Hmmm!!! Folks, let us say the
truth and shame the devil. Many Nigerian non-oil products exporters have been
defrauded of huge amount of money in the process of exporting agricultural commodities
and solid minerals to foreign countries. Do you know why? They were not trained
on export operations, management, documentations and the best methods of
payment in export trade. This is terrible!!! Nigerians cannot continue to lose
money to foreigners in the course of export business. Exporters, would you like
to keep on being scammed? Why don’t you get a practical manual that explains the
stages of export trade from processing and packaging of commodities to receipt
of payment by the foreign buyers? It explains export operations, export
management, export documentations and methods of payment in export trade? Yes,
it is a contemporary step-by-step guide to export trade. It tells all the
contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Tectono
Business Review can confidently say that it is a misnomer to call a Clearing
and Forwarding Agent a Freight Forwarder. This is because a Clearing and Forwarding Agent has a
responsibility of Clearing Cargoes, Consignment and goods out of the ports and
forwarding it to the Consignor i.e. the importer. However, in Nigerian context,
a freight forwarder seems to be involved in both import and export logistics. Many freight forwarders are also involved in cargo clearance from the
port, although the two are distinctly different from each another. Freight
Forwarder can be defined as an organization, company, registered with Nigeria
Customs Services, to deal with carriage, shipment and clearance of goods both
in imports and exports.
While the freight forwarder doesn't actually move the freight itself, it
acts as an intermediary between the client and various transportation services.
Sending products from one international destination to another can involve a
multitude of carriers, requirements and legalities. A freight forwarding
service handles the considerable logistics of this task for the client,
relieving what would otherwise be a formidable burden. Freight forwarder
guarantees that products will get to the proper destination by an agreed date,
and in good condition. She utilizes established relationships with carriers of
all kinds, from air freighters and trucking companies, to rail freighters and
ocean liners. He negotiates the best possible price to move the product along
the most economical route by working out various bids and choosing the one that
best balances speed, cost and reliability. He generally provides one or more
estimates to the client along with advisement, when necessary. Considerations
that effect price will range from origin and destination to special
requirements, such as refrigeration or, for example, transport of potentially
hazardous materials. Assuming the client accepts the forwarder's bid, the
freight is readied for shipping. The freight forwarder then undertakes the
responsibility of arranging the transport from point of origin to destination.
A freight forwarder generally
provides one or more estimates to the client along with advisement, when
necessary. Considerations that effect price will range from origin and
destination to special requirements, such as refrigeration or, for example,
transport of potentially hazardous materials. Assuming the client accepts the
forwarder's bid, the freight is readied for shipping. The freight forwarding
service then undertakes the responsibility of arranging the transport from
point of origin to destination. One
of the many advantages of using freight forwarder is that it handles ancillary
services that are a part of the international shipping business. Insurance and
customs documentation and clearance are some examples. As a consolidator, a
freight forwarder might also provide Non-Vessel Operating Common Carrier (NVOCC) documentation, or bills of lading. Warehousing, risk assessment and management, and methods of international
payment are also commonly provided to the client by the freight forwarder. The pre-requisite of getting cargoes,
containers and general goods cleared from the Port is the possession of original
Bill of Lading. Bill of Lading can be defined as an evidence of carriage of a
consignment, cargo or goods on board a vessel. It is also a receipt of payment
issued to a consignee by a shipper/shipping agent.
Bill of
Lading is relevant to clearance of goods/cargo in the sea port while airway bill
is also important to clearance of goods/cargo in the airport. The
issuance and possession of bill of lading has legal interpretation in law. Issuance
of bill of lading is described as a contract of carriage between the shipper and
the consignee/importer while the possession of the original bill of lading is
tantamount to the possession of the goods itself.
The
possession of the original bill of lading will assist the freight forwarder to
answer lots of questions which he/she needs to clear the cargo/consignment out
of the port. This information is the name of the importer as manifested on bill
of lading, type of cargo/consignment as manifested in the Bill of Lading. i.e
descriptions of cargo, port where the cargo/consignment
is discharged, marks and number/container number, number of items in the
cargo/container, weight of the cargo/consignments and bill of Lading number. These
information are important in assisting to facilitate the clearing of the
cargo/consignment/goods.
It is
the sole responsibility of the freight forwarder to open form “M’’ for his/her
consignee/importer. Since we are in the era of destination inspection of cargoes,
form ‘M’ must be opened before any cargo is cleared out of the port. The
freight forwarder uses the invoice supplied by the importer and the bill of lading
to process the form ‘M’ in a commercial bank.
Depending
on the kind of cargo, consignment or goods, the other basic documents needed
after the payment of duty and other charges are final invoice, packing
list where necessary, Type SGD attached with the following payment
schedule: Receipt of payment and Certificate of Entry with the
copy of Bill of Lading. The freight forwarder is expected to lodge the
Complete Entry with the Customs processing centre Unit for ASSYCUDA++
processing
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