Section 2: Composition of the Authority.

(1) The Authority shall consist of-
(a) a chairman and five other members with wide experience in shipping and commercial matters, to be appointed by the President, on the recommendation of the Minister;
(b) a representative of the Federal Ministry of Transport;
(c) a representative of the Federal Ministry of Finance;
(d) a representative of the Federal Ministry of Justice;
(e) a representative of the Federal Ministry of Commerce; and
(f) a representative of the Nigerian Navy.
(2) The provisions of the Schedule to this Act shall have effect with respect to the matters therein mentioned. (Schedule)