THE NUMBER ONE CAUSE OF SHIP ARRESTS IN NIGERIA AND HOW TO AVOID IT

THE NUMBER ONE CAUSE OF SHIP ARRESTS IN NIGERIA AND HOW TO AVOID IT

  THE NUMBER ONE CAUSE OF SHIP ARRESTS IN NIGERIA AND HOW TO AVOID IT If we asked you to pick from a score of 1 to 10, what is the worst nightmare faced by Shipowners in Nigeria? Ship arrest would rank in the top tier. This is because it often clogs the wheels of every shipping business, most times resulting in huge loss of revenue, unnecessary expenses, or the loss of the ship itself. Several events may trigger the arrest of a vessel. In this piece, we attempt to share insights on one of them as well as a...

IS NIGERIA READY FOR THE USE OF ELECTRONIC BILLS OF LADING (eBLs)

IS NIGERIA READY FOR THE USE OF ELECTRONIC BILLS OF LADING (eBLs)

Last month, the Mediterranean Shipping Company (“MSC”) launched the use of Electronic Bills of Lading (“eBLs”) for its customers worldwide. The eBLs are designed to enable parties to endorse and exchange Bills of Lading electronically, without disruption to their business operations. MSC is hosting this initiative on the WAVE BL blockchain platform (‘the Platform’). The platform is a secure and fully decentralized distributed ledger network that facilitates the transfer and endorsement of Bills of Lading. This launch comes on the back of the endorsement of the WAVE BL platform by the International Group of P& I Clubs (the “Group”). The...

SHIPWRECKS- FEDERAL EXECUTIVE COUNCIL APPROVES THE REMOVAL OF WRECKS FROM NIGERIAN WATERWAYS

SHIPWRECKS- FEDERAL EXECUTIVE COUNCIL APPROVES THE REMOVAL OF WRECKS FROM NIGERIAN WATERWAYS

SHIPWRECKS- FEDERAL EXECUTIVE COUNCIL APPROVES THE REMOVAL OF WRECKS FROM NIGERIAN WATERWAYS On 9th April 2021, the Federal Executive Council of Nigeria approved the removal of shipwrecks and derelicts from Nigeria’s waterways. This was done in a bid to make Nigeria’s navigable waters safer for vessels and is expected to bring some relief to stakeholders in the shipping industry. For decades, abandoned shipwrecks have posed a great threat to Maritime activities in Nigeria because they impede the free movement of vessels and have in certain circumstances served as hideouts for criminals. This is not the first time shipwrecks have been...

RENEWABLE ENERGY  AND  NIGERIA’S POWER SECTOR

RENEWABLE ENERGY AND NIGERIA’S POWER SECTOR

            Foundation Chambers is a full-service law firm in Lagos committed to high ethical standards in the provision of legal services. The firm prides itself as one of the leading law firms in the areas of Maritime Law, Oil and Gas, International Trade, and other related areas. For further information on this bulletin, please contact Foundation Chambers at www.foundationchambers.com; or send us an email at info@foundationchambers.com or telephone: + 234-1-461-4073, + 234 903 601 9864.  

NIGERIA POLICE FORCE 2020 (ESTABLISHMENT) ACT, – A REVIEW

NIGERIA POLICE FORCE 2020 (ESTABLISHMENT) ACT, – A REVIEW

        Foundation Chambers is a full-service law firm in Lagos committed to high ethical standards in the provision of legal services. The firm prides itself as one of the leading law firms in the areas of Maritime Law, Oil and Gas, International Trade, and other related areas. For further information on this bulletin, please contact Foundation Chambers at www.foundationchambers.com; or send us an email at info@foundationchambers.com or telephone: + 234-1-461-4073, + 234 903 601 9864.  

Interview

Interview

  Foundation Chambers is a full-service law firm in Lagos committed to high ethical standards in the provision of legal services. The firm prides itself as one of the leading law firms in the areas of Maritime Law, Oil and Gas, International Trade, and other related areas.   For further information on this bulletin, please contact Foundation Chambers at www.foundationchambers.com; or send us an email at info@foundationchambers.com or telephone: + 234-1-461-4073, + 234 903 601 9864.