The relationship between the truck driver and the motor boy (driver’s assistant) has always been a frosty one. It’s instructive to note that some haulage firms elected to keep it that way or deliberately ‘engineer’ it to probably maintain a check on what they call ‘the excesses of the truck driver’ (well, that is the logic some of them have […]
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A Boost to Employment: Flying a Ruse! It was also stated that the new tariff will create employment almost immediately. Two employment generating windows were identified as possible spinoff of the new tariff regime. First, it is claimed that many multinational car manufacturers will, on account of the new tariff regime, be induced or practically fall over themselves to set […]
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A REVIEW OF THE NEW AUTOMOTIVE IMPORT TARIFF When the Minister of Trade and Industry stated that the new tariff regime will among other things “make imported cars more expensive thus, promoting the purchase of locally manufactured vehicles”, a number of issues readily come to mind. Some of the incontrovertible facts that flood the mind are adequately captured in the […]
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THE ECONOMICS OF IMPORT TARIFF One of the most important issues in a country’s economy is trading; therefore, tariffs are most often discussed when talking about imported goods. A tariff is simply a tax or duty placed on an imported good by a domestic government. Tariffs are usually levied as a percentage of the declared value of the good, similar […]
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On Wednesday 2nd of October 2013, the Federal Executive Council (FEC) in Abuja approved the Automotive Industry Development Plan for the development of the nation’s automotive industry. The Plan is intended to facilitate the emergence of a transformed automotive industry with enough capacity to attract investment, become a major driver of economic growth and diversification, create job, engender local value […]
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DELIVERY, DEMURRAGE AND FORCE MAJEURE Deliveries and penalties: Haulage contracts should be explicit about the service given such as how the goods are received, delivered or passed on to another freight system. In some cases, this section of the agreement will also cover curtailment and assessments needed to ensure the quality of the delivery. Following from these, it will also […]
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It can be a very exciting time when a haulage firm has just ‘landed’ a heavy contract with a major company or blue-chip. Such times could result in all caution being thrown to the wind with the haulage business owner having his eyes mainly set on the expected returns. This may not be too healthy! Haulage contracts could be the […]
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