Nigerian Maritime Law Association Calls for Cancellation of Temporary Import Permit on Vessels

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Maritime Law News

Nigerian Maritime Law Association,Temporary Import Permit,Vessels

Members of the Nigerian Maritime Law Association (NMLA) are urging the government to cancel the Temporary Import Permit (TIP) on vessels in Nigeria due to widespread abuse by operators in the maritime and oil and gas industries. TIPs allow for the approval of cargoes for a one-year period, with the possibility of extension. However, failure to re-export the equipment after use may result in import duty payment or the liquidation of the bank bond or cash deposit provided for the issuance of TIP.

MEMBERS of the Nigeria n Maritime Law Association, NMLA, have called on the government to cancel Temporary Import Permit on vessels in Nigeria , saying that the permit has been grossly abused by operators in both the maritime and oil and gas industries.

Afun said that the concession and intervention given to the aviation sector by allowing operators to own and lease aircraft should be extended to the maritime industry. His words: “Really looking at it from a future perspective, I know the former Director General of the Nigerian Maritime Administrative and Safety Agency, NIMASA, was pushing and was awaiting the presidential assent for it to be gazetted.

Source: Law Daily Report (lawdailyreport.net)

Nigerian Maritime Law Association Temporary Import Permit Vessels Nigeria Abuse Operators Maritime Industry Oil And Gas Industry Import Duty Re-Export Bank Bond Cash Deposit

 

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