MAAN Seeks Vibrant Arbitration System in Shipping

 

The Maritime Arbitrators Association of Nigeria (MAAN) has said it wants a vibrant arbitration system so as to attract the desired investors in to the shipping sector of the economy.

According to MAAN, which has Dr. Omogbai Omo-Eboh as President, a vibrant national maritime arbitration system will attract quality investors to the maritime industry and fast-track its development.

Omo-Eboh said that the association adopted the strategy as arbitration offered desired solutions and confidentiality in maritime disputes.

He stated that maritime regulators and operators need a lot of enlightenment and advocacy to encourage people to tap into the arbitration dispute mechanism.
“There is still a lot of information dissemination we need to do to encourage people and to let them know that these are the things we do and how they can benefit from it in the maritime industry.

“So, towards that advocacy and enlightenment campaign, we usually organise an annual seminar called the ‘Practical Maritime Dispute Resolution’ Seminar. In addition to that, every year as well, we always organise a maritime arbitration workshop as part of objectives to enlighten the public and to demonstrate the practical aspect of how maritime arbitration works”, he said.