Available Maritime Business Licenses in Nigeria

Available Maritime Business Licenses in Nigeria

International Maritime Trade is as old as the development of human societies by virtue of being the economic lifeblood of any group of people through the conveyance of goods between buyers and sellers across great distances.

In modern commercial activities, the importance of the right regulatory framework cannot be over-emphasized, with different value offerings in the maritime Business sector dependent on some form of regulation, in the case of Nigeria , the Nigerian Ports Authority (NPA) and to a lesser extent, the Nigerian Customs Service (NCS).

This article will be focused on the various available Business licenses and permits in the Nigerian Maritime Sector and their requirements which are as follows :-

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Clearing & Forwarding Agent licenses

A clearing agent is a licensed service provider that ensures documents are arranged and transferred to the relevant regulatory authorities (usually the Nigerian Customs Service) calculates appropriate Customs duties, and ensures that unnecessary delays are eliminated in order to avoid demurrage charges.

A forwarding agent or freight forwarder on the other hand is a licensed service provider that ensures that freight/trade cargo is delivered on behalf of a client/customer to a prescribed destination in good condition.

The requirements for clearing and forwarding agency licensing are :-

  • A letter of application to the General Manager, Eastern or Western Ports, Nigerian Ports Authority.
  • A Certificate of Incorporation from the Corporate Affairs Commission (CAC) and a MEMART (Memorandum & Articles of Association).
  • A Bank Reference.
  • A 3-Year Tax Clearance Certificate (TCC).
  • Evidence of registration with the Council for the regulation of freight forwarding in Nigeria.
  • A registration fee of 200 Thousand Naira to the NPA.

Shipping Company/Agency Licenses

Some opinions define a shipping company or agency is an entity that handles the transactions of a ship in every port that the ship visits or docks as well handling shipment, cargo & general interests of its customers on behalf of ship owners, managers and charterers.

The requirements for licensing as a shipping company/agency in Nigeria are :-

  • A letter of Application to the General Manager, Eastern & Western Ports, Nigerian Ports Authority.
  • A Certificate of Incorporation from the Corporate Affairs Commission (CAC) & MEMART (Memorandum/Articles of Association).
  • A Bank Reference.
  • A 3- year Tax Clearance Certificate (TCC).
  • A Registration fee of 200 Thousand Naira.

Service Boat Operator Licenses

The requirements for this license category are :-

  • A letter of application to the General Manager, Eastern or Western Ports, Nigerian Ports Authority.
  • CAC Registration Documents (Certificate of Incorporation & MEMART).
  • A copy of a shipping company registration certificate issued by the NPA.
  • A 3-year Tax Clearance Certificate (TCC).
  • Payment of a registration fee of 200 Thousand Naira.

Shipping Chandler Licenses

A chandler is a retail dealer who specializes in providing supplies or equipment for ships.

The requirements for a chandler license are :- 

  • A letter of application to the General Manager, Eastern or Western Ports, Nigerian Ports Authority.
  • A Certificate of Incorporation and MEMART (Memorandum/Articles of Association).
  • A 3-year Tax Clearance Certificate (TCC).
  • Approval from the Nigerian Customs Service as evidenced through an executed Form C1.

Bonded Terminal licensing

A bonded terminal is a warehouse or storage area approved by the relevant authorities for the temporary storage of imported goods.

The requirements for bonded terminal licensing are :-

  • A letter of application to the General Manager, Eastern or Western Ports, Nigerian Ports Authority.
  • A Certificate of Incorporation and MEMART (Memorandum Articles of Association).
  • A 3-year Tax Clearance Certificate (TCC).
  • A Tax Identification Number
  • Proof of an Insurance cover.

Licensing from the Nigerian Ports Authority is usually processed within 6 weeks and is valid for a year until renewal.

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