Nigeria: Ship owners advocate new mode of sale of crude

04 January 2015, Lagos - The Nigerian Indigenous Ship Owners Association, NISA, has urged the Federal Government to change its transaction of crude oil from Free on Board, FOB, to Cost Insurance and Freight, CIF. The association’s President, Capt. Niyi Labinjo, told the News Agency of Nigeria, NAN, in Lagos that the CIF mode would […] More »