Import and export of goods with Lesotho — a bilingual EN/RU contract in 15 minutes. Settlements in USD or ZAR, transit through South Africa
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Lesotho partner
Import diamonds, textiles, and clothing from Lesotho.
Export food products, fertilizers, and industrial goods to Lesotho.
A contract for services from Lesotho companies: mining, textiles.
A services contract for clients in Lesotho: engineering, IT.
Key terms to reflect in the contract with Lesotho
Lesotho is completely surrounded by South African territory. Lesotho is a member of the Southern African Customs Union (SACU) with a common external tariff; customs clearance in Lesotho is handled by Revenue Services Lesotho (RSL). Take this into account when choosing the delivery basis.
SACU · transit through South AfricaExporting diamonds requires a Kimberley Process Certificate (KP Certificate).
Diamonds · Kimberley ProcessThe loti (LSL) is fixed to the South African rand (ZAR) at a 1:1 ratio. The form offers LSL, ZAR and USD.
LSL/ZAR · 1:1 pegThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it; the mandatory amount of foreign currency proceeds to be credited is set by Presidential Decrees No. 79 and No. 430. For amounts from 3 million RUB (import) or 10 million RUB (export), a unique contract number (UNC) is issued.
173-FZ · contract registrationAnswers on drawing up a contract with a company from Lesotho
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Lesotho is a small kingdom completely surrounded by South Africa. Its main export items are diamonds and textiles; the country is a member of the Southern African Customs Union (SACU).
All foreign trade operations with Lesotho pass through the SACU customs territory. Goods are delivered via South African ports (Durban, Port Elizabeth).
Company Registration Number via OBFC (One Stop Business Facilitation Centre, obfc.org.ls). In the contract, state the company name, registration number, and address.
LSL is pegged to ZAR 1:1. The form offers USD, ZAR and LSL.
Lesotho has been a party to the CISG since 1 January 1988, so the Convention applies automatically unless the parties exclude it. Questions the Convention does not settle are governed by Russian law chosen in the builder's contract (Art. 7), with disputes referred to the ICAC at the Russian Chamber of Commerce and Industry.