NSC Halts New Shipping Tariffs, Revert To Old Rates Immediately Or Face Sanctions
NSC Halts New Shipping Tariffs, Revert To Old Rates Immediately Or Face Sanctions.
By Success Okezie
The Nigerian Shippers’ Council (NSC), exercising its statutory authority as the economic watchdog of Nigeria’s port and shipping sector, has issued a directive to all shipping lines and their agencies: suspend the newly approved tariffs, effective immediately.
This directive is a direct outcome of the NSC’s proactive engagement with key stakeholders, addressing significant concerns about the newly approved tariffs’ timing, structure, and far-reaching implications for port users and the broader logistics ecosystem.
The Council is taking proactive measures to safeguard the sector’s integrity, deeming it essential to temporarily halt further implementation of the tariffs. This crucial move allows for exhaustive consultations and a thorough regulatory review, ultimately fostering an environment of fair competition, transparency, and stability within the maritime transport sector.
All affected operators are hereby instructed to immediately revert to and strictly adhere to the previous tariff regime, effectively nullifying the recent increase. Any failure to comply with this directive will be deemed a breach of regulatory compliance, triggering appropriate sanctions in accordance with existing laws and regulations.
The NSC will communicate its definitive stance once stakeholder consultations and internal reviews are complete, reinforcing its unwavering dedication to effective economic regulation, safeguarding cargo interests, and fostering an efficient, equitable maritime transport ecosystem.
The Nigerian Shippers’ Council remains unwavering in its dedication to robust economic regulation, safeguarding cargo interests, and fostering a maritime transport system that’s both efficient and equitable. All operators are strongly urged to adhere strictly to this directive, ensuring immediate compliance.
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