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NIMASA introduces Sea Protection Levy

By on October 1, 2012

NIMASA Sources Revenue through Sea Protection Levy
NIMASA – The Nigerian Maritime Administration and Safety Agency has initiated a new Sea Protection Levy for the Marine Environment, which targets different types of vessels coming to Nigerian seaports.

It was gathered from our sources that, the NIMASA Director General signed a letter to this effect since June this year.
We learnt from an anonymous source that, the following levies were imposed on foreign vessels: $ 1.25 per gross tonnage on vessels of 100-1000 gross tonnage, $ 1.00 per gross tonnage for ships of 1,001-10,000 gross tonnage, $ 0.75 per gross tonnage for ships of 10,001- 100,000 gross tonnage, and $ 0.50 per tonnage for vessels of 100,001 gross tonnage and above.

N500 per gross tonnage for ships of 100- 1000 gross tonnage, N350 per gross tonnage for vessels of 1,001- 10,000 gross tonnage, N300 per gross tonnage for vessels of 10,001- 100,000 gross tonnage and N250 per gross tonnage for ships from 100,00 I gross tonnage and above for Nigerian vessels.

“The rate of levy payable by an offshore installation and oil pipeline shall be (a) in ‘the case of an offshore oil installation that is producing. Processing, storing, or transferring oil, including buoys used for the loading and/or receiving of oil, NI5million, per annum,” according to our source.

“In the case of an offshore oil installation used or constructed for the purposes of exploring for oil, N10million for each oil well drilled by that installation, while in the case of an oil pipeline, N I, 500 per cubic metre of pipeline volume from the high water mark to the termination point offshore,” he continued.

A NIMASA official, who begged for secrecy, also said the new levy covers all commercially functional vessels of l00 gross tonnage and over in Nigerians waters as well as on oil fittings and pipelines.

The tax charged on ships is based on the “potential polluter pays” principle, he stated. In addition, that, the every vessel that have on board over 10 tonnes of oil in bulk as fuel or cargo and is more than 24 meters in length is affected by this levy, he concluded.