Import and export of goods with Madagascar — a bilingual EN/RU contract in 15 minutes. Settlements in USD, vanilla and seafood
Parties, documents and specifics for every deal scheme
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 with Madagascar
Lock in the vanilla price and volume in the contract for each delivery.
Vanilla · price in the specificationMGA (ariary) is the domestic currency. The form offers MGA, USD and EUR. SWIFT via Malagasy banks (e.g., BFV-SG, BNI Madagascar).
USD · MGA domesticMadagascar has been a party to the CISG since 1 October 2015, so the Convention applies automatically unless the parties exclude it. Matters the Convention does not settle are governed by Russian law chosen in the builder's contract (Art. 7).
CISG · 2015The deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it. Under Presidential Decree No. 430, the mandatory amount of foreign currency proceeds to be credited is tied to the mandatory sale rate — check the rate in force on the date of the deal. For amounts from 3 million RUB (import) or 10 million RUB (export), the contract is registered with the bank and receives a unique number (UNK).
173-FZ · contract registrationAnswers on drawing up a contract with a company from Madagascar
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
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 been a party to the CISG since 1 October 2015 and the Convention applies automatically unless the parties exclude it. The country's legal system is based on French law otherwise. 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.
The form offers USD, EUR and MGA. SWIFT via BFV-Société Générale and BNI Madagascar.
The port of Toamasina (Tamatave) is Madagascar's main port.