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Business Finance Info & Updates

Port & Cargo suspends collection of demurrage charges on cargoes

Port & Cargo Handling Compa­ny, a sub company of the SIFAX Group, has suspended the collec­tion of demurrage charges on all containers following the directive of the Nigerian Port Authority (NPA) that all terminal operators should suspend the collection of demurrage charges, as a means to ameliorate the impact of the COVID-19 pandemic on the econ­omy.

It would be recalled that clear­ing agents had accused the termi­nal operators and the shipping companies of flouting the waiver directive of the NPA.

Freight Forwarders and agents had threatened a legal action against any terminal operator still bent on collecting the demurrage charges.

The western zone of the As­sociation of Nigerian Licensed Customs Agents (ANLCA) had threatened to shut the port if the shipping companies and terminal operators failed to adhere to the NPA Directive.

The national executive of the association also threatened to go on legal battle if the terminal op­erators and shipping companies failed to suspend the charges.

Alhaji Mukaila Babatunde, National Secretary of ANLCA, confirmed that Port and Cargo Handling Company had started complying with the NPA directive, stating that the terminal operator is the first operator to comply with the directive as they’ve started indicating the suspension of the demurrage on invoice as at Thurs­day 16/04/2020

“Yes Port and Cargo has started indicating it on their invoice so the first compliance has started from Port and Cargo and I believe the others will join too.

“With the Nigerian Shippers Council also stating that they must suspend the demurrage charges, so I believe others should begin to comply,” the ANLCA scribe said.

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