Carriage and Insurance Paid (CIP) and Carriage Paid To (CPT)
Carriage and Insurance Paid (CIP) and Carriage Paid To (CPT) When it comes to international shipping, understanding Incoterms is not optional — it’s essential. Two of the most commonly confused terms are Carriage and Insurance Paid To (CIP) and Carriage Paid To (CPT). While they may look almost identical on paper, the differences between CIP […]
Type of Letter of Credit
This post focuses on some type of letter of credit. Have you ever had a challenge differentiating between each type of letter of credit? In a recent article, we discussed 5 common payment methods there are in international trade, one of which is the Letter of Credit. And in the later post, you find what […]
GOOD NEWS! No Import Duty on Medical Supplies and Instruments
We have been receiving loads of questions about import duty on medical supplies and other instruments. Customers have asked about the possibilities of importing these supplies and other related solution instruments. These questions started coming in shortly after our last post on the importation of medical supplies and food materials to help fight the […]
Airport Custom Clearing in Nigeria
On arrival of cargo at the Nigeria airport, the next question would be ‘what next’? Recall that at the port of take-off, some important documentation steps took place to ensure due process. At last, your cargo arrives at the airport of destination. At this point, another process requiring documentation begins. After this, the items are […]