34% to 47% , Nigeria was not recognised. Though our oil export boom but had adverse effect on non-oil export. Many questions have been asked by intending exporters that what products can be exported from Nigeria? In this short presentation, we shall look at these products and their seasons in the year

INTRODUCTION

Exportable Commodities

Exportable product in Nigeria varies depending on your area of interest. They can classified into five categories;

Manufactured Products Processed Foods Solid Minerals

e.g. Zinc Ore, Lead Ore, Copper, Calcium, Carbonate, Marble, Tantalite, Wolframite, Iron Ore, Gem Stones.

Export Destination: Europe and Asia

e.g. Cassava flour, Yam flour, Ground Rice, Vegetable Oil Export Destination: Cassava (Europe) African countries.

e.g. Alcoholic beverages, Cosmetics and Soaps, Detergents, Chemicals, Cocoa Cake, Cocoa butter, Malt drinks, Insecticides, etc

Export Destination: Cocoa Cake & Cocoa butter (Europe) African Countries.

Exportable Commodities

Exportable product in Nigeria varies depending on your area of interest. They can classified into five categories;

Handicrafts Agricultural Product

e.g. Charcoal, Chilies (Dried) Cocoa Beans, Coffee, Gum Arabic, Sesame Seeds, Shear nuts, Shear Butter, Shrimps, Cassava, Cashew nuts Export Destination: Europe

e.g. Talking Drums, Calabash Carvings, Wood Carvings, Beads, Pottery, Metals Carvings, Hand – Woven textiles, Raffia products.

Export Destination: Europe and U. S.

COMMODITY NAME January February March April May June July August September October November December

COCOA

SEEDS, SESAME SEEDS

CHARCOAL

Metals & Ores

CASHEW

RUBBER

Furniture

COTTON

All Flowers

FOODSTUFFS

EMPTY TANKS, BOTTLES AND CYLINDER

RESINS

GLASS, GLASSWARE

PLANT PRODUCTS

TOBACCO

All Gum

Fish, Frozen

INDUSTRIAL RAW MATERIALS

PERSONAL EFFECTS

BATTERIES

PLASTICS

EXPORT COMMODITY SEASONALITIES (2010 - 2012)

Low flow of commodity

Medium flow of commodity

High flow (Major focus on commodity)

CO

LOU

R

GLO

SSA

RY

Export Documents.

Transport Documents Quality Documents Commercial Documents

• Profoma Invoice • Commercial Invoices

• Consular Invoice • Certified Invoice and

• Parking list

• Certificate of Quality and Fumigation (FPIS)

• Phyto-sanitary Certificate (PQSO)

• NAFDAC Certificate of Quality

• Certificate of Quality by (SON)

• ISO Certificate

• Bill of Lading • Airway bill / Road

way bill • National Maritime

Authority Form E-3.2 • Single Goods

Declaration (SGD)

Exporting requires a lot of documentation, specifically, all exporters are expected to complete form NXP (Nigerian Export Proceeds) and pay the mandatory levy. Clean Certificate of Inspection is issued by the Federal Government appointed inspection Agent (Cobalt International Services Limited) as contained under the Nigerian Export Supervisory Scheme which requires that all exporters pay 0.5% of the FOB value of their exports.

Export Documents.

Other Documents include: Tariffs Concession Documents

Exporting requires a lot of documentation, specifically, all exporters are expected to complete form NXP (Nigerian Export Proceeds) and pay the mandatory levy. Clean Certificate of Inspection is issued by the Federal Government appointed inspection Agent (Cobalt International Services Limited) as contained under the Nigerian Export Supervisory Scheme which requires that all exporters pay 0.5% of the FOB value of their exports.

• Non oil export data form • Certificate of Origin • Certificate of Manufacture • Permit to export Solid

Minerals from Federal Ministry of Mines and Steel Development.

• Form EUR 1 • GSP Certificate • ECOWAS TLS Certificate of

Origin and Movement Certificates

• Commonwealth Stand Still Preference Certificate of Origin

Product Good Product • Market Driven Designs. Products that are

consistent with the market taste • Can be adapted to buyers specs • Designs adapted to facilitate shipping • Presented in complete line, or families of

products (important) • Consistent quality control • Solid construction • Made with quality materials • Competitive price research the market

Expansion Production Capaciity

• Able to produce in large quantities • Ability to grow as orders increase • Sufficient production staff • Appropriate tools for increased production

Up-to date Communicate • Working telephone, fax, mobile phone and email • Computer literacy • Printed materials • Brochures, pamphlets • Printed order forms, receipts, bills, etc • Print or digital photo catalogue

Documentation Administration Systems • Easy to use accounting systems • Up to date record keeping system • Inventory and stock control • Order management calendars • Costing and pricing evaluation systems

You Vision for Growth

The exporter must research markets and opportunities as well as constraints to come up with a viable vision. This

should include specific steps to growth.

What constitute export readiness

Is there market for your product outside Nigeria, and is it available? Can I easily source them without the consignee waiting? Is the demand worth the risk?

Which country will be the best that I can quickly self the goods?

How much will it cost me to export and can I afford it?

What will be the best means of transportation?

What are the basic local laws guiding the exportation?

You need to register with Corporate Affairs Commission (CAC) so anyone can verify your details.

Nigeria Export Promotion Council registration is needed for non-oil exportation.

Advertise your product in any known platform e.g. develop a website to promote your product.

Collaborate with people that are already in the business. Some may guide you on what to do but this may not come easy.

Attend seminars on the area you want to focus on and meet with people with better experience

A Market Survey Be Registered Consignee/Customer

Search

ABC steps to guide exportation.

LETTER OF CREDIT PROCEDURE WAY OF FINANCING THROUGH BANK

L/C Application

Contract

L/C Advice

Letter of Credit

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LETTER OF CREDIT PROCEDURE WAY OF FINANCING THROUGH BANK

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THANK YOU !