Ahmed Mukhtar Naqshbandi
KARACHI: As a significant relief for importers, the government has waved demurrage charges on all containers docked at ports in Karachi.
In a presser, Federal Minister for Maritime Affairs Faisal Ali Subzwari said that the decision would be notified by evening. Demurrage charges are fees imposed on a shipper or a charterer for exceeding the allowed time to load or unload cargo at a port or terminal.
Port charges
These charges are typically assessed on a per-day basis. They are intended to compensate the terminal operator or shipowner for any delays or additional costs they may incur as a result of the extended stay of the vessel.
The minister said that all stuck containers would be shifted, adding that even the countries in which defaulter did not shut down their shipping line. Subzwari said the containers were stuck due to the non-opening of the letter of credit (LC).
