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National Shipping Conference 27 28 August 2009 Abuja, Nigeria.

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National Shipping Conference 27 28 August 2009 Abuja, Nigeria.

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    2. Introduction Main areas: Exploration of Merchant Fleet and types of vessels in use. Exploration of Nigeria’s requirements / goals. Technical side of Ship Ownership.

    3. Merchant Fleet: What is it? A country can have 2 types of fleets: Naval fleet – War Ships. Merchant fleet – Cargo carrying ships. Vessels owned or registered in the country. The vessels which are used to transport the imports or exports of the country. The vessels which are used to carry cabotage cargo (coastal shipping).

    4. 2 distinct types of ships: Dry cargo E.g. Cement, Rice, Steel etc. General cargo ships Specialised ships. Container Ships. Liquid cargo Crude, Petroleum Products, Vegetable Oils etc.

    5. Dry Cargo Vessels General Cargo Ships: Can transport nearly any type of cargo in box shaped holds. Specialised Cargo Ships. Transportation of very heavy cargos: Iron Ore etc. Transportation of very light cargos: Saw Dust. Transportation of special cargo: Container Ships.

    6. General Cargo Ship: Capesize

    7. General Cargo Ship: Panamax

    8. General Cargo Ship: Handysize

    9. Airbus A380 Transporter

    10. Shore Crane Transporter

    11. Container Ship:

    12. Liquid – Tankers. Product / Chemical Tankers. Vegoil Tankers. LNG / LPG Tankers. Crude Tankers.

    13. Liquid – Tankers: Crude: ULCC

    14. Liquid – Tankers: Crude: VLCC

    15. Liquid – Tankers: Suezmax

    16. Liquid – Tankers: Aframax

    17. Liquid – Tankers: Panamax

    18. Liquid – Tankers: Product Tanker

    19. Liquid – Tankers: LNG

    20. Liquid – Tankers: LPG

    21. Fleet: Summary Very important to know which trade you are looking at. Important to have professional advice to ensure design is fit for purpose. Within each type of ship, there are many many variations depending on the trade and region.

    22. Explore Nigeria’s requirements. Why develop a national fleet? To carry imports or exports? To reduce dependency on foreign ship owners? To increase Nigeria’s presence on the world freight market? To trade on world freight market or to service Nigerian market? To increase Nigerian influence during negotiation of International Shipping Conventions. Liquid or Dry? Container Line? Trade routes. What type of vessels. Any special requirements. Transit to Hinterland.

    23. Explore Nigeria’s trade: Main Imports Oil: 154’300 bbl/day (2005 Machinery Chemicals Manufactured Goods – Containers. Food & Live Animals. Main Exports. Oil: 2.473 million bbl/day (2005) Natural Gas. Cocoa + Rubber – Minor.

    24. Maritime Nations: Historically certain nations have grown as Maritime Nations: UK Germany USA Japan China They have grown to support the imports and exports of the country. These countries have traditionally supported shipbuilding through subsidies.

    25. Ownership Structure Owned by Nigerian companies. Financing – assistance from state banks. Owned by Nigerian governmental institutions. Charter: Bareboat Time Charter Voyage Charter. NB – due to freight market, now is good time to buy.

    26. To buy new or used? New: High purchase costs. Modern design. Low maintenance costs. Good time to buy right now with markets at low level. Used: Cheaper. Tried and tested design. Higher maintenance costs. Must not buy many vessels of same age at same time. Could be on the same maintenance / dry dock cycle.

    27. Technical side of Ship Owning. Management. Crewing. Financing. Classification / Flag. Insurance. Port Facilities.

    28. Management. Would Nigeria intend to manage the vessels from Nigeria or contract with Ship Management companies? If management will be domestic, then need to ensure good solid pool of trained personnel. Could be a very useful new source of jobs for the increasing number of intelligent trained young Nigerians.

    29. Crewing. Would the crews be Nigerian? Does Nigeria currently have enough trained experienced crews for requirements? Could again provide an interesting new career path for Nigeria’s youth.

    30. Financing of new vessels. Foreign or Domestic. Domestic: Close to market. Historically not a huge amount of experience. Increasing knowledge every day. Foreign: Many years of experience. Mature markets. Not next to Owners. Could be difficult with today’s economic climate.

    31. Classification of Vessels. Nigerian Classification? Would it be worth pursuing? Or IACS or other. External Class. Known standard. Accepted already in most parts of world.

    32. Classification of Vessels - IACS IACS: International Association of Classification Societies Members ABS - American Bureau of Shipping BV - Bureau Veritas CCS - China Classification Society DNV - Det Norske Veritas GL - Germanischer Lloyd KR - Korean Register of Shipping LR - Lloyd's Register NK - (NKK) Nippon Kaiji Kyokai RINA - Registro Italiano Navale RS - Russian Maritime Register of Shipping Associates CRS - Croatian Register of Shipping IRS - Indian Register of Shipping

    33. Nigerian Flag? Costs – Would have to be transparent. Benefits. Incentives given to Owners who flag vessels in Nigeria. Flags of Convenience. How they could benefit Nigerian Owners. Maritime Nation Flags. More expensive.

    34. Insurance of Fleet. Hull & Machinery Insurance (H&M) Protection & Indemnity Insurance (P&I) War Risk Insurance – particularly for trade to or from Nigeria.

    35. Insurance of Fleet – H&M H&M = Hull & Machinery. Insurance taken by Owner of the vessel. Covers the actual physical vessel itself.

    36. Insurance of Fleet – P&I Protection: To protect (also defend) Owners against claims from 3rd parties. Indemnity: To cover Owners for costs paid in defending against claims. FDD: Freight Demurrage & Defence.

    37. Insurance of Fleet – P&I - FDD FDD: Freight Demurrage & Defence. This insurance provides cover for legal costs – and legal assistance – in relation to a wide range of disputes arising from the building, buying, selling, owning and operation of an entered vessel. Also includes defending and pursuing demurrage claims.

    38. Insurance of Fleet – War Risk. Additional Premium charged to Vessels Owner if cargo is being shipped from/to or through areas classed as war risk areas. Decided by Joint War Committee, London. Decided on a regular basis and published. Readily available from any reputable insurance broker.

    39. Hull War Risks.

    40. War Risk Areas Africa Djibouti Ivory Coast Nigeria + All offshore installations Somalia Somalia + Yemen Transits

    41. War Risk Areas South East Asia Ambon Balikpapan Jakarta North East Coast of Borneo Philippines Poso Sri Lanka Sumatera Thailand

    42. War Risk Areas These areas are for guidance only. For latest War Risk Areas please contact: Richard Watts shipping@hr-maritime.com Cap-Marine Paris www.cap-marine.com

    43. Port: Facilities In order to gain full benefit from fleet, the port facilities must be able to handle the vessels. Container – Requires large container handling terminals. LPG – Requires specialised terminals. Dry or Liquid – Requires terminals / berths that can handle the type / size / restrictions of the vessels. Vessels must comply with any vetting procedures in place.

    44. Coordination with other bodies. ARA – African Refinery Association. Held conference on Ship Vetting for African refineries. Very important to coordinate with them to ensure that any fleet expansion does not conflict with their aims. Possibly appoint a point of contact to keep informed. IMO regarding international regulations. Other regional bodies that could be affected / concerned.

    45. Summary As we have seen there are many opportunities and possibilities in developing an indigenous merchant fleet. The requirements must be clearly understood before embarking on any fleet expansion. The International Community would be pleased to support in any way, however all decisions do of course have to be taken locally by Nigerians as it is Nigeria’s maritime future that is at stake.

    46. Thank you for your time. Any questions?

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