By Godfrey Bivbere
In its bid to assist Nigerian importers and exporters who had to legitimately abandon their cargo at the ports, the Nigerian Shippersâ€™ Council (NSC) has introduced a mechanism for claims recoveries and legal remedies.
Adamu Biu, who disclosed this at the launching of the corporate membership of the cargo defence fund (CDF) in Lagos, said that â€œcargo defence fund is an initiative set up to assist Nigerian importers and exporters in the pursuit of their claims recoveries and legal remediesâ€.
The NSC helmsman said that the CDF which is an initiative of Council, would go a long way in assisting Nigerian importers and exporters in the pursuit of their claims recoveries and legal remedies.
He pointed out that the CDF became operational in 2001 and its primary concern is to deal with problems associated with the abandonment of legitimate cargo claims by Nigerian importers and exporters.
Biu explained that the fund is being managed and administered by a board of trustees and representatives of major interest groups.
He lauded the efforts of the pioneer and the present trustees of the board noting that the board has been consistently and conscientiously addressing problems which daily caused nightmares to Nigerian importers and exporters. The contribution of these men and women of value has really impacted positively to the growth of the nationâ€™s economy.
This beautiful concept by NSC has proved to Nigerians that public/private collaboration can actually yield positive result where those upon whom the burden to serve has been entrusted worked with vision and sincerity of purpose.
He stated that the launch of corporate membership of the CDF has been a top priority to the board.â€œIt has been the intention of the board to introduce CDF to corporate shippers and also encourage practicing importers and exporters to subscribe to the fund in order to enjoy its benefits.
The efforts of CDF from inception till date will be discussed during the launch to expose you to the strategies employed by the board in the discharge of CDF mandate and actual complaints/cases handled and synergy with others to ensure success. We are here to launch the corporate membership of the CDF and unveil its new logo. We want to encourage you to subscribe to CDF so as to enjoy its benefit as a shipperâ€, Biu said.
Chairman of CDF, Captain Cosmas Niagwan in his remarks at the occasion saidÂ the launching was not only another step in the right direction but also an opportunity to interact with stakeholders in the shipping industry, expose them to the services of CDF and encourage them to subscribe to the fund in order to enjoy its benefits.
â€œThe cargo defence fund was established primarily for the purpose of assisting Nigerian shippers in solving the various problems they encounter in the shipment of cargo to and fro Nigeriaâ€, he said.
He pointed out that the fund is fully committed to the assistance of Nigerian shippers in the pursuit of legitimate claims, which have been abandoned for want of the processing funds to pursue such claims.
Captain Niagwan in his keynote address, stated that in view of the strategic value of the fund to the Nigerian shipping industry, he urged management of NSC to ensure the fund is properly utilised. He explained that CDF is a cargo protection and indemnity club for protection of the financial interest of Nigerian Shippers.
He added that the fund is also committed to the encouragement of the industry to extend cover to those extraneous risks not covered by insurance industry.
President, Manufacturers Association of Nigeria (MAN), Alhaji Bashir M. Borodo who was the chairman of the occasion commended the wisdom and vision in setting up the fund.