Observation

      Hindrances Mr. Alim could face in his expansion plans

1. Cultural difference between Nigeria and the intended country could serve as a hindrance.
2. Tariffs in the intended country could serve as a hindrance.
3. Trade restrictions in the intended country could serve as a hindrance.
4. Political situation of the intended country could serve as a hindrance.
5. Difference in currency could serve as a hindrance.
6. Language difference between Nigeria and the intended country could be a hindrance.

(b) Documents Mr. Alim would require in his international business transactions are

1. Indent
2. Bill of lading
3. Bill of entry
4. Letter of credit
5. Certificate of origin
6. Consular invoice
7. Ship manifest
8. Dock receipt
9. Shipping note
10. Bill of sight 
11. Bill of exchange
12. Certificate of insurance
13. Export invoice
14. Inspection certificate

               
Explanations

1. Indent: Is an order placed by the importer to the exporter which contains the essential information regarding the goods to be imported,
2. Bill of lading: Is a title document which authorizes the holder to take possession of the imported goods.
3. Bill of entry: Contains detailed particulars of all goods imported into a country.
4. Letter of Credit: Is an undertaking by the importer’s bank to pay the exporter once the goods are shipped and necessary documents made available by the exporter’s bank.
5. Certificate of origin: Is a document that gives information and proof that the imported goods are manufactured in a particular country.
6.  Consular invoice: Is a document signed by the consul of the country to which the goods are to be consigned/ exported.
7. Ship manifest: provides information about the occupants of the ship, cargo and its destination.
8. Dock receipt: Is a receipt for goods delivered and stored in the warehouse.
9. Shipping note:   It is a document sent to the shipping agent by the exporter which contains information for transporting the goods
10. Bill of sight:  It is a document submitted to the custom duties when a full description of the imported goods cannot be provided.
11. Bill of exchange/Promissory note:  This is a document that contains an agreement signed by an importer to pay the exporter a certain some of money on a specified date.
12. Certificate of insurance:  This is a document those servers as evidence against damages, risks or losses on goods shipped by the exporter to the importer.
13. Export invoice: This is a document that is used to maintain record of goods shipped abroad.
14. Inspection certificate:   This document is issued by an independent third party stating that goods had been inspected and conform to quality specifications.