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NIMASA reduces stevedoring rates for oil firm, others

The Nigerian Maritime Administration and Safety Agency has renewed its revised Offshore Cargo Handling and Operations Stevedoring rates following a downward review.

According to the agency, this is contained in the Second Schedule of the NIMASA Stevedoring Regulations 2014.

It added that the renewal of the rates, which had been reviewed downwards, would be for a period of six months.

In a statement, the Director-General, NIMASA, Dr Bashir Jamoh, said, “The idea is to make this unpleasant pandemic moment as friendly as possible to both businesses and the economy, in general.

“We are aware of the adverse effect of COVID-19 on business globally, how it has distorted business plans and skyrocketed costs in various sectors, particularly the petroleum industry. In NIMASA, we have a strategic plan to make the best of the bad situation, which we have continued to implement.”

According to the agency, the reviewed stevedoring rates apply to dry bulk cargo, liquid bulk cargo, onshore stevedoring, and offshore royalty.

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