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

Home » Container Deposit Refund: Shippers’ Council May Engage Insurance Firms      

Container Deposit Refund: Shippers’ Council May Engage Insurance Firms      

by Joshua
February 17, 2020
in Uncategorized

Apparently determined to address the age-long feud over return of container deposits to importers by shipping lines, the Nigerian Shippers’ Council is considering engaging insurance firms.

Our correspondent learnt last week that the Council is tinkering with an arrangement which will take the burden of collecting refunds on container deposits off importers.

A source within the Council told our correspondent that, even though, it is in gestation stage, it is expected that there will be a forum where all relevant stakeholders will appraise the novel idea. 

A container deposit is a refundable amount charged by a shipping company payable by a shipper for the use of the container  but which acts as a guarantee against damage, theft or detention.

This charge is often imposed because containers are valuable properties cherished by shipping companies. These deposits which are usually un-refunded run into several Millions of Naira yearly.

Meanwhile, maritime industry  stakeholders have thrown their weight  behind the Nigerian Shippers Council (NSC) on the proposal  bring in insurance firm to handle issues of container deposits’ refund.

The stakeholders who included a former national president of the National Association of Government Approved Freight Forwarders (NAGAFF) Dr. Eugene Nweke, and the founder of the National Council of Managing Director of Licensed Customs Agents (NCMDLCA), Mr. Lucky Amiwero, made their positions known in a separate chats with Shipping Position Daily in Apapa last week.

Nweke who lauded the NSC for the initiative said that container deposit can be referred to as a deliberate rip-off of shippers.

“You know the Shippers Council is saddled with the responsibilities of the economic regulations of the ports, talking about moderating financial excesses so that the cost of doing business in the ports will not be passed on to the masses”

Nweke however maintained that the initiatives by the NSC will not only easy the business and save money, but will also ensure a healthy and competitive environment.  

“You collect container deposit and you are now returning it, now you (shipping companies) will come out with lots of excuses that cannot be verified. So to this extent and to put a lasting solution not just trying to ease business and save money, but to show that there is a competitive, healthy environment, this is the way to go”, he said.

Meanwhile Mr. Amiwero applauded the Shippers Council for the wonderful initiative, even as he charged the council  to look at the legal implications of what they are doing.

He reiterated that insurance companies are better on the issue of handling of the container deposits.

Amiwero nevertheless described the collection of container deposits by shipping lines in Nigeria as an illegal act, which can only be obtained here in Nigeria because shipping lines are not properly regulated.

“And most of all these container deposits are not legal; it is common in Nigeria here; which the Nigerian Shippers Council is supposed to have addressed since, this thing has been there for a very long time and it is not helping anybody”, he stated.

 


Related Posts

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

June 30, 2025
Meningitis: Death Toll In Kebbi Hits 56 – Govt 

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

March 24, 2025
Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

January 8, 2025
PHOTO NEWS: SIFAX Thanksgiving and Night of Praise 2.0

PHOTO NEWS: SIFAX Group Thanksgiving and Night of Praise 2.0

December 18, 2024

Discussion about this post

Latest News

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

July 14, 2025

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

Oyetola Reaffirms Commitment to Logistics Reform, Commissions Zenith Carex HQ

Let the Council for the Regulation of Freight Forwarding in Nigeria Breathe

MONDAY INTERVIEW: “70% of the crew of Ocean Dragon are Nigerians”— Mrs Bernadine Eloka 

KNOW YOUR BODY PARTS: Body Mass Index (BMI)

Less Salt, Longer Lives: Nigeria’s Push For A Healthier Future

The Usefulness Of Watermelon Seeds You May Not Know

NPA Bags NASS PAC Transparency Award

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy 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