...Agency Moves To End War Risk Insurance Premium On Nigeria Bound Cargo
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NIMASA, Dr Dayo Mobereola (second right) flanked by the Executive Directors of the Agency at the interactive session with the Media
The Director General of Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Dayo Mobereola
has disclosed that his Agency will not support any plans to set up any National Carrier Shipping line that would be owned by government but will rather encourage private Nigerian ship owners to acquire vessels must fly the Nigerian flags.
He also disclosed that the Agency under his watch is working towards boosting the country’s indigenous fleet while also encouraging other foreign ship owners to fly the country’s flag, adding that everything would be done to automate the country’s ship registry to make it attractive to foreign liners.
Speaking at an interactive session with the media on Monday in Lagos, the DG also disclosed that the country’s Designated Authority is currently rallying the support of multi-lateral agencies including the United Nations and indeed the global shipping stakeholders towards ending the War Risk Insurance Premium imposed on vessels coming to Nigerian ports.
He stated that the NIMASA has commenced wide range of consultations with strategic global shipping stakeholders including the UN with a view to ending the controversial insurance premium on the country’s shipments.
The DG disclosed that the primary objective of his recent visit to the Chatham House was to enlist the support of the United Kingdom government so that the issue of the retention of the outrageous insurance premium would be brought up before the UN Security Council.
Mobereola noted that the cartel behind the premium might not easily give in unless very serious pressure is mounted on the cartel, which is why the agency is currently rallying global support.
In his words; “There is a very strong cartel behind the premium and they make so much money from it and would not likely give in easily. Even if we have zero piracy attack for the next 10 years, we cannot win the fight alone. This is why we have decided to work with international partners, so we had to take the fight to the UN. One of the issues I raised during my visit to the Chatham House was how the War Risk Insurance placed on Nigerian bound cargo can be removed".
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