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GTA Consulting
Apr 27 2018
Make Big Money Exporting Nigeria Agrucultural Products  E-mail

BEST TIPS ON HOW TO EXPORT NIGERIAN AGRICULTURAL PRODUCTS AND MAKE BIB MONEY
Despite the odds in the economy, agricultural industries will continue to blossom because food is necessary for life, this provides solutions to many countries.
There are several agricultural products that are hot in the world market. Cassava pellets, flour, chips, ginger, sesame seed, bitter kola, kola nuts, groundnut, garlic onions, chilly pepper, anabero pepper, palm oil, cashew seed/nuts, locally made vegetable oil, corn oil, millet, fresh pepper, gallstone(hot cake), plantain, etc. There are numerous products you can export internationally. The beauty of this business is that you can start exportation business even in small quantity. Exportation is divided into two: Small and large scale.
The table below explains the difference between large and small scale exportation business.

http://nigeriaexport.com/

    LIST OF EXPORTABLE
COMMODITIES FROM NIGERIA

Cocoa
Coffee
Cashewnuts
Rubber
Kolanuts
Palm kernel
Coconuts
Cotton
Ginger
Charcoal
Cow horns and hooves
TimberCimelina
Shrimps and prawns
Sheanut
Sesame seeds

    Export Agent
Globe Marketing International
P.O.Box 26012
Ottawa
Canada.K2H 5Y8

Tel: 613-831-8859
Fax: 613-831-6287


LARGE SCALE SMALL SCALE
A business name Exporters name can serve as a business name
Packaged in 200kg bags, jute bags and containers        
Packaged in 50kg, 100kg bags
Transportation is by sea         Transportation is by courier or air freight
Container needed             Container not needed


HARD PRODUCTS AND EXPORT PROCESSES
Products like dolomite, granite and other minerals are still needed abroad, these minerals are everywhere in the Northern part of Edo state and the Northern parts of Nigeria. You can get these minerals at a very cheap rate and make good profit from one consignment. Agriculture and solid minerals  exportation is a good business anybody with knowlegde of the business can venture into and make money from. The business requires special knowledge, e.g. how to price your product for export, how to use the modern system on exportation to get your money from your local bank. This is possible because the surest way to get any money on the deals is to use bank-to-bank transaction.

Other aspect of this great business is to know the terms on exportation, such as:
FOB – Free On Board (+ the named port of origin)
CFR – Cost And Freight (+ the named port of destination)
CIF – Cost, Insurance and Freight (+ the named port of destination)
CPT – Carriage Paid To (+ the named place of destination).
CIP – Carriage and Insurance Paid to (+the named place of destination)
DAF – Delivery At Frontier (+the named point at frontier).
E.T.C.
These importation/exportation terms are very important when dealing with clients in exportation business. They are called International Commercial Terms (INCOTERMS),which is a universally recognized set of definitions of international trade terms; developed by International Chamber of Commerce(ICC) in Paris, France. It defines trade contract responsibilities and liabilities between buyer and seller. Once the buyer and seller have agreed on commercial term like FOB, they can transact on FOB without discussing who will be responsible for the freight, cargo insurance, and other costs and risks.                         

The INCOTERMS was first published in 1936 (INCOTERMS 1936). The complete definition of each term is available from the current publication – INCOTERMS 2000. The publication is available at your local chamber of commerce affiliated with ICC.

HOW TO HANDLE INSURANCE

There are situations that FOB will be the best while in other situations CIF can be the best, these are the little knowledge that one needs to have in order to make great profit from this great business. The beauty aspect of this business is that the exportation terms and conditions are easily understandable.

STEP BY STEP PROCEDURE ON HOW TO EXPORT ANY PRODUCT

a.    Seller (prospective exporter) incorporates company and subsequently registers business with the Nigerian Export Promotion Council (NEPC). Or whatever you call it in your own country.


b.    Seller approaches bank and opens a corperate domiciliary account (USD/EURO/POUNDS) with which the company can repatriate export payments (payments).

c.    Seller gathers information as it concerns the source for the procurement of the commodity intended for export. Seller should try as much as possible to gather as per the export market requirement of the commodity for export. Seller must ensure that product is available in large quantity such that it would meet the minimum order that could be requested by buyer (foreign importer). At this stage the services of an export consultant/ facilitator/ manager would
be both invaluable and indispensable because of the pitfalls it would save the new exporter from falling into.

d.   Seller embarks on a massive search for the buyer of the commodity in question. The search could be done online or offline. You can start your online search from these sites below or search google.
www.alibaba.com
www.howtrade.com
www.tradekey.com
www.busytrade.com
www.importers.com

Note: stopthejobsearch is not affiliated to any of the sites above. You still need to   do your due diligence.

e.    Buyer and seller conclude an export contract with a secured and confirmed method of payment.

f.     Seller may investigate buyer’s genuineness

g.   Seller approaches bank and opens NXP for the transaction.

h.   Seller approaches a reliable freight forwarder who advices on the best shipping line, routes and any other documentation that may be relevant for that transaction.

i.     Seller consolidates with credible suppliers of the commodity intended for export to ensure timely delivery of commodity for export.

j.     Upon arrival of goods, freight forwarder arranges for transport and containerization of goods.

k.    Loaded container is dropped at the shipping terminal for subsequent shipment.

l.     Upon sailing of carrier vessel, shipping line issues seller with debit note. Seller obtains bill of lading from shipping line after payment of charges as indicated in the debit note.

m.    Seller deposits shipping documents with the receiving/ collecting bank that subsequently sends them to buyer’s bank for remitting of export proceeds.

n.   Upon receipt of payment, seller prepares for another export transaction.

Success is made!!!

In starting small, you do not need most of the steps above; because it is simpler to start small.
But, be careful of fraudsters and don’t be a fraudster. Keep to your words and promises. Supply what you said would supply, the correct quantity and quality. For a quick start on this business, you may wish to contact stopthejobsearch for an export manual (about 60-page ebook) prepared solely for this. In this book, the processes are outlined, with more information on INCOTERMS and export documents.
If you do not have passion for this business don’t demand for the ebook because it is not going to be free this time. It is only passion that drives one to success.

GOOD LUCK.

For further details contact us