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Foreign insurers impose $525,000 WRI on Nigerian-bound vessels, says NIMASA
The Nigerian Maritime Administration and Safety Agency (NIMASA) has lamented that foreign insurers impose a war risk insurance (WRI) charge of $445,000 per voyage for a very large crude carrier (VLCC) valued at $130 million plying Nigerian waters and $525,000 per voyage
Adaku Onyenucheya
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