Payment Methods in International Trade: LETTER OF CREDIT
Have you ever been confused by what a letter of credit is? Or ever asked why you need it in international trade? or probably wish to understand in detail the various payment methods in international trade. Mostly as an exporter who might have experienced the use of this payment method, you would have come across […]
5 most popular Payment Methods in International Trade
International trade has existed for centuries. As the volume of international business grew, so did the need for certain agreed-upon documentation to regulate transactions. One of these is payment methods in international trade. There are five major types of payment used by businesses engaged in international trade: Documentary Collections Letters of Credit Cash against Documents […]
12 Tips for safe Importation of Wholesales Electronics from China to Nigeria
When it comes to importing wholesale electronics from China, Nigeria is a lucrative market. The country has the world’s third-largest population and its economy is growing at almost 6% per year. Despite high import tariffs, Chinese goods are still quite competitive in price with similar items manufactured domestically. However, there are risks that come with […]
Bowa-Gate Global Now Registered Member of the World Cargo Alliance
Bowa-Gate Global Ltd is now a Registered Member of the World Cargo Alliance. Bowa-Gate Global Limited has again obtained a new feat having been approved as a member of the World Cargo Alliance (WCA). This is a move made to keep up with rendering the best of Freight forwarding service to her numerous clients locally […]
6 Latest Best Selling products you can Import from Turkey to Nigeria this year
This post is for you if you are searching for what to import from Turkey to Nigeria, whether for the purpose of reselling (wholesale or retail), or to build a big brand. If you are considering a good country to import products from, one country severally overlooked is Turkey. Having handled freight shipping and customs […]
Nigerian Customs Requirement on Overtime Cargo in Nigeria
Did you know that Customs is empowered by law to auction overtime cargoes so as to free up space in the port and also recover government revenue? Overtime cargo in Nigeria is a real-time bottle-neck situation that requires According to Vicky Haastrup, the Chairman of the Seaport Terminal Operators Association of Nigeria (STOAN), “…not auctioning […]
6 Different Types of Warehouse and their Advantages
Warehousing is one of the backbones of the supply chain as it is directly related to the management of customers and customer service. It centres hold a special place in the heart of logistics and supply chain professionals. These secure facilities are where all the activity of a company happens. The basic objective of warehouse […]
How to calculate CBM in the simplest way possible
A freight forwarder performs the business of shipping and moving of the clients’ perishable and non-perishable goods internationally. There are different methods in which the prices are being calculated. IN this post, we show you Learn how to calculate CBM. Freight Forwarders arrange international shipments of goods on behalf of their clients. The prices […]
Cold Chain Management: Understanding some Key Elements & Global Values
Are you into importation of pharmaceutical drugs or goods? Do you import and export large scale frozen food business and perishable items such as frozen food, fruits, live snails, and related? You might recall that before the invention of refrigerated container, vans and trucks, pharmaceutical products as well as fresh produce could only be transported […]
What You Need to Know About Dry Bulk Shipping, Liquid Bulk, and Break Bulk
You probably also wondered how products like pens, phones, eyeglasses, and other plastic products all started. Every single such product started as either powder forms or resin pellets and those were transported via dry bulk transportation. If there is one aspect of shipping that needs proper understanding, Liquid bulk, breakbulk, and dry bulk shipping are […]