Subic port okays longer storage perk
The Subic Bay Metropolitan Authority has extended the free storage period for port users from 10 to 15 days starting later this month in a bid to make the Freeport more competitive and attractive to investors.
Ferdinand Hernandez, SBMA deputy administrator for port operations, said the additional five days would give port users more time to process their cargo at less cost, and make Subic Bay a more business-friendly international port.
“The board immediately saw the potential impact of this measure, which dovetails with the SBMA policy of granting incentives to businesses and with the SBMA vision of developing Subic as a premier maritime hub,” Hernandez added.
He said a board resolution approving the extension would take effect 10 days after the approval.
SBMA Seaport Department manager Perfecto Pascual said providing a longer free storage period was expected to be a significant factor in attracting clients to the Subic port.
Prior to this, the SBMA only allowed a free storage period of 10 days. When a shipment overstays on the site, the port user is charged a retroactive payment for the elapsed 10 days, as well as for the period of extension.
“More often than not, port users exceeded the 10-day free storage time because of some delays in the processing of documents, particularly at the Bureau of Customs office,” Pascual said. Elaine Ruzul S. Ramos - Manila Standard Today
Ferdinand Hernandez, SBMA deputy administrator for port operations, said the additional five days would give port users more time to process their cargo at less cost, and make Subic Bay a more business-friendly international port.
“The board immediately saw the potential impact of this measure, which dovetails with the SBMA policy of granting incentives to businesses and with the SBMA vision of developing Subic as a premier maritime hub,” Hernandez added.
He said a board resolution approving the extension would take effect 10 days after the approval.
SBMA Seaport Department manager Perfecto Pascual said providing a longer free storage period was expected to be a significant factor in attracting clients to the Subic port.
Prior to this, the SBMA only allowed a free storage period of 10 days. When a shipment overstays on the site, the port user is charged a retroactive payment for the elapsed 10 days, as well as for the period of extension.
“More often than not, port users exceeded the 10-day free storage time because of some delays in the processing of documents, particularly at the Bureau of Customs office,” Pascual said. Elaine Ruzul S. Ramos - Manila Standard Today
Labels: sbma, storage, subic, subic port
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