Import and export of goods with Namibia — a bilingual EN/RU contract in 15 minutes. CISG not ratified, settlements in USD or NAD
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Namibian partner
A Russian company purchases goods from a Namibian supplier: diamonds, uranium, copper, seafood, and beef.
A Russian company sells goods to a Namibian buyer: petroleum products, metals, fertilizers, and industrial equipment.
A Russian company receives services from Namibian companies: mining, tourism, fisheries.
A Russian company provides services to Namibian clients: nuclear technology, IT, education.
Key terms to reflect in the contract with Namibia
Namibia has not ratified the CISG. However, the contract from the builder is governed by Russian law, and Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law (Art. 1(1)(b)).
CISG · Russian lawA Kimberley Process Certificate (KP Certificate) is mandatory for diamond exports.
Diamonds · KP CertificateThe Namibian dollar (NAD) is pegged to the South African rand (ZAR) at a 1:1 ratio. Both currencies circulate in Namibia. The form offers NAD, ZAR and USD.
NAD/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), the bank assigns a unique registration number.
173-FZ · contract registrationAnswers on drawing up a contract with a company from Namibia
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Namibia is a country rich in natural resources, including uranium and diamonds.
Company Registration Number issued via BIPA (bipa.na). The contract should state the company name, registration number, and address.
Namibia has not ratified the CISG. The contract from the builder is governed by Russian law with disputes referred to the ICAC at the Russian Chamber of Commerce and Industry; Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law.
The form offers USD, NAD and ZAR. NAD is pegged to ZAR at 1:1. SWIFT via FNB Namibia, Standard Bank Namibia.
Walvis Bay is Namibia's main commercial port.