shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » VIN PROTEST: Importers Accumulate N420 Million As Demurrage Charges In One Week

VIN PROTEST: Importers Accumulate N420 Million As Demurrage Charges In One Week

by Joshua
February 28, 2022
in Featured, News

Oluyinka Onigbinde

Investigation by Shipping Position Daily has revealed that a whooping N480 million may have been incurred by importers as demurrage and storage charges in the last one week owing to the withdrawal of services by clearing agents operating at the Tin Can and PTML in Lagos port over the Vehicle Identification Number (VIN) valuation policy that was recently introduced by the Nigeria Customs Service (NCS).

Tin-Can-Island-Port-Lagos

With about 1800 vehicles cleared out of the Ports and Terminal Multiservice Limited (PTML) and Five Star Logistics Terminal at Tin-Can Island port daily, checks by Shipping Position Daily however revealed that about 6000 vehicles are currently trapped at the Ports and Terminal Multiservice Limited (PTML) and Five Star Logistics since the clearing agents began their strike last week Monday, vehicles importers have accumulated huge storage charges as vehicles cannot be cleared out of the two RoRo terminals at Tin Can ports.

Further checks by our correspondent revealed that four vessels with over 8,000 vehicles are expected to berth at the two ports between Wednesday last week and today (Monday) this is according to information obtained from the Nigerian Ports Authority (NPA). The four vessels are: Paglia, Grande Sierra Leone, Grande Cotonou, and Grande Cameroon. They will berth at the PTML between February 24th and 28th.

Our correspondent who spoke with a member of the Association of Nigerian Licensed Customs Agents (ANLCA); Mr Sobola Salaudeen was reliably informed that terminal operators charge storage fees three days from the date the vessel berthed at the port to discharge vehicles. He informed that PTML and Five Star Logistics charge N5,000 on each vehicle for the first five days it stayed in the terminal, while N10,000 is charged daily for vehicles that stayed between six to 10 days and N15,000 charged daily for vehicles between 11 to 15 days.

This was corroborated by other clearing agents, who also acknowledged that the burden of demurrage and storage fees to terminal operators await them.

It was gathered that PTML has over 10,000 units of vehicles while Five Star Logistics Terminal has the capacity to receive over 5000 units of vehicles.

When our correspondent contacted the general manager, PTML; Mr Tunde Keshinro, on the possibility of granting a waiver of demurrage/storage charges incurred as a result of the strike that was embarked upon by clearing agents, he abruptly told our correspondent “No Comments, I don’t want to comment on this please”.

As our correspondent tried to probe further if there is a form of waiver clause to be given to importers Mr. Keshinro abruptly cut the call.

Our correspondent who also sought the reaction of the Five Star Logistic terminal regarding the issue was also unsuccessful as the customer care manager, of the company at Tin Can Island port, Chuks Okereafor, told our correspondent: “If you know where Comet head office is situated, please go there, Comet is Five Star head office, you can speak to the Managing Director” he said.

Meanwhile, clearing agents have vowed to continue their protest until the Customs Service yields to their demands of not using Internet-generated value to determine the duty payable on imported vehicles.

In a chat with Shipping Position Daily, the vice president, Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto said before valuation on vehicles are arrived at, certain issues should be considered.

Read Also:  Nigeria Export Value Surpasses Import In Q4 2021

“They have to reverse the policy so that people can go back to work. We must agree on the value and we must put a lot of things into consideration because the law says Tokunbo vehicles enjoy rebate and that hasn’t been implemented in the new policy as they still use internet value which is not admissible if not, clearing agents will continue with the strike,” he said.

However, when contacted the Public Relations Officer of the NCS PTML command informed our correspondent that despite the ongoing strike against the VIN, genuine importers have started paying customs duty on vehicles. He said that the command collected N1.3 billion last week Wednesday from valuation despite protest by the agents.

When contacted, the National Public Relations Officer, Nigeria Customs Service (NCS), Deputy Comptroller Timi Bomodi, said the service will commence stakeholder engagement this week.

Bomodi said the service expected resistance to the policy and stated that clearing agents and importers are the ultimate beneficiary of the VIN valuation policy.

“Clearing agents have been engaged at PTML and Tin Can Island and their leaders have been spoken to. We told them what the service intends to do, going forward and we will carry out more enlightenment on this issue by next week. We will be in Lagos for a town hall meeting with stakeholders and hopefully, we will resolve this issue once and for all” he said.

shippingposition

Kindly like us on Facebook


Tags: VIN PROTEST

Related Posts

Shippers’ Council, NRS, NSW Seek Waiver for Importers Over Single Window-induced Port Delays

Shippers’ Council, NRS, NSW Seek Waiver for Importers Over Single Window-induced Port Delays

April 11, 2026
INTERVIEW: The major thing that I want to do going forward is the restructuring of the Shippers Council —Barrister Pius Ukeyime Akutah

NSC Defends Tariff Adjustments, ICTN Delay, Says Decisions Driven by Law, Stakeholder Engagement, Not Pressure

April 11, 2026
Navy Recovers 531,500 Litres, Conducts 183 Operations Under Delta Sentinel In Q1

Navy Recovers 531,500 Litres, Conducts 183 Operations Under Delta Sentinel In Q1

April 11, 2026
Alleged Extortion: NIS CG Removes Lagos-Seme Border Command Controllers

Alleged Extortion: NIS CG Removes Lagos-Seme Border Command Controllers

April 11, 2026

Latest News

Shippers’ Council, NRS, NSW Seek Waiver for Importers Over Single Window-induced Port Delays

Shippers’ Council, NRS, NSW Seek Waiver for Importers Over Single Window-induced Port Delays

April 11, 2026

NSC Defends Tariff Adjustments, ICTN Delay, Says Decisions Driven by Law, Stakeholder Engagement, Not Pressure

Navy Recovers 531,500 Litres, Conducts 183 Operations Under Delta Sentinel In Q1

Alleged Extortion: NIS CG Removes Lagos-Seme Border Command Controllers

Navy Boosts Shipbuilding, Special Forces Capability Through Egypt Partnership

Trump Says Iran Should Not Charge Fees To Tankers Going Through Strait Of Hormuz

FG Secures £746m To Upgrade Apapa, Tin Can Island Ports

BOAN Seeks Regulatory Reforms to Strengthen Barge Operations in Nigeria’s Port System

Customs Intercepts Live Pangolin Smugglers In Major Wildlife Trafficking Crackdown

Vessels Expected At Lagos Ports As At 10th April, 2026

FG Inaugurates NCX Governing Board To Boost Commodity Market, Non-Oil Exports

Nigeria Spends $10bn On Food Importation Annually-Association

kindly like our Facebook page

Health

Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025
Health

Stress Management: Psychiatrist Identifies Effective Coping Mechanisms

March 16, 2026

A consultant Psychiatrist, Dr Stephen Oluwaniyi, has identified stress as a risk factor for developing mental health conditions, advising that...

Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

March 16, 2026
Lemons Are Among Fruits That Have The Highest Healing Powers Of Diseases On Earth

Lemons Are Among Fruits That Have The Highest Healing Powers Of Diseases On Earth

March 9, 2026
Nigeria Reports Higher Lassa Fever Death Rate

Nigeria Reports Higher Lassa Fever Death Rate

March 9, 2026
The Big Question: Can Diabetes Be Reversed?

Some Early Warning Signs of Diabetes That You Don’t Know, But Should

March 2, 2026
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

February 23, 2026
SHOCKING: FIIRO Links High Rates of Organ Failure, Cardiovascular Diseases in Nigeria to Local Grinding Machines

SHOCKING: FIIRO Links High Rates of Organ Failure, Cardiovascular Diseases in Nigeria to Local Grinding Machines

February 23, 2026
MONDAY INTERVIEW: Oyebamiji Did Not See The Media As Adversaries, But As Partners In Development”—Minister Oyetola

DANGER: 11% Of Nigerians Have Kidney Disease – Experts

February 16, 2026
Snakebite Envenoming, Silent Killer In Nigeria – Expert Warns

Snakebite Envenoming, Silent Killer In Nigeria – Expert Warns

February 9, 2026
World Cancer Day: Cancer Not Always Death Sentence  Says Oncologist

World Cancer Day: Cancer Not Always Death Sentence  Says Oncologist

February 9, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition