Standard Operating Procedures (SOPs) – Shipping World News Magazine

A bonded terminal is a secure facility, typically near a port or airport, where imported goods can be stored under customs supervision without immediate payment of duties and taxes. These goods remain in the terminal until they are either re-exported or cleared for domestic use, at which point the necessary duties and taxes are paid. Essentially, it's a designated area for the temporary storage of imported goods, allowing businesses to defer duty payments. Bonded terminals operate under the strict supervision of the Nigeria Customs Service Bonded terminals are strategically located near major points of entry and exit for international trade. The primary benefit is the ability to defer duty payments, which can be a significant advantage for businesses with large import volumes or...

Maritime security experts under the aegis of the ‘’Support for West African Maritime Security’’ (SWAIMS), has pledged to partner the Nigerian Ports Authority (NPA) to address maritime security and safety within the country's waters. The group, affiliated to the European Union, provides support to ECOWAS Countries and Mauritania in the drive to fight against piracy and related crimes in the sub-region offered its technical assistance on the anti-piracy and nautical security services, among others. The SWAIMS team on a working visit to the Authority's head office in Marina Lagos, identified electronic management control, deepening of International Ships and Ports Facility Security ISPS Code compliance and sustenance, security surveillance and deterrence as critical areas of concern. Th...

Tag: Standard Operating Procedures (SOPs)

The Many Sins of Nigeria’s Bonded Terminals. By ASU BEKS.

SWAIMS PARTNERS NPA ON MARITIME SECURITY AND SAFETY