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News   >> News   >> Shipping News
SRI LANKA ABOLISION OF THC - Thursday,9 January, 2014

“THE GOVERNMENT OF SRI LANKA RULING ON IMMEDIATE ABOLISION OF TERMINAL HANDLING CHARGES AND SUPPLIMENTARY CHARGES

Dear Partners,

Kindly be advised that as per Gazette Notification Number 1842/16 issued by the President of Sri Lanka, His Excellancy, Mahinda Rajapaksha under the Licensing of Shipping Agents, Freight Forwarders, Non-Vessel Operating Common Carrier and Container Operators Act No. 10 of 1972, the collection of Charges other than that of freight rates in Sri Lanka has been abolished with immediate effect.

The relevant Gazette Notification is attached for your kind guidance.

In brief this would effect the following changes.

Shipping Line, Freight Forwarders or NVOC Operators cannot collect any local charges including the THC. Any or such charges has to be incorporated to the freight as all in component including incentives and be payable by the party liable to pay freight as per their contractual terms either C & F or FOB.

The Freight Forwarding Association along with the Ship Agents’ Association has appealed an initiative relief for enforcement of this change. We have been advised to advise all partners to take into account this new law to be implemented on or before 12th January 2014 loading from the respective origin ports.

Kindly be advised that all Freight Forwarders in Sri Lanka by law are required to follow this ruling and failure to do so will have legal prosecution including cancellation of Trading License.

We therefore kindly advise you to be guided by this official Government ruling and not be misguided by any party who may do so willfully or otherwise.

Please feel free to contact us anytime for any specific clarifications.

Yours in partnership

FPS Lanka

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