About Charcoal
What is Charcoal?
Charcoal is the lightweight black carbon and ash residue used as a source of fuel. It is produced from burnt or charred woods in the absence of oxygen so that what’s left is an impure carbon residue.
Nigeria currently ranks second to Brazil in the production of charcoal. Most western countries prefer Nigeria’s charcoal because Nigeria is rich in tropical hardwood, which burns hotter and slower. Even though Charcoal is an old source of energy, Nigeria currently exports 380,000 metric tonnes of charcoal annually.
Charcoal is still a modern source of energy for Cooking in both rural and urban centres. It is an export commodity in Nigeria, with a large market in the EU, USA and Asia.
Types of Charcoal
1). Lump Hardwood Charcoal
2). Shisha Charcoal
3). BBQ Charcoal
4). Briquette Charcoal
Trade Process
Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference.
Here’s what they entail:
1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered.
2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination.
3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it.
4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.
