Liberia Swedish Trading

How it works

HOW IT WORKS

Efficient pre-finance and clearing services

1. Application & Payment 

Send in application

First you must apply for pre-finance clearing services with LSTC either online or at our office.

Optionally, you can ship directly through us. If you are shipping directly through us you are pre-financed at a monthly interest rate of 18%.

Provide documents

Provide us with all original documents on goods importing:

  • BIVAC and Bill of lading/Telex release
  • CRF (Clean report of filling)
  • Proof of ownership of items/goods imported  
  • Passport/guarantor
  • Original documents of the items to be held as collateral

Payment

Pay the IPD processing fees to LSTC

application payment clearance
verification shipping clearance

2. Simple verification & Agreement

We verify and authenticate all documents provided by you with Liberia Revenue Authority (LRA) and all other entities.

On behalf of you we process the import permit/declaration (IPD)

We inform you about all the clearing costs and provide an invoice

We reach an agreement on items to be held in collateral

You sign into the custody of LSTC the agreed items for collateral in line with the contract of secured loan obtained.

You and us (LSTC) enter into contract. You notarizes the contract document and deliver a copy to us. 

Note

In the absence of a notarized contract, the agreement becomes non-binding and we will not initiate the clearing process.

3. From Pre-financing to Repayment

  • We pre-finances and oversees the clearing and forwarding process of your goods.  
  • We also keep track of all payments made during the process and keep you well informed of costs incurred by providing receipts.
  • We retrieve all collateral items upon release of goods.
  • We securely store collateral items until you fully repay the amount of credit including interest.

Note

All our clients forfeits collateral items if, they have not repaid the full amount of loan by the contracted deadline. LSTC broker shall handle all payments on behalf of you during the clearing process.  The cost of this services shall be added to your total clearing cost.

pre-finance and repayment

Estimated Fees

Estimation of various fees included in the clearing process

BIVAC and IPD processing minimum

 

$250.00 USD  

Original bill of lading

$250.00 USD – $275.00 USD  for 1 x 20ft

$300.00 – $350.00 USD for  1 x 40ft

Telex release: 300.00 USD or 350.00 USD.

APM terminal handling fees (pay at port management)

$225.67 USD for 1 x 40

$165.00 USD for 1 x 20

Clearing agent fees

$350.00 USD for 1 x 40

$250.00 for 1 x 20

Trucking fees

Depends on the distance to the final delivery point