The Federal Government of Nigeria through the Federal Ministry of Trade and Investment last week in Abuja reviewed the procedure for the issuance of petroleum products Export Clearance Permit (ECP) which would take effect from the second quarter of 2012.
The Federal Government of Nigeria through the Federal Ministry of Trade and Investment last week in Abuja reviewed the procedure for the issuance of petroleum products Export Clearance Permit (ECP) which would take effect from the second quarter of 2012.
Permanent Secretary, Federal Ministry of Trade and Investment, Mr. Dauda Kigbu, told a stakeholders' meeting on the Review of the Procedure for Issuance of Export Clearance Permit held at the ministry's headquarters that after due assessment of the current procedure, following a number of anomalies which included avoidable delays in the form of bureaucratic bottlenecks and willful abuse of due process, the federal government resolved that to remedy the situation, the process should be completely overhauled to enable it conform to global best practices.
Under the reviewed guidelines, the following categories of companies were shortlisted for Export Clearance Permit (ECP) to export Crude Oil, Liquefied Natural Gas, Liquefied Petroleum Gas, Condensate, Refined Products, Lubricants and Grease.
They include; Nigerian National Petroleum Corporation; International Oil Companies (IOCs); Pipelines and Products Marketing Company(PPMC)Ltd; Indigenous Oil Producing Companies; Major Oil and Gas Marketing Companies; Independent Petroleum Marketing Companies(IPMAN or DAPPMA companies) with current Department of Petroleum Resources(DPR) licence for receptacles/storage facilities(i.e jetties/depots).
The guidelines further stipulated conditions for exportation of oil and gas and other petroleum products to include, application for Export Clearance Permit made on company's letter head paper; duly completed Application Form E001attached with a copy of Certificate of Incorporation of the applicant's company, Company Article and Memorandum of Association, current Production/Storage/Sales license issued by the Department of Petroleum Resources(DPR),current Weights and Measures Department certificate of conformity for the Fiscal Meters, Gauges, and all Custody Transfer Weighing and Measuring instruments at the terminal(s) to be used for the export, original bank reference with committed and explicit statements and a 3-year Tax Clearance certificate.
It added that every export permit shall have duration of 90 days from the date of issue.
In addition, each exporter of Oil and Gas must complete Form DV001on the previous Exportation for which permit was granted along with copies of all relevant invoices and shipping documents before any subsequent application for another Export Permit would be approved.
It further directed that for every new application for a Permit, the last Permit granted to the company must be surrendered to the Commodities and Products Inspectorate Department of the ministry.
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