customs clearance

The Ultimate Distinctions between Carriage and Insurance Paid (CIP) and Carriage Paid To (CPT)

The Ultimate Distinctions between Carriage and Insurance Paid (CIP) and Carriage Paid To (CPT)

Here, we will be talking about the difference between carriage paid to (CPT) and carriage and insurance paid (CIP). These are the two most widely used trade terms for sea transport. It is common that shipments of goods across national borders or over long distances are transported by sea

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Type of Letter of Credit

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

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GOOD NEWS! No Import Duty on Medical Supplies and Instruments

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

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Airport Custom Clearing in Nigeria

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

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