NIMASA Renews Downward-reviewed Stevedoring Rates

The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced renewal of the revised Offshore Cargo Handling and Operations rates contained in the Second Schedule of the NIMASA Stevedoring Regulations 2014.

This, the agency said, is in line with its efforts to mitigate the impact of COVID-19 pandemic on socio-economic activities.
In a statement released by the Assistant Director, Public Relations, NIMASA, Edward Osagie, on Sunday, NIMASA said it was renewing  the rates, which had earlier been reviewed downwards,  for a period of six months.

Director General of NIMASA, Dr. Bashir Jamoh, said renewal of the reviewed stevedoring rates was in line with the Agency’s determination to make the best of a bad situation occasioned by the pandemic in order to help businesses that were negatively affected.

“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,” Jamoh stated.

The reviewed stevedoring rates apply to dry bulk cargo, liquid bulk cargo, onshore stevedoring, and offshore royalty.

The Agency’s regulatory powers under the Nigerian Maritime Administration and Safety Agency Stevedoring Regulations 2014 empowers it to review fees, levies, and charges stipulated in the regulations and issue directives accordingly.