The Nigerian Ports Authority has directed all Terminal operators to suspend all applicable terminal storage fees on consignments (demurrage) for an initial period of twenty-one days effective March 23, 2020.
It said the gesture is in recognition of the pressure that the COVID-19 pandemic imposes on businesses, the responsibility imposed on the Authority to relief this burden on its customers as well as attaining the objective of the Federal Government’s Ease of Doing Business Policy at this trying period.
The NPA also said it recognises the financial implications of the policies on the terminal operators and would consider a shift in its operational charges to ameliorate the situation of stakeholders.
The NPA thanks all stakeholders for their cooperation.
