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Export Business Contract for Farmers

Today, we would be talking about export business contract for farmers. It is a continuation of Exportation masterclass which we started some weeks ago. After understanding the basic basics of embarking on an export transaction, the next step would be to find a real foreign buyer / consignee / importer for the product you have chosen to export. The potential importer may place an order for your products upon receipt of your letter of proposal / offer to supply the product in question. This is where the export business contract comes in.

The request / order for your goods by a foreign importer is called a firm EXPORT ORDER and you as the exporter must ensure that it is genuine.

This request must consist of

ELEMENT OF THE EXPORT SALE CONTRACT

The export sales contract must contain the following elements.

Contact number

Full name and address of buyer and seller

Product / commodity name

Product specification

Quantity required

Packing method and standard required by buyer

Agreed export prices

Embarkation port (e.g. Tin Island port)

Delivery port (e.g. port of Antwerp)

Sales conditions (FOB, CNF, CIF, etc.)

Method of payment (L / C, collection of documents, open account, etc.)

After understanding the basics of embarking on an export transaction, the next step would be to find a real foreign buyer / consignee / importer for the product you have chosen to export. The potential importer may place an order for your products upon receipt of your letter of proposal / offer to supply the product in question.

The request / order for your goods by a foreign importer is called a firm EXPORT ORDER and you as the exporter must ensure that it is genuine.

MUST READ:  METHODS OF PAYMENT IN EXPORTING BUSINESS

This request must consist of various things.

ELEMENT OF THE EXPORT BUSINESS CONTRACT

The export sales contract must contain the following elements.

Contact number

Full name and address of buyer and seller

Product / commodity name

Product specification

Quantity required

Packing method and standard required by buyer

Agreed export prices

Embarkation port (e.g. Tin Island port)

Delivery port (e.g. port of Antwerp)

Sales conditions (FOB, CNF, CIF, etc.)

Method of payment (L / C, collection of documents, open account, etc.)

Shipping / delivery time (eg cargo must be shipped two weeks after confirmation of payment instrument)

Contract value

Name and Signature of Buyer’s and Seller’s Representatives However, obtaining an export order or contract is the responsibility of the exporter.

ONLINE METHOD

The online method involves using online shopping portals to locate business opportunities posted on the Internet that indicate an interest in buying Nigerian products. It also involves using emails to respond to these offers to buy Nigerian products.

ROLES OF THE INTERNET IN INTERNATIONAL AFFAIRS

At this point, I am pleased to mention that the roles of the Internet, especially in international relations, cannot be overstated.

It is the safest, fastest and cheapest means of communication.

You can freely contact interested buyers for any product.

Products can also be advertised worldwide in a

peanuts otherwise free of charge.

In view of the above, the exporter must therefore have a

valid and working email address and must know how

accessing the network, sending and receiving e-mails, etc.

Don’t miss out on our exportation masterclass. Link to Exportation business part 1. and check out other articles we have written on exportation.

I am Israel Otoijamun, the Founder of Ofarms.ng. I am a blogger, web and graphics designer, brand manager, product manager and farmer. I have interests in crypto currency, technology, business and agriculture.

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Israel Otoijamun

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