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.
ALSO READ: ALL YOU NEED TO ABOUT SNAIL FARMING
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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.
for more inf call/whatsapp Mr Ekex 07039482540
for more inf call/whatsapp Mr Ekex 07039482540

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