Regional freight forwarders on Friday penned two vital agreements with foreign associations including one removing the longstanding burden where companies were compelled to pay a cash deposit fee of $2,000, per container, before leaving the port. This came after a Memorandum of Understanding was signed between the Federation of East African Freight Forwarders Associations (FEAFFA) and the Dubai based National Association of Freight and Logistics (NAFL). Fed Seka, Chairperson of FEAFFA who signed the deal with Alexis Perinet-Marquet, Director of Product and Business Development at Switzerland-based Viaservice SA, at the end of the third Global Logistics Convention held in Kigali told Sunday Times that it is a big relief to Rwandan and regional businesses. The longstanding issue of container guarantees charges at the port, Seka said, was impeding business as the amount charged per container was too much. Now that it has been removed, he said, the cost of doing business will also reduce. Seka said: “There will no longer be cash deposits on containers; there is an issue which has been there, called a container deposit guarantee of $2,000 paid to the shipping line before one lifts every single container from the port.” “That money would be refunded once one returned the shipping boxes but it was a lot of money hindering our business. Imagine if you had 20 containers how much you would leave at the port as a container guarantee. That would be way too much.” With the signing of the MoU, he explained, Viaservice ensures the...
Freight forwarders commend removal of cash deposit on containers
Posted on: September 2, 2019
Posted on: September 2, 2019