History and Facts of Lagos, Nigeria
Being one of the fastest growing cities in the world today, Lagos, Nigeria has become the financial center in Africa and houses one the largest and busiest ports on the continent. One of the major ways that Lagos got its popularity and growth is from its emergence as a port city. The port located in Lagos is one of the largest and busiest in Africa and Nigeria’s leading port. The port is split into three main sections: the Lagos port, which is in the main channel right beside the Lagos Island, the Apapa Port which is in charge of all containers that flow in and out and the Tin Can Port which flows westerly into the Lagos Harbor. This port is also a large exporter of crude oil.
Shipping to Lagos, Nigeria is simple and there are options to suit anyone’s needs. The first method is a shipping container measuring in either 20ft or 40ft. This type of shipping is called the Full Container Load. The sizes for a container shipment are 20ft by 40ft and 40ft by 40ft.
The Full Container Load (FCL) method is a great option if you are sending a lot items at once. The FCL option is great if you have 12 pallets or more. Other advantages of using the Full Container Load are: there is no damage from other cargo and there is no need for the LCL consolidation/deconsolidation process. If you have fragile goods, the FCL is the way to go. International ISO standards have drastically improved the quality of the shipping experience so your container will be treated with care. The FCL shipment process can be done in a few different ways: Door to Door, Door to Port, Port to Door, and Port to Port.
The FCL shipment process is up to you and your consignee at the other end. Certain options are cheaper, faster, and depend on what your situation of shipping is.
The second method is to use the RORO Method which stands for Roll on Roll off pertaining to the shipment of vehicles. The latter is a better alternative to shipping cars, vans, minibuses, tractors, etc. as the customer is only charged for the space the vehicle occupies on the vessel. An important note to know: the vehicle must be completely empty in compliance for the RORO method.
A duty rate an import tax that is subject on all imports to Nigeria. The way that this tax is calculated is based on the cost of the imported goods, the cost of freight, and the cost of insurance. All of those together combined are referred to as CIF (Cost, Insurance and Freight). When importing to Nigeria, a duty tax is applied to most imports. The rate varies from 0% to 35% and the average rate is 16.96%. Some products, however, can be imported duty free like books. A sales tax otherwise known as VAT is levied on imports at a rate of 5% on the total sum of the CIF value, duty, and excise and other taxes. Since there is no minimum for the value of imports everything is subject to duty and taxes regardless of its value. There is also an excise tax that is charged on some products. The excise tax rate is between 5% and 30% on the sum of the CIF value and duty value. There are a few specific levy taxes that are charged based on the CIF value and duty: sugar is charged between 10% and 20%, rice is charged at a rate of 20%, cigarettes are charged between 50% and 100%, and cars are charged between 10% and 20%.
5 Tips on saving money Shipping a vehicle Overseas
Some of the tips for shipping your vehicle overseas include shipping your vehicle via RORO, having your gas tank on low, bringing your vehicle to the nearest port, buying vehicles near the departure port, and comparing the costs of bringing the car yourself verses having the shipping company pick it up for you.
Shipping the vehicle RORO (Roll on Roll off) method is the most cost effective way to ship a vehicle overseas. If you are shipping more than one car, then a shipping container may be the easiest route however, if you are only planning to ship one vehicle, this method makes the most sense.
Next, if you are buying a car, make sure to buy the vehicle as close to the departure port as possible. Buying a car next to the departure port will ensure that the designated driver will not have to drive so far and will save you money.
Some of the Departure Ports for shipping in the United States to Aqaba are Long Beach, CA, Los Angeles, CA, Seattle, WA, Houston TX, New York, NY, Savannah, GA, Hampton Roads, VA, Charleston, SC, and Miami, FL.
And finally, make sure that you compare the costs of bringing the car to the port yourself verses having the shipping company pick it up for you. If you live close to the port and are available to drop off your vehicle this is a great way to save money. But if you live far away and have to take time off and maybe even rent a hotel, it might be wiser to use the shipping company’s driver services as a cheaper alternative.
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