NAN-HE-24
Shippers
By Uchenna Eletuo
Lagos, July 10, 2017 (NAN) The Cargo Defence Fund (CDF) on Monday re-iterated commitment to protecting Nigerian shippers against international sharp practices.
The CDF’s Executive Secretary, Mr Danial Okwudili, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Lagos.
Okwudili said that some shippers were unaware that the fund had been making `underground’ moves to dismantle international trade encumbrances.
The executive secretary called on the Nigerian shippers to register with the fund in order to benefit from its legal and technical services aimed at safeguarding their businesses.
According to him, the fund is an offshoot of the Nigeria Shippers Council (NSC) and offers payment for risk management services and foreign legal representation to aggrieved shippers.
“We convene alternative dispute resolution forum to disagreed parties to find soft-landing to international trade cases that would have lingered for ages, thereby disrupting business transactions,’’ Okwudili said.
He noted that the Cargo Protection and Indemnity Fund and the Cargo Litigation Fund were merged to form CDF.
The executive secretary called on shippers to embrace CDF for optimal services and avoid unwarranted international sharp practices in the maritime sector. (NAN)
EUC/AOM/IGO
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(Edited by Abdullahi Mohammed/Ijeoma Popoola)