CargoX | CargoX Platform minimum unit purchase amount, and Excel document validation
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Exporting to Egypt? Prepare for Egyptian ACI NOW. Start here

CargoX Platform minimum unit purchase amount, and Excel document validation

Nov. 23, 2021, noon

Dear CargoX Platform users,

Allow us to share with you an important update to the CargoX Platform.

New minimum amount of units when paying by bank transfer set to 15 𝕌 (=15 USD)

We are welcoming a growing number of freight forwarders to the CargoX Platform!

If you are a freight forwarder and wish to successfully manage the ACI filing process for an exporter exporting into Egypt, you need to complete the verification process on the CargoX Platform. The cost of the process is 15 Units (𝕌).

To accommodate freight forwarders, we have changed the minimum amount of units that companies can purchase by bank payment – the minimum is now 15 𝕌, down from 400 𝕌.

These typical costs for services provided on the CargoX Platform apply to all types of users:

  • Cost of company verification (mandatory for Egypt ACI) = 15 𝕌 (first time only!)
  • Cost of Egypt ACI filing = 150 𝕌 (min) - 165 𝕌 (max)

Unfortunately, the intermediary banks often deduct a transaction processing fee of USD 10-40 (and sometimes even up to 60!) from the bank transfer amount, regardless of the payee's instructions to cover all bank transfer costs (SWIFT setting: OUR).

Neither you nor CargoX has any influence over whether the bank adds a surcharge onto the transfer amount, or deducts the cost from the transferred amount.

CargoX always issues units in the amount of USD currency actually received. You should choose to transfer a USD amount that is sufficient to purchase the number of units (𝕌) beyond the minimum you need, just to stay on the safe side. Especially if you are in a hurry.

Units (𝕌) can be purchased through a bank wire transfer, or by credit card.

Validate your Excel invoice for NAFEZA on the CargoX Platform

The Egyptian Customs Authority requires all exporters to Egypt to submit an invoice in both a PDF document and a predefined, structured Excel document format when filing an ACI on NAFEZA.

CargoX now makes it possible for exporters to validate their Excel invoices before submitting the ACI filing - see this step by step guide for details.

This simplifies and speeds up the process, as you no longer have to wait until NAFEZA accepts or rejects your Excel invoice.

The new feature is available to all verified users of the CargoX Platform.

Other

Use multiple accounts to reduce risk for enterprises
21 Jun 2022
To reduce the risk of workflow slowdowns or the inability to process and transfer you electronic trade documents, we encourage companies to create individual user accounts for each user who is involved in document preparation and processing.
Delegation functionality introduced
16 May 2022
The new Delegation feature provides a company (principal) with a way to be represented by another company (representative) in the process of transferring ACI electronic documents on the CargoX Platform.
CargoX Platform ACI air - testing starts 15 May 2022
13 May 2022
CargoX and the Government of Egypt’s NAFEZA will start testing the ACI Air declaration on 15 May 2022. The process will become mandatory on 1 October 2022.
Promotional units discontinuation
31 Dec 2021
As of 1 February 2022, all volume discounts (promotional units (𝕌)) will be discontinued. January 2022 will be the last month when you can take advantage of our volume discount, and receive up to 15% additional promotional units in return.
CargoX Platform Update
14 Oct 2021
The CargoX Platform now enables payment with credit cards, you can order any amount of service units (25 USD minimum), and there is an Egypt ACI filing document cap at 15 USD (for 5+ documents in the ACI envelope).
CargoX - ACI filing for Egypt enabled, mandatory use starts on 1 October 2021
8 Jul 2021
The Government of Egypt has issued a decree to extend the trial phase of the Advance Cargo Information System until the end of September 2021. Electronic ACI filing through the CargoX Platform will be mandatory as of 1 October 2021. ACI filing is already operational!

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