“Sustained Security Will Lead To Removal Of War Risk Surcharge”
Fred Omotara, Lagos
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh has said that sustained security of merchant shipping in Nigerian Waters and the greater Gulf of Guinea region will lead to waiver of War Risk Insurance Premium on Nigerian-bpund cargoes.
Disclosing this on Wednesday during a conversation centred on issues of national security with the Chief of Defense Staff, General Lucky Irabor at the Defence Headquarters in Abuja, Dr. Jamoh stated that, “The removal of War Risk Insurance Premium on Nigerian-bound vessels (and their cargo) is premised on the sustained security of merchant shipping in Nigerian Waters and the greater Gulf of Guinea region.
“We must continue this collaboration to ensure that the gains in recent times regarding the reduction of piracy results in the removal of war risk insurance premium.”