Shippers association not suing NSC over cargo defence fund
Nigerian shippers have said they have no intention to go into a legal battle with the Nigerian Shippers’ Council (NSC) over how the proposed N7 trillion loss compensation is to be spent.
The Executive Secretary of NSC, Emmanuel Jime, had recently revealed that the N7 trillion compensation would be utilised as seed capital for the Cargo Defence Fund (CDF), despite the unresolved legal suit over the issue.
The shippers frowned on the decision and described the move as autocratic and unilateral, alleging that the NSC boss left them out of the arrangement to invest the N7 trillion in CDF.
Although, the shippers, under the aegis of Shippers Association Lagos State (SALS) stated that they were not in dispute with the NSC over the CDF when the matter is awaiting final determination at the court.
The President of SALS, Jonathan Nicol, said the CDF was nominated by the shippers as one of their prayers during the litigation between them and the terminal operators.
He said the fund would alleviate the sufferings of struggling shippers from time to time and facilitate the resolution of the clearing of trapped cargoes.
According to Nicol, the fund is expected to attract investments from areas of the maritime sector and will be a direct contribution of shippers to the fund.
“We are committed to resolving the problems in the maritime sector through the Nigerian Shippers’ Council. There is, therefore, no need to heat the already-charged environment,” he said.
Speaking on the reported plan to take the Council to court, Nicol said: “The Shippers Association Lagos State has no intention of going to court against the Nigerian Shippers’ Council over the CDF when the matter is still awaiting final determination.”
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