The Central Bank of
The apex bank said that it will do this in conjunction with the
A Deputy Director, Trade and Exchange, Mrs. O.L. Ahuchogu had at a meeting with shipping stakeholders in Apapa recently expressed concern at the rate at which CBN receives applications for payment of
Ahuchogun disclosed at the meeting that the increasing applications made the CBN to seek the opinion of the Shippers ' Council and other experts on the matter. She made it clear that transactions between stakeholders within
She pointed out that some of the payments for which the shipping companies seek foreign exchange from CBN had already been paid in the contract of affreightment by shippers, adding that there was no need for the shipping companies or agents to source for foreign currency for such payments.
During the meeting, the proposed guideline, THISDAY gathered, was read to the stakeholders who attended the meeting in Apapa.
Among the resolutions reached during the meeting co-chaired by the Director of Commercial Shipping Service of the
Another outcome of the meeting was that local shipping agents shall not be allowed to access the interbank market to pay statutory charges. However payment of freight and charter party fees would have to be confirmed by the
In the same manner, it was agreed that remittance of demurrage arising from delays encountered by vessels shall be allowed subject to confirmation by the
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