World trade growth to slow sharply in 2023 – WTO
World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023 as multiple shocks weigh on the global […]
Drilling Rig as a Vessel: Distinguishing the TRANSOCEAN Case Vis-a-Vis the SEADRILL Case
Drilling Rig as a Vessel: Distinguishing the TRANSOCEAN Case Vis-a-Vis the SEADRILL Case
The Court of Appeal in the recent Judgment of Transocean Support Services Nigeria Limited & 3 Ors v Nigerian Maritime Administration and Safety Agency & 1 Or: Appeal No:CA/L/ 503/2016, held that drilling rigs cannot be deemed to be vessels for the purpose of the Coastal and Inland Shipping (Cabotage) Act, 2003 and liable to the 2% surcharge as stipulated in the Cabotage Act.