Import and export of goods with Madagascar — a bilingual EN/RU contract in 5 minutes. Settlements in USD, vanilla and seafood
Choose contract type →Four contract types — for any deal structure with a Malagasy partner
Import vanilla, cloves, seafood, nickel, and chromite from Madagascar.
Export petroleum products, metals, grain, and industrial equipment.
Contract for services from Malagasy companies: mining, agriculture, IT.
Contract for services to Malagasy clients: energy, IT.
Key terms to reflect in the contract
Madagascar is the world's largest producer of natural vanilla (about 80% of global output). Prices are volatile; lock in the price in the contract at the time of delivery.
Vanilla · world leaderMGA (ariary) is the domestic currency. International contracts are in USD. SWIFT via banks with French capital (BFV-SG, BNI Madagascar).
USD · MGA domesticMadagascar has not ratified CISG. Specify the governing law explicitly in the contract: French law (the basis of Madagascar's legal system), Russian law, or a neutral jurisdiction.
no CISG · French lawA Russian resident is required to repatriate proceeds within the deadlines set in the contract. For amounts from 3 million RUB, a unique contract registration number (UNK) is issued.
173-FZ · repatriationAnswers to the most common questions
Madagascar is a large island off the coast of East Africa. The country exports unique agricultural products: vanilla, cloves, cocoa, as well as mining products (nickel, chromite).
In the contract, specify the NIF (Numéro d'Identification Fiscale), full company name, and address. Verification via EDBM (edbm.mg).
Madagascar has not acceded to CISG. The country's legal system is based on French law. It is recommended to specify French law or a neutral jurisdiction (Swiss) with ICC arbitration.
USD is the only practical option for international contracts. SWIFT via BFV-Société Générale and BNI Madagascar.
The port of Toamasina (Tamatave) is Madagascar's main port. From Novorossiysk via the Suez Canal — about 30 days.