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World Customs Organization

World Trade Organization

Harmonized System Code

Customs Classification and Valuation Report is a report issued to Importers during the pre-clearance stage.

ECOWAS Trade liberation Scheme

FAS is an acronym for Free Alongside Ship. The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks of loss or damage.

FOB is an acronym for Free On Board. The Seller de

CFR is an acronym for Cost and Freight. The Seller clears the goods for export and pays the costs of moving the goods to destination. The Buyer bears all risks of loss or damage.

CIF is an acronym for Cost Insurance and Freight. The Seller clears the goods for export and pays the costs of moving the goods to the port of destination. The Buyer bears all risks of loss or damage. The Seller however, purchases the cargo insurance.


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