Indigenous Shipowners May get NNPC, NIMASA Nod To Lift Crude
… As Dakuku Champions New Trade Terms to Boost Indigenous Shipping
… Kachikwu, Baru Weigh Options
Shipowners and other stakeholders in the maritime sector are on the verge of getting the desired change in trade terms from Free On Board (FOB) to Cost Insurance and Freight (CIF) which would enable them to begin to lift Nigeria crude and ultimately boost indigenous capacity.
This new encouragement was a fall out from the stakeholders’ engagement on changing Nigeria’s crude oil affreightment trade term from FOI to CIF which was organised by Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety (NIMASA) held on Tuesday at the NNPC towers in Abuja.
The Minister of State For Petroleum Dr. Ibe Kachikwu who declared the event open welcomed the de...