NCE calls for all-inclusive freight framework to be upheld
Sri Lanka, Oct. 20 -- The National Chamber of Exporters of Sri Lanka (NCE) has called for the existing all-inclusive freight framework to be upheld, warning that the reintroduction of separate Terminal Handling Charges (THC) could increase shipping costs for exporters and importers, with the additional expenses eventually passed on to consumers.Book Hotels
A Terminal Handling Charge is a fee associated with handling a shipping container at a port, including moving it on and off a vessel. Under Sri Lanka's existing framework, these costs must be incorporated into a single all-inclusive freight rate agreed between the shipping line and the party contracting for the service. A separate THC charged over and above that agreed rate would reint...
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