HFW Briefing: Nigeria bans 113 tankers

Insurance and Reinsurance, Legal — By on July 23, 2015 at 5:58 PM


Nigeria bans 113 tankers

On 15 July 2015, Nigeria’s state oil company, Nigerian National Petroleum Corporation issued a list of 113 tankers prohibited, with immediate effect, from “engaging in crude oil/gas…activities in any…terminals within…Nigerian territorial waters…”. The directive further provides that “the affected vessels have also been barred from movements within…Nigerian territorial waters”.

The reason for the prohibition is not explained in the directive but the directive is said to emanate from the President of Nigeria, Muhammadu Buhari. Earlier this year, the Nigerian authorities introduced a requirement that all tankers loading crude from Nigerian terminals complete an out-turn verification exercise at discharge ports. It is thought that the recent directive is linked to this initiative. However, the grounds for the ban have not been explained and it is quite unclear what rules or regulations the owners affected are meant to have breached.

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