Saturday , December 7 2019
Breaking News
Home / Tag Archives: demurrage (page 2)

Tag Archives: demurrage

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

Customs issues notice to Maersk for cancellation of license; goods loaded may not reach Pakistan

KARACHI: Model Customs Collectorate of Preventive, Karachi has issued a notice to M/s Maersk Pakistan (Pvt) Ltd as it started the process to cancel license of the company for sheer violation of the Customs Act 1969 and SRO 1220(I)/2015. Maersk Line and its subsidiary M/s Maersk Pakistan (Pvt) Ltd kept on harassing and blackmailing importers to get additional demurrage and ... Read More »

Maersk, QICT causing panic, unrest among South Punjab importers: Khawaja Muhammad Usman

MULTAN: Business community of South Punjab has slammed exorbitant charges imposed by shipping lines Maersk in terms of demurrage on importers and asked the government to take special measures for protection of importers and the economy. Illegal demurrage charges charged by M/s Maersk shipping line and Qasim International Container Terminal (QICT) are causing severe unrest in the business community of South Punjab. ... Read More »

Rice exporters ask Karachi Port to cut charges

KARACHI: Rice Export Association of Pakistan Chairman Rafiq Salman has said that the Karachi Port Authority has been charging Rs 1500 per container as demurrage on rice consignments which is unfair as others were charging Rs 150 for the same work. Talking exclusively to Customs Today, he said that traders were moving their businesses to other countries as they are ... Read More »

Importers face losses due to mismanagement at ports

KARACHI: The traders and importers have expressed concerns over filing of Import General Manifest (IGMs) by Shipping Lines and Port authorities, as the importers were paying hefty amount in form of demurrage and detention to the shipping lines due to alleged inefficiency of the authorities concerned. The importers were of the view that the shipping lines were not filing proper ... Read More »

PICT assures FPCCI of tackling congestion at terminal

KARACHI: Pakistan International Container Terminal (PICT) Chief Executive Officer Zafar Iqbal Awan has assured the FPCCI delegation of taking all necessary measures to ease congestion at the terminal. The delegation, comprising FPCCI Standing Committee on Customs members and led by its Chairman Saqib Fayyaz Magoon, called on the PICT CEO here. Later, Mr Magoon informed that the FPCCI delegation held ... Read More »