📋 Standard Nigerian Export Payment Terms
- 70–80% paid against B/L Copy — The bulk of payment is released only when the seller provides a copy of the Bill of Lading (proof of shipment). No large advance payment required.
- 20–30% final payment on arrival & inspection — The balance is held in escrow and released only after goods arrive at destination and the buyer confirms quality and quantity through inspection.
- These terms are stated in the sales contract from day one and apply to all B2B export transactions on NaijaSwap.
Why this matters: This is the industry-standard payment structure for Nigerian commodity exports. It protects both buyer and seller — the seller ships with confidence knowing payment is secured against B/L, while the buyer retains a holdback to ensure goods match specifications on arrival. NaijaSwap escrow enforces these terms automatically.
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