By YUSUF BABALOLA
Nigerian importers have paid about $2.74 billion (N987.77 billion at prevailing rate of N360/$) in three years following the categorisation of Nigerian waters as a war risk, a development that spiked insurance premiums slammed on vessels and cargoes destined for Nigeria.
LEADERSHIP recalls that foreign shipping companies slammed war surcharge premium, a supplementary carrier charge that is only applied when insurance underwriters designate specific zones as war risks.
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Source: leadership.ng
intel reports
Security and Risk Report 24/05/23
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May 24, 2023 No Comments
