The Nigerian Shippers' Council (NSC) and the National Insurance Commission (NAICOM) are setting up a technical committee dedicated to marine insurance [4].
The initiative aims at reducing the costs of shipping and the risks arising from container demurrage* and detention in Nigeria.
The committee is expected to complete its work and submit its report within two months.
* Compensation by the shipper to the shipowner for any delays in loading and unloading.