2008-11-14 | TED-FEM-FPC-GEN-01-122-08

Re-Pre-Shipment Inspection of Crude Oil Exports

The Central Bank of Nigeria has appointed Messrs Cobalt International Services Limited to carry out Pre-shipment Inspections for crude oil exports, effective November 1, 2008. Authorized dealers and the general public should note that the previously designated banks have been updated to include Ecobank and Unity Bank Plc. The Ness fee for crude oil exports has been reduced from 0.15% to 0.1% of the assessed FOB value, with payment due from both NNPC and independent crude oil exporters. All exports shall be on Free Board (FOB) or Cost and Freight (CFR) basis.

Nigeria

Central Bank of Nigeria

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