FG moves to ratify Rotterdam rules on shipping

Minister of Transport, Mr. Rotimi Amaechi has restated Federal Government’s readiness to demonstrate improvement in foreign trade between Nigeria and other nations through the ratification of a new seamless carriage regime known as Rotterdam Rules.
Before now, there were  fears that the current regime governing international carriage of goods by sea; lacked  uniformity and fails to adequately take into consideration, door-to-door contracts and the use of electronic documents, e-documents, in the transportation sector.
This according to him,  prompted the federal government to adopt and move to ratify the new carriage regime developed by the United Nations, UN, for the international conveyance of goods wholly or partly by sea.
Speaking through the permanent secretary of the ministry of transport, Alhaji Sabiu Zakari, Amaechi disclosed this while delivering the key note address during the validation colloquium of the Rotterdam Rules held in Abuja recently.
The Minister noted that the ratification of the rules which has been passed by the UN will provide Nigeria with a renewed hope of operating a more unified, more balanced and modern carriage regime when engaged in international trade.
He noted that “The Rotterdam Rules is a more comprehensive, more perfect, more balanced, more modern and more enduring carriage of  has goods regime. “The drafters therefore took the pain to cover as much issues as possible which were left unregulated under the previous conventions, without losing sight of the need for acceptable compromises.
“The government wants to have a seamless trade rules and regulation, because what we have currently is a different and conflicting set of rules when trading with various countries. But we need a unified system.
“The ratification of the rules will demonstrate the federal government’s resolve at improving and ensuring that everything works smoothly when we engage in foreign trade. “it will also take care of our inland shippers and inland infrastructure like the dry ports, which is also covered by the Rotterdam Rules.