Tips for Successful Air Freight Shipping to International Markets
In today's globalized world, international trade has become an integral part of many businesses growth strategies. The internet has made the global distribution of services and some digital products possible and seamless. However, for companies seeking to expand their reach beyond borders, air freig ...
The Importance of Bill of Lading in International Trade and Shipping
Introduction: A Bill of Lading (B/L) is a critical legal document that acts as proof of shipment and contract of carriage between the shipper and the carrier. It is a crucial document in international trade and shipping, and understanding its importance is essential for all parties involved in the ...
Understanding the Relationship between Common External Tariff (CET) and Harmonized System (HS) Codes
Introduction In today's globalized world, the import and export of goods are common practices that drive economic growth and development. However, the trade of goods across international borders comes with its own set of challenges, including the need to comply with different trade po ...
Unlocking the Secrets of Clearing and Forwarding: 6 Essential Steps for Smooth International Trade
The clearing and forwarding industry is a crucial part of international trade, with billions of dollars worth of goods being cleared and forwarded every year. According to the Nigerian Ports Authority, the total volume of cargo handled in Nigerian ports in 2020 was 75.8 million metric tons, an incre ...
What is the HS Code?
The Nigerian Version of the HS Code: What You Need to Know as a Business Owner As a Nigerian business owner, it is critical for you to understand the Harmonized System (HS) Code. This method is used by over 200 nations across the world to categorize commodities for international trading. The Nigeri ...
CFR Incoterms Explained
CFR (Cost and Freight) Incoterms Explained CFR incoterm (Cost and Freight) is one of the commonly used incoterms in international trade. As a business owner involved in international trade, it is essential to understand the terms of trade to avoid potential misunderstandings and disputes that may a ...
FOB Incoterms for Nigerian Business Owners
FOB Incoterms for Nigerian Business Owners FOB Incoterms, also known as Free On Board, is a common contract option for Nigerian business owners involved in international trade. In this article, we will explain what FOB means and provide some insights into when it's a good choice for your business. ...
What is FOB Incoterms (Free On Board) – 3 Exciting things to Know
What is FOB Incoterms (Free On Board) FOB Incoterms is one of the most commonly used trade terms in international trade as mentioned on the 8 common you should know. FOB stands for "Free On Board" or "Freight On Board", depending on the context in which it is used. This trade term is used when the ...
How to Effectively Manage Your Supply Chain during Chinese New Year in Nigeria
How to Effectively Manage Your Supply Chain during Chinese New Year in Nigeria Image by PublicDomainPictures from Pixabay Chines New Year Holiday Introduction: Chinese New Year is a major holiday in China and it can have significant impacts on businesses in Nigeria that rely on i ...
The Chinese New Year Holiday: Understanding Its Impact on Business in Nigeria
The Chinese New Year Holiday: Understanding Its Impact on Business in Nigeria The Chinese New Year Holiday: An Overview The Chinese New Year, also known as the Spring Festival, is one of the most important holidays in China and is celebrated by millions of people around the world. It is a time f ...