Incorporated in July, 1999, Caverton Marine was established as a service company specializing in Tankers, Vessels, Boats, Barges and Allied Equipment. The company is approved by the Nigerian Department of Petroleum Resources to operate within the Nigerian Oil and Gas industry as a service company specializing in providing Marine/Special Transportation Services and engagement in the shipment of petroleum products.
The passage of The Cabotage Bill by the Nigerian Government in May 2004 has allowed indigenous companies like Caverton Marine to become key players in the industry as it restricts the operations of marine vessels and the transportation of Petroleum products in the region to Nigerian owned Vessels.
Caverton Marine continues to expand and improve the services it provides both within and beyond its core businesses. The company’s key objective is to obtain and maintain a chartering profile with emphasis on the long-term contract markets with operation in Nigeria.
Caverton Marine provides vessel charter services to the six Nigeria LNG LPG off-takers. The company is approved by Nigerian Department of Petroleum resources (DPR) and Nigerian Maritime and Safety Administration (NIMASA) to operate vessels in the coastal waters of Nigeria under the Cabotage act as well as import and export charter. This permit allows Caverton Marine to engage in the shipment of petroleum products. Since inception, Caverton Marine Limited has rendered services to the following organisations:
Caverton Marine’s core value of safety is founded on the premise that the health and physical welfare of the people involved in any given activity is of paramount importance. Protecting the environment and our clients’ assets are a natural part of delivering first class.
At the core of our safety philosophy is our Safety Management System, which complies with our obligations under the ISM Code and provides systems and procedures to ensure that hazards are identified, risks are mitigated and accidents prevented. Employees at every level of the organization are responsible for the prevention of job-related injuries and illnesses, property damage, and environmental accidents, through the use of their good judgment and the diligent and consistent application of company guidelines and procedures.
Caverton Marine will at all times do its utmost to minimize any conduct that may endanger or harm the environment. Preventing and minimizing the pollution of the marine environment is our primary objective. To achieve this, we strive to ensure environmentally sound practices from contractors and subcontractors and always maintain and encourage direct access to management in order to report any contravention of our policies.
In the interest of security, safety, and in compliance of Caverton Marine’s policy, and, in accordance with the conditions imposed upon the Company by any relevant laws, regulations and agreements with our customers, the Company will maintain programs that will ensure a safe working environment free of unnecessary hazards. Specifically:
- The manufacture, use, possession (including trace amounts in or on the person) concealment, transportation, promotion, distribution or sale of contraband on company premises (including vessels) or while in transit to, or from, company offices or vessels by all direct or contracted employees of Caverton Marine is strictly prohibited at all times.
- The use, possession, or consumption of alcohol, drugs or other mood altering substances by either Caverton Marine direct or contracted employees or any other persons either utilizing or entering onto Company premises (including vessels) is strictly prohibited.
- The personal possession of firearms, weapons, explosives and ammunition on Caverton Marine offices or vessels by either direct or contracted employees or any other persons either utilizing or entering onto Company premises (including vessels) is strictly prohibited.
It is the policy of Caverton Marine on behalf of itself and its subsidiaries, that each employee is individually responsible for maintaining acceptable standards of personal behavior in the business environment and for helping to ensure that all Caverton Marine employees, as well as anyone invited into Caverton Marine property, are able to carry out their assigned duties in a business atmosphere that is free from harassment or discrimination.
Caverton Marine prohibits not only unlawful harassment, but also unprofessional and discourteous actions. Accordingly, racial, ethnic, religious, age, sexual orientation, sexual or other inappropriate remarks, slurs or jokes will not be tolerated.
One of the primary objectives and concern of our management is to provide and maintain the safest working environment for everybody relating to Caverton Marine’s operations to minimise or eliminate the risk of accidents, injuries, and damage to properties or environment. Therefore, the Stop Work Policy issued by the Management states that all employees have the right not to continue work when there is an immediate threat which can endanger himself, others or cause adverse impact to the environment.
The Stop Work Policy has the fullest support of Caverton Marine Management and all employees are encouraged to report any unsafe acts, unsafe conditions, near misses as well as threats to people and the environment or to Company and its property.
In response to the prevailing imbalance in the Nigerian shipping industry and in pursuance of the success of Nigeria on maritime reforms, the Federal Government of Nigeria made a bold attempt to change the face of maritime business within its coasts when it enacted the Coastal and Inland Shipping (Cabotage) Act 2003,
In addition to the Cabotage law, in 2010 The Local Content Bill was been enshrined into Nigerian Law. The Act seeks to increase indigenous participation in the oil and gas industry by prescribing minimum thresholds for the use of local services and materials and to promote the employment of Nigerian staff in the industry.
It provides privileges for indigenous companies by making sure there is first consideration for the training and employment of Nigerians and it sets out the criteria to be used by the operator and the contractor in assessing how first consideration is to be given to Nigerians in the process of evaluating bids for goods and services required for projects. This act directly affects operating companies, contractors, sub contractors and service providers in the oil and gas industries. In addition, the Act also affects, professional services engagements including legal and financial services in the oil and gas sectors of Nigeria.
The act and Cabotage Law were designed to promote indigenous Nigerian investment in the countries oil and gas and transportation sectors of the Nigerian economy As an wholly Nigerian company Caverton stands to benefit from these laws and is pursuing an aggressive fleet expansion programme as well as crew training and development.
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