ASL Logistics

On consignment of goods for shipment, the overseas supplier shall:

1. Make available three sets each, of original Combined Certificate of Value and Origin (CCVO); Transport document (depending on the mode of transport) and Packing list to the relevant bank as indicated in 2 above.
2. Forward only two sets of the documents in 5 above through his/her banker to the relevant  overseas correspondent bank of the Nigerian Authorized Dealer Bank, for transactions valid for foreign exchange and those for which Certificate of Capital Importation would be issued or involving supplier’s credit.  The third copy should be forwarded to the Authorized Dealer Bank that opened the Form “M”.
3. Similarly, in the case of Bills for collection and unconfirmed letters of credit, two sets should be forwarded either through the supplier’s bank or the offshore correspondent of the issuing bank, to the issuing bank, while the third copy is forwarded directly to the Nigerian Authorized Dealer bank.
4. In the case of Not-valid for foreign exchange transactions, only two sets should be forwarded directly to the bank that opened the Form “M”,
5. In the case of dutiable personal effects, two sets should be forwarded to the designated bank and if they are not (i.e. normal personal effects), the two sets should be forwarded to the appropriate Risk Management and Service provider.