News · CBN · 25 Oct 2006 · TED-AD-149-2006

Renewal of Exports Pre-shipment Inspection Contract with M/S Cobalt International Services Limited under the Nigerian Export Supervision Scheme (NESS)

On October 25, 2006, the Central Bank of Nigeria announced that it had renewed its pre-shipment inspection contract with Cobalt International Services Limited for another five years. The 1% fee under the Nigerian Export Supervision Scheme (NESS) was revised down to 0.5% of FOB value of exports, effective November 1, 2006. Authorized dealers were advised to inform their export clients accordingly.

NigeriaCentral Bank of Nigeria

09-61637804 09-61637802 25th October,2006

E-mail: ted@cenbank.org REF. NO: TED/AD/147/2006 TO: ALL AUTHORISED DEALERS AND THE GENERAL PUBLIC O. O. AKANJI (MRS) DIRECTOR TRADE AND EXCHANGE DEPARTMENT Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja RENEWAL OF EXPORTS PRE-SHIPMENT INSPECTION CONTRACT WITH MESSRS COBALT INTERNATIONAL SERVICES LIMITED UNDER THE NIGERIAN EXPORT SUPERVISION SCHEME (NESS) This is to bring to the notice of all the Authorised Dealers and the General Public that the Federal Government has renewed the preshipment inspection of exports contract with Messrs Cobalt International Services Limited for another term of five years.

Under the new contract, the 1% NESS fee has been reviewed downward to 0.5% of the FOB value of the exports inspected with effect from 1st November, 2006. The Authorised Dealers are advised to bring this information to the notice of their export customers for appropriate guidance.

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