MPA to raise demurrage charges from 2015

An increase in demurrage charges for  containers, heavy machinery and vehicles from next year will contribute to smooth running of port services.—Photo: Aye Min Soe
An increase in demurrage charges for containers, heavy machinery and vehicles from next year will contribute to smooth running of port services.—Photo: Aye Min Soe

Yangon, 19 Nov— The Myanma Port Authority will increase demurrage charges for containers, heavy machinery and vehicles at terminals from 1 January, 2015, according to an announcement by the MPA.
The move is aimed at dealing with port congestion caused by late pickup of containers, machinery and vehicles at terminals, the announcement stated.
The owners of containers,  heavy machinery and vehicles, taking advantage of the currently low demurrage charges, at present do not pick up their goods in a timely manner, leading to a reduction in the storage capacity at terminals, the announcement said.
The MPA has granted waivers of demurrage fees to the owners when they pick up their containers within seven days  after arrival at a terminal and when  they pick up heavy machinery within  three days after arrival.
According to the announcement, owners of the containers will have to pay US$2 per day from  the 8th day to 60th day, and the daily  demurrage charge will be  increased to US$4 for  each container from the 61st day to  180th day, to US$6 from the 181th day  to  365th  day and  to  US$8 from the 366th day to 730th day.
Meanwhile, one cubic meter of heavy machinery and vehicles will cost K30 per day from the 3rd day to 14th day, K100 per day from the 15th day to 30th day, K200 per day from the 31st day to 60th day, K600 per day from the 61st day to 120th day, K900 per day from the 121st day to 180th day, K1,200 per day from the 181st  day to 365th day and K1,500 per day from the 366th day to 730th day. GNLM

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