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.
I entered the maritime security world in 2009, becoming Intelligence Officer for Neptune Maritime Security (now the NeptuneP2P Group). In 2012, became piracy editor for SomaliaReport.com and in 2013 became editor of MarsecReview.com and intelligence consultant for CSO Alliance, which I left in 2019. I currently work with another UK maritime security firm as a consultant and have an interest in a cyber security concern in the UK. Need a maritime security report, article or advice on maritime cyber security? contact me at: marsecnews@gmail.com
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