Section 21: Registration of seafarer employers

(1) Application for registration as a seafarer employer shall be made in such form as may be prescribed by the Council from time to time and shall be accompanied by the following-
(a) certified true copy of certificate of incorporation;
(b) Memorandum and Articles of Association;
(c) a copy of the operating licence and safety certificate of the vessel;
(d) a copy of the operating licence and safety certificate of the vessel;
(e) evidence of protection and indemnity (P&I) cover on the vessel to be crewed.
(2) Any company seeking registration under this section shall in addition satisfy the Council that
(a) it has a minimum paid up share capital of at least N10,000,000.00; and
(b) it has adequate fire prevention, fighting and life saving appliances and equipment on the vessel to be crewed.
(3) An applicant who satisfied the requirements specified in subsections (1) and (2) of this section may be-
(a) registered as a seafarer employer on payment of a registration fee of not more
than N100,000.00;and
(b) issued with a registration certificate.
(4) The registration certificate issued under this section may be renewed annually on payment to the Council of the sum of not more than N50,000.00.
(5) A registered seafarer employer shall engage only registered seafarers in their vessels in accordance with the provisions of this Act.