NSC Orders Shipping Lines And Agencies To Immediately Suspend Increase Of Approved Tariff
By Asuquo Nuwak
NSC Orders Shipping Lines And Agencies To Immediately Suspend Increase Of Approved Tariff
In exercise of its statutory mandate as the economic regulator of the port and shipping sector, the Nigerian Shippers’ Council, NSC has directed all shipping lines and their respective agencies to immediately suspend the implementation of the recently approved tariffs.
The directive which was contained in a statement issued in Lagos by the management of the council, observed that the directive was issued in pursuant of the ongoing engagements with critical stakeholders and in response to substantive concerns raised regarding the timing, structure, and potential impact of the said tariffs on port users and the wider logistics value chain.
In order to safeguard fair competition, transparency, and sectoral stability, considered it necessary to halt further implementation pending the conclusion of comprehensive consultations and regulatory review.
Accordingly, all affected operators are mandated to revert to, and apply strictly, the tariff regime that was in force immediately prior to the said increase.
Beyond all these, the report said any deviation from this directive shall constitute a breach of regulatory compliance and will attract appropriate sanctions in line with extant laws and regulations.
Additionally, the council will, upon conclusion of stakeholder consultations and internal review processes, communicate a definitive position on the matter.
Besides, the NSC remains resolute in its commitment to effective economic regulation, protection of cargo interests, and the promotion of an efficient and equitable maritime transport system.
Furthermore, all operators are hereby enjoined to ensure strict and immediate compliance.
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