An Appraisal of Demurrage Policies and Charges of Maritime Operators in Nigerian Seaport Terminals: the Shipping Industry and Economic Implications Procjena politika i trošarina pomorskih operatora na prekostojnice u nigerijskim morskim terminalima: implikacije na brodarstvo i ekonomiju Obed Ndikom Nwokedi, Theophilus C. Sodiq, Olusegun Buhari Department of Maritime Management Department of Maritime Management Department of Maritime Management Technology Technology Technology Federal University of Technology Federal University of Technology Federal University of Technology Owerri Owerri Owerri e-mail:
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[email protected] Kenneth Okeke Okechukwu Department of Maritime Management DOI 10.17818/NM/2017/3.3 Technology UDK 656.615:330.13 Federal University of Technology Review / Pregledni rad Owerri Paper accepted / Rukopis primljen: 27. 2. 2017. Summary This research evaluated the demurrage policies and charges of selected shipping KEY WORDS companies and terminal operators in the Lagos ports and the implications in the demurrage economy and shipping industry in Nigeria. It adopted the survey approach to gather policies data from the dominant container operators (carriers) and the terminal operators. maritime operators Demurrage duration and categorization of the demurrage periods and charges for each seaports period by the selected operators were collected and compared using the statistical tool shipping industry of analysis of variance to determine if there are differences among the charges and charging systems. It was found that, significant differences do not exist in the average rate of demurrage charges per container per day among the shipping companies and terminal operators in Lagos seaports. The study also found that there is no significant difference in the average amount charged as demurrage among the shipping companies and terminal operators in the three differing periods of demurrage duration in Lagos ports, Nigeria.