Export trade 2017 - 3Timpex

3T IMPEX TRADE ACADEMY RA

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....Promoting International Trade Education

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3T ...ENHANCING EXPORT TRADE EDUCATION

VOLUME 2 ISSUE 14

IN THIS ISSUE EXPORT NEWS

Potato, Cassava Starch & More Products Needed from Nigeriaand many more

PG 1-2

EXPORT PROGRAMME

NEPC programme and Import-Export Help Line.

PG 3

EXPORT EDUCATION

Handling the Critical 5Ps of Export Business Success -Part-4(The Payment)

PG 3

EXPORT TRAINING PRODUCT

Import Business Master DVD Series

PG 4

EXPORT MISCELLANEOUS

Export Trade Leads, Export Commodities Prices, Export Trade Terms

PG 4

EXPORT NEWS

Sweet Potato, Cassava Starch and more products needed from Nigeria

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he Trade Broker of 3T Impex Trade Consulting covering Europe and Asia has requested for the following products from Nigeria. They include; Peanuts without shell Cassava (Tapoica) starch Palm Kernel Cake Sweet potato The demand for these products is upto 1000MT per month. Interested exporters should contact 3T Impex Trade Consulting on 08091244449 or send an email to [email protected] in order to get more details on pricing and quality specifications. (Excerpt from www.tradeinfong.com)

NEPC, Japan partner on packaging Nigeria's Agric produce for Export

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he Nigerian Export Promotion Council (NEPC) says it has partnered Japan External Trade Organization (JETRO) to improve the quality of packaging of Nigeria's agricultural produce for export. Mr. Segun Awolowo, Executive Director, NEPC, announced this at a capacity building programme for stakeholders in the sector in Lagos with the theme “Logistical Packaging Technology for Agricultural Products.” Awolowo said that the synergy would reduce post-harvest losses arising from poor packaging of the country's agricultural produce.

To him, there is no shortcut to producers of vegetables and perishable products to be competitive in the global market without quality packaging. Thus, programme will assist the average farmer and exporter to gain better insights into issues related to global standards on packaging for export, as government policies has been put in place to curtail the rejection of produce from Nigeria, he added. (Excerpts from www.guardian.ng)

FG implores Mining operators to collaborate with State Govts, host Communities

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HE Federal Government has implored operators in the mining sector to collaborate with State Government’s and the host communities so as to ensure that revenues accruing from mining activities were in consonance with government's overall diversification plans. Minister of Mines and Steel Development, Dr Kayode Fayemi, made this clarion call in a press statement issued and signed by his Special Assistant on Media, Olayinka Oyebode, a copy of which was made available to Journalist in Abuja. Dr Fayemi was of the view that such synergy would promote environmental safety. Despite availability of diverse mineral deposits in Nigeria, the gap in value addition still remained a source of concern. He said government is working hard to ensure success in Mining sector which has informed government's decision to halt the export of unprocessed minerals from the country, while making the setting up of processing plants as necessary conditions for prospective investors to invest in its huge minerals endowment. (Excerpt from www.tribuneonlineng.com)

FG lauds Dangote Cement for meeting local demand, Export

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he Federal Government has commended Dangote Cement Plc's role in making the country self-sufficient in cement consumption and export of the excess to other countries in West Africa. Recall that the company exported about 0. 4 million metric tonnes of the commodities to neighbouring countries in 2016. Kayode Fayemi, the Minister of Solid Minerals Development, who gave the commendation when he toured the Ibese plant in Ogun State, said it was a success story that the country had moved from importing 60 percent of its cement to meeting local demand with excess available for export. He added that the government wants to replicate the success of the cement industry in other non-oil sectors to diversify the economy. Speaking also, Chief Executive Officer, Onne van der Weijde, said: “Dangote Cement has finally ended the era of Nigeria's dependence on importation as the company exported nearly 0.4 million metric tonnes of the product to neighbouring countries and in doing so, we achieved a great milestone by transforming Nigeria into a net exporter of cement”. (Excerpt from www.vanguardngr.com)

EXPORT

EXPORT

NEWS

Dehydrated Onion Exports decrease by 50% this year

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n India, according to Agricultural and Processed Food Products Export Development Authority (APEDA), huge carry-forward and less demand led to decline in dehydrated onion exports by almost 50 per cent to 15,000 tonnes this year as against 30,000 tonnes in 2016.

NEWS

While total export order books showed a balance of plus 8% over the period, the CBI said. To this end, Sterling's slump against many major currencies since the EU referendum result last June has helped export demand by making UK goods cheaper for overseas buyers. (Excerpt from www.belfasttelegraph.co.uk)

Internationally, Indian dehydrated onion prices are lower than China and Egypt but as consuming countries have sufficient stocks, demand has come down by 50 per cent so far and will not gain much during this year.

3T Impex Launches Mobile App for Trade Education in Nigeria

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Meanwhile, exports of fresh onion have nearly doubled between AprilNovember 2016, with the total exports were around 14,63,552 metric tonnes. According to the industry, last year's exports were good due to lower prices, as a result many importing countries like Russia, Germany, France and USA also have sufficient stocks. India's total export may not be more than 40,000 tonnes, India had exported about 50,000 tonnes in 2016 and the industry is expecting to export about 35,000-40,000 tonnes. India is offering dehydrated onions at $1,650 per tonne while China and Egypt offer it in $2,000 a tonne, said Vithailbhail Koradiya, managing director of Maharaja Dehydration.

T Impex Trade Academy (an arm of 3T Impex Consulting Ltd) has finalize plans to launch the first mobile app for trade education in Africa.

This will afford intending exporters and even importers in Nigeria like Lagos, Abuja, Port Harcourt, Kano, Kaduna etc who are interested in exporting products out of Nigeria to be able to attend training online by simply downloading the app and watching the video or listening to the audio right from their phones in the comfort of their rooms. This app have a number of audio and video training in different areas of International trade covering Import, Export, Trade finance, letter of credit, guarantee and the likes. Also, this mobile app will afford all subscribers to be able to purchase all our products at 50% discount.

(Excerpt from www.business-standard.com)

China's Rubber sector Export Price down in 2016

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Furthermore, it is a valuable resource for bankers who want to do the most coveted trade finance exams(Certified Documentary Credit Specialist) to listen to the lectures right on their phones.

n GUANGZHOU, China's rubber sector saw a 2.7 percent rise in export volume to 9.3 million metric tons in 2016, according to information released at the 2017 China Rubber Conference.

The mobile app also hasa section for our weekly newsletter, E-books, commodity prices(local and international) and available contract that exporters can benefitfrom. This mobile app will be made available on google play store from Monday March 12th, 2017.

However, export value fell by 8.1 percent to $44.3 billion, according to Association's secretary general Mary Xu.

For more information or questions kindly send an email to [email protected] (Excerpt from www.tradeinfong.com)

The footwear segment led the sector with $25.8 billion export value, although down by 8.9 percent from 2015, followed by the tire segment at $12.9 billion, down by 6.8 percent. Tire export volume increased by 6.4 percent to 5.8 million tons, accounting for nearly two thirds of the total volume. Tire export has a much lower added value than other products, she added. (Excerpt from www.rubbernews.com)

3T Export Training Products Now on DealDey.com

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n a bid to promote the knowledge and practice of export business in Nigeria, 3T Impex trade academy now showcases her export training products on Dealdey.com.

Brexit-hit pound gives sharp Boost to Export Orders

This is an act to help boost export products, which in turn helps generate foreign exchange to the Nigerian Economy as well as divert attention to oil to other commodities that can be exported out of Nigeria.

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The export training products on Dealdey helps to promote export, help intending and existing customers know how to analyze monetary resources and controlling export business in the International trade market.

ccording to the Confederation of British Industry's (CBI) industrial, manufacturing output across the UK has risen at its quickest pace for more than two years as the Brexit-hit pound boosts overseas demand for British goods. The Confederation of British Industry's (CBI) industrial trends survey said export output volumes orders had reached a balance of plus 10% for March, with 24% of companies reporting above normal levels and 14% seeing a fall in demand.

(Excerpt from www.3timpex.com)

OTHER HEADLINES Tariffs with EU risk crushing small businesses' Export dreams - www.Telegraph.co.uk Smoked Meat traders finds Export Joy in Japan - www.globalmeatnews.com Canola Exports hit record on Chinese demand only months after trade dispute- www.clicklancashire.com

ENHANCING EXPORT TRADE EDUCATION

EXPORT EDUCATION STARTING AND MANAGING EXPORT BUSINESS IN NIGERIA IN CONJUNCTION WITH NIGERIA EXPORT PROMOTION COUNCIL

Handling the Critical 5Ps of Export Business Success-Part-5 (The Payment) By BamideleAyemibo ….CONT'D FROM LAST ISSUE

DATE: 28th& 29thMarch, 2017

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he fi rst question states, what are the payment method available in export trade? This is a very crucial question that is also grossly misunderstood by many exporters and sometimes bankers.

TIME: 9:00am FEE: N55, 000 VENUE: Nigeria Export Promotion Council ADDRESS: NO 13, Ladipo Oluwole Street, off Marine Road, Apapa, Lagos.

The payment methods in an export trade transactions include Open Account (Cash against documents), Bill for Collection, Letter of Credit, Advance Payment and recently, a new one was developed called the Bank Payment Obligations. Under Open Account transactions, the exporter ship the goods and send documents directly to the buyer who then clears the goods and pay the exporter at a later date like 60days or 90days after shipment. Bill for Collection is another payment method and it involves the transmission of documents through both buyer and seller's banks and collection of payment through the same channel. The banks do not have obligations to pay in this arrangement. The importer can pay at the sight of document or at a later. If the importer fails the pay, the exporter will be at loss. Letter of credit will be treated under the third question. Advance payment is the most secured method for the exporter because Payment is made before shipment is done. Bank payment obligations is not yet in operation in Nigeria. It is a technologically driven payment method that combines the simplicity of Open Account and the security of Letter of Credit. For questions on this thought, you can reach me via email to [email protected]

….To Be Continued

Every 2nd & 3rd Saturdays of every Month

N103,500

EXPORT DIGEST

ENHANCING EXPORT TRADE EDUCATION

EXPORT TRAINING PRODUCTS

EXPORT MISCELLANEOUS TRADE LEADS EXPORT ORDERS S/N PRODUCT

SPECIFICATIONS

MINIMUM SHIPMENT

1.

Seller to provide lab analysis and pictures Charcoal from Hardwood like Ayin, Size-40-200mm, no sparkling wood and moisture -8% max Seller to provide lab analysis and pictures Seller to provide samples and pictures

100 MT Per Month

2.

Title:

E-SON CAP & E-FORM M & Incoterms Bill for Collection, HS Code Determination, Duty Calculation (Series I)

Author:

BamideleAyemibo

Duration:

62Mins

Price: N5,000:00

3. 4. 5.

Cocoa request from Thailand Charcoal request from Dubai Raw Cashew Nut from Hong Kong Cocoa Beans request from India Pineapples request from Turkey

60 MT Per Month

170 MT Per Month 100 MT Per Month

Seller to provide samples and pictures 60 MT Per Month

LOCAL ORDERS

N5,000 Title:

Import Guideline, Clearing & Documentation Sales Contract, Import Process and PAAR (Series II)

Author: Bamidele Ayemibo Duration:

67Mins

Price: N5,000:00

S/N PRODUCT

SPECIFICATIONS / PAYMENT

MONTHLY VOLUME

1 2 3

Purity-35% Purity-50% Purity-30%

120 MT Per Month 120 MT Per Month 120 MT Per Month

Zinc Ore Lead Ore Lead Oxide

| Bank Guarantee | Bank Guarantee | Bank Guarantee

COMMODITY PRICES (BLOOMBERG) S/N COMMODITY

PRICES

UNIT OF MEASURMENT

1 2 3 4 5 6 7

USD 2,165.00 USD 141.70 USD 77.87 USD 1,922.00 USD 5,808.00 USD 2,856.50 USD 20,440.00

Metric Tonnes (Mt) Pounds (lb) Pounds (lb) Bushel (Bu) Metric Tonnes (Mt) Metric Tonnes (Mt) Metric Tonnes (Mt)

Cocoa Beans Coffee Cotton Aluminium Copper Zinc Tin

EXPORT TERMS USED IN INTERNATIONAL TRADE

N5,000

CONTINGENCY INSURANCE COLLECTION

Title:

Zero Demurrage, Risks & Fraud Mitigation (Series III)

Author: Bamidele Ayemibo Duration:

31Mins

Price: N5,000:00

COLLECTION PAPERS CONSULAR INVOICE

…..CONTD FROM LAST ISSUE Is an insurance taken out by a shipper supplementary to insurance taken out by the consignee abroad; especially to cover shipments made on a "C& F" basis. The procedure involved in a bank's collecting money for a seller against a draft drawn on a buyer abroad, usually through a correspondent bank. The documents submitted, usually with a draft or against a letter of credit, for payment of an export shipment. A detailed statement regarding the character of goods shipped, duly certified by the consul of the importing country at the port of shipment.

TO BE CONTD IN NEXT ISSUE….