NXP Explained

This code will be provided by the bank.

Exporter’s name, address, RC No., NEPC Reg No.

This requires your name and address; the registration number on your C.A.C certificate and your NEPC registration number

I.e. your buyer’s name, address & country code.

This is unusually the same as section 2, unless there is more than one entity involved in the export transaction

Description of goods: the name of the item being exported

Total quantity: Total mass of the consignment which could be in tones and kilograms.

No of items expected: this is where you are exporting more than one unit of an item.

HS Code: harmonized system code. This code is gotten from the NEPC website www.nepc.gov.ng

Unit of measurement: it could be in kilograms or tonnes

Quantity: total quantity of consignment

Net weight: weight of one unit of the item being exported

Gross weight: weight of all the items being exported.

FOB value: free on board value. This is the total cost of the items being exported alone.

Freight charge: this is the charges from the shipping company for transporting your items to the destination port.

Total C & F: FOB value + Freight Value. If you have different grades or sizes of the item to be exported, please fill details of each grade or size individually in this section. Please note that different grades of an item can have different HS code. See the NEPC website for more information on HS code.

 

This is the type of payment received by you the exporter, it could be Letter of credit, Bill for Collection, Pre-payment etc.

Also required is the Due date of payment and your signature.

This entails the details of your bank through which you intend to receive money for the export transaction.

Shipment date: date the consignment is to be shipped

Expected port of shipment: name of port where the consignment is expected to be shipped from.

Code: destination country code, to be collected from the consignee.

Port of Destination: port where consignment will be received