COASTAL AND INLAND SHIPPING (CABOTAGE) ACT

Section 43: Funding

2003Section 43 of 55Federal Republic of Nigeria

There shall be paid into the Fund-
(a) a surcharge of 2 per centum of the contract sum performed by any vessel engaged in the coastal trade:
(b) a sum as shall from time to time be determined and approved by the National Assembly ;
(c) monies generated under this Act including the tariffs, fines and fees for licences and waivers ;
(d) such further sums accruable to the fund by way of interests paid on and repayment of the principal sums of any loan granted from the Fund.

Cite this section

Section 43, COASTAL AND INLAND SHIPPING (CABOTAGE) ACT (2003).

https://repo.podus.ai/laws/coastal-and-inland-shipping-cabotage-act/section/43/