There are four principal expenses incurred by Oyivo Logistics clients. We outline the principal ones below. Please bear in mind that since needs vary with every client, we are unable to provide exact pricing for your service on this site. What is presented below is indicative pricing to give you a sense of what a typical customer might pay for the service. Please complete the signup form to receive more specific pricing.
Due Diligence & Validation Fee (One-Time):
- This is required of EVERY company.
- We shall verify the authenticity of the business with relevant embassies and law enforcement agencies after receiving documentation from the applicant firm.
- The NON-REFUNDABLE ONE-TIME fee for this service is $1500. (Registered Export Path members get a 50% discount on this fee. This discount alone is more than twice the annual cost of membership in Export Path. Companies interested in Oyivo Logistics services are encouraged BUT NOT REQUIRED to register in Export Path to realize this and other savings in their business development services.)
- This fee covers the attorney's fees, Consulate search charges, and other search expenses required for validation of the company's legitimacy.
- Companies are encouraged to provide information in a timely manner to expedite this process.
- It is important to note that Oyivo Exchange is not under obligation to provide the due diligence report to applicant firms but may deny service due to incomplete or unacceptable returns from the due diligence process.
- Companies may be asked to provide additional documentation and/or authenticated evidence of legal operation. Failure to do so shall result in cancellation of the search and failure of the validation.
- The fee indicated above is NON-REFUNDABLE.
Storage Charges (Monthly):
- Companies reserve and pay for space in our warehouse depending on their needs.
- We have flattened the charges across all our operating hubs so that clients find it easy to evaluate their expenses.
- Our storage charges are based on a volumetric rate of $1.5/cu. ft/month with a minimum allotted space of 20cu. ft/month (or part thereof).
- Storage space is allotted in increments of 20 cu. ft/month (or any part thereof).
- Clients may alter their space requests with 30-days notice, subject to the preceding minimum space and space increment conditions.
- To reduce expenses, clients are advised to package their product as efficiently as possible to reduce space requirements while in our operational hubs.
- Clients who wish to ship container-equivalent volumes or who have very large shipments may call for special dedicated pricing.
- The preceding assumes that products are stable and non-perishable. Customers who have refrigerated products or products requiring special handling should call for pricing
Clearing & Transportation Charges (Per Incident):
- These vary from country to country depending on the product and the details of the shipment.
- We recognize that clients may require indicative pricing just to get a sense of how the service works.
- For AIR FREIGHT to the Washington, DC area, the following indicative charges may apply (exclusive of regulatory & statutory charges):
- Clearing & transportation from Dulles Airport (IAD) to our DC hub: $250 for the first 100lb (or part thereof), $100 for every 100lb (or part thereof) thereafter.
- Clearing & transportation from Dar Es Salaam airport (DAR) to our Tanzania hub: $325 for the first 100lb (or part thereof), $125 for every 100lb (or part thereof) thereafter.
- Clients shall require a unique transaction ID to be reflected on the waybill prior to shipment to any of our hubs
- We expect clients to discuss their shipments and get a firm quote before shipping products to our hubs.
Handling & Shipping Charges To Customers (Per Incident):
- These charges cover the cost of packaging materials, the labor in packaging and shipment of products to the client's customers.
- The fee structure is determined at the time of contract. Some customers have accounts with the shipping companies (FedEx, UPS, USPS, etc.) to which shipments are billed. Others require that we cover the cost of shipping using our own accounts. We are open to both arrangements.
- Typically, handling charges for small boxes run less than $5/shipment (plus actual shipping cost).
- Obviously larger shipments attract higher handling charges. Rates shall be fixed at time of contract depending on client's indicated needs.
- If a particular shipment requires insurance or other incidental expenses, those are billed at cost to the client.
- We do not handle COD (cash-on-delivery) shipments.
Account Service Charge (Monthly):
- This fee covers the administrative overhead associated with each account. This includes accounting support, shipping confirmation, account reconciliation, etc.
- This a flat fee of $350/month, $750 for three (3) months, or $2500 for a year, payable in advance.
Operating Account:
- We recognize that clients cannot transfer funds to cover every single transaction, every time.
- To that end, clients are required to maintain an operating account to which variable (per incident) charges are billed.
- We require that this account maintain a positive balance to cover the charges indicated (the one-time due diligence and monthly charges are paid in advance and are not drawn from this escrow account).
- Each client gets a monthly statement of activity and is expected to top-up their escrow account when drawn down.
- Clients are advised to maintain an operating account of at least $750 to $1000 to reduce the costs associated with frequent money transfers and to avoid unfulfilled orders due to inavailability of funds in the operating account.
