EXPORT SEMINAR- MAY

URGENTLY NEEDED: GIANT AFRICAN SNAILS

We are urgently in need of VERY LARGE QUANTITY OF SNAILS from suppliers all over Nigeria. Our specifications, payment terms, pricing and other terms and conditions are as follows:

Specifications: 

a. Size: 10-15cm length

b. Weight: 0.4kg minimum

Ex Lagos Price: N230 Per Life Snail depending on the average weight of the snail

Minimum Quantity: 3,000 Pieces Per Week

Payment Method: Cash On Delivery.
Delivery Duration: 3-5 days after signing of contracts

Payment Terms: Payment to be made within 24hours after delivery and confirmation of size and quantity of life Snails.

Delivery Destination: Lagos Airport

Contact Details: Interested local supplier or exporters should contact us via info@3timpex.com and +234 803 6522 946.

HARVEST SEASON FOR AGRIC COMMODITIES IN NIGERIA

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Overview of the Non-Oil Export Industry in Nigeria from 2009-2012

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The Non-oil export industry in Nigeria is a latent gold waiting to be explored. The potential of this industry at present is still largely untapped. The major players in the commodity export business in Nigeria are the Asians, while the small and medium scale exporters are largely Nigerians.

The data obtained via from the quarterly report of the Central Bank of Nigeria 2009 to 2012 revealed that the non-oil export industry in Nigeria is currently growing at an average rate of about 23% annually. According to this data, the average volume of all the exported items comes to about $2.5 Billion annually. 

It is also worthy of note to realize that Nigeria mainly exports commodities and unfinished goods with Agricultural commodities being the major item of export and taking up more than 20% of the total items exported. However, we have not fully utilized our capacity for Agricultural production. This is because, In Nigeria today, more than 70% of Nigerian farmers are peasant farmers, the Nigerian Agricultural Post-Harvest losses have been put at 30-50% of the total farm produce yearly by the Food and Agricultural Organisation (FAO) and less than 40% of our arable land is under cultivation. All these short comings go a long way to tell us that there is still a very large room for improvement.

Another sector where we have great potential to increase our output as a nation is the solid mineral sector. Although Nigeria has billions of tonnes in deposit of different exportable solid minerals, however, less than 100,000 tonnes are being exported annually and this is contributing less than 10% of the annual volume of items exported out of Nigeria.

The contributions of the other sectors including manufacturing is just about 10% also and most of our finished goods are mainly exported to West African countries. Very few go to Europe and America. This is probably due to the fact that very few companies are able to meet the standards set by these nations.

Payment Methods: Letter Of Credit (Confirmed, Sight)

1. Exporter and Importer sign the purchase contract
2. Importer requests for Letter of credit (LC) and release funds to its Bank
3. Importer’s Bank Issue LC and sends it to the Confirming Bank
4. Confirming Bank adds its confirmation to the LC and forwards it to the Exporter’s Bank
5. Exporter’s Bank advises the LC the Exporter
6. Exporter ships the goods to the Importer
7. Exporter forwards shipping documents to its Bank
8. Exporter’s Bank forwards shipping documents to the Confirming Bank
9. Confirming Bank transfers the funds to the Exporter’s Bank
10. Exporter’s Bank pays the Exporter
11. Confirming Bank forwards shipping documents to the Importer’s Bank
12. Importer’s Bank release the shipping documents to the Importer
13. Importer clears its goods using the shipping documents

Payment Methods: Letter Of Credit (Unconfirm, Sight)

1. Exporter and Importer sign the purchase contract
2. Importer requests for Letter of credit (LC) and release funds to its Bank
3. Importer’s Bank Issue LC and sends it to the Exporter’s Bank
4. Exporter’s Bank advises the LC the Exporter
5. Exporter ships the goods to the Importer
6. Exporter forwards shipping documents to its Bank
7. Exporter’s Bank forwards shipping documents to the Importer’s Bank
8. Importer’s Bank transfers the funds to the Exporter’s Bank
9. Exporter’s Bank pays the Exporter
10. Importer’s Bank release the shipping documents to the Importer
11. Importer clears its goods using the shipping documents

Payment Methods: Bill For Collection (Tenor, D/A)

1. Exporter and Importer sign the purchase contract
2. Exporter ships the goods to the Importer
3. Exporter forwards shipping documents to its Bank
4. Exporter’s Bank forwards shipping documents to the Importer’s Bank
5. Importer’s Bank release the shipping documents to the Importer
6. Importer clears its goods using the shipping documents
7. Importer pay its Bank for the goods already cleared
8. Importer’s Bank transfers the funds to the Exporter’s Bank
9. Exporter’s Bank pays the Exporter