All Terminal operators have been directed by the Nigerian Ports Authority to suspend all applicable terminal storage fees on consignments (demurrage) for an initial period of twenty-one days effective March 23, 2020.
According to a statement signed by the Authority’s General Manager, Corporate and Strategic Communications, Adams Jatto, the gesture is in recognition of the pressure that the COVID-19 pandemic imposes on businesses and 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.
He noted that the NPA recognises the financial implications of these policies on the terminal operators and will consider a shift in her operational charges to ameliorate the situation of stakeholders.
. COVID-19: NPA Suspends Demurrage Charges Follow Concise News.