Although Nigeria's trade integrity is not very optimistic, there are various shortcomings, but after all this is a big market. Therefore, as a foreign trade practitioner, when you are trading with customers in Nigeria, please pay attention to the following aspects.
1) The client has commissioned L/C from any bank in Nigeria. We must request a bank confirmation (such as HSBC, Citibank, Standard Chartered Bank, etc.) that must pass through a third country and has no credit. L/C has not been confirmed. Resolutely not receive.
2) Some customers, with Nigerian banks not being able to make large T/T foreign exchange payments, do everything possible to do the same with your D/P terms. You do not agree. There is no limit to the large foreign exchange remittances in Nigeria. In addition, some banks in Nigeria have poor credit ratings. Using D/P payment methods, the bank may colluded with the customers and caused the company to suffer losses if the customer did not pay the bills.
3) When the customer only T/T part of the payment, you are required to ship and then give you the full balance of T/T in order to redeem the original bill of lading, you must pay attention to the bill of lading to the customer after the shipment to pay the bill of lading Numbers and containers were smeared in black because in Nigeria, customs and customers collaborated on the removal of containers by simply using the number on the bill of lading.
4) Don't be overly enthusiastic about Nigerian customers coming to China. The expenses in China are generally borne by them. At the same time, they must refute their requests for high-end items and borrow money. Don't worry about business failure. As long as you sell his goods, he thinks it's profitable. Your business can be made.
5) Do not ship the check or draft before the bank collection is successful. In order to prevent the goods from being shipped out and discovering that the collection has not been completed or the bills have been forged, the exporting party has become passive.
In short, when we deal with Nigerian customers, we must keep our eyes open. We must not be cheated, and we must not lose faith in the entire Nigerian market because of the existence of individual fraudulent practices. We must follow the practice of international trade and adopt safe and favorable for ourselves. Ways, do not feel lucky, will always be in the Lord.
1) The client has commissioned L/C from any bank in Nigeria. We must request a bank confirmation (such as HSBC, Citibank, Standard Chartered Bank, etc.) that must pass through a third country and has no credit. L/C has not been confirmed. Resolutely not receive.
2) Some customers, with Nigerian banks not being able to make large T/T foreign exchange payments, do everything possible to do the same with your D/P terms. You do not agree. There is no limit to the large foreign exchange remittances in Nigeria. In addition, some banks in Nigeria have poor credit ratings. Using D/P payment methods, the bank may colluded with the customers and caused the company to suffer losses if the customer did not pay the bills.
3) When the customer only T/T part of the payment, you are required to ship and then give you the full balance of T/T in order to redeem the original bill of lading, you must pay attention to the bill of lading to the customer after the shipment to pay the bill of lading Numbers and containers were smeared in black because in Nigeria, customs and customers collaborated on the removal of containers by simply using the number on the bill of lading.
4) Don't be overly enthusiastic about Nigerian customers coming to China. The expenses in China are generally borne by them. At the same time, they must refute their requests for high-end items and borrow money. Don't worry about business failure. As long as you sell his goods, he thinks it's profitable. Your business can be made.
5) Do not ship the check or draft before the bank collection is successful. In order to prevent the goods from being shipped out and discovering that the collection has not been completed or the bills have been forged, the exporting party has become passive.
In short, when we deal with Nigerian customers, we must keep our eyes open. We must not be cheated, and we must not lose faith in the entire Nigerian market because of the existence of individual fraudulent practices. We must follow the practice of international trade and adopt safe and favorable for ourselves. Ways, do not feel lucky, will always be in the Lord.
Pvb Film-Automotive,Pvb Interlayer Glass,Pvb Film Glass,Sgp Glass Interlayer
HUAKAI FENGSHI TECHNOLOGY (CHONGQING) CO., LTD. , https://www.cqhkpvb.com