Certificate of Ownership
A Certificate of Ownership (also called "C of O" in some contexts, though technically distinct from land documents) is the primary document that proves legal ownership of a registered vehicle in Nigeria. For cars, the equivalent is the Vehicle Licence and the official change-of-ownership papers.
Clearing Cost
Clearing cost is the total amount paid to import a vehicle into Nigeria through an official port of entry. It includes customs duty, port charges, agent fees, and other levies. It is distinct from the purchase price of the vehicle abroad.