Economy, Domestic Economy

New Procedure for Paying Terminal Handling Charges

New Procedure for Paying Terminal Handling ChargesNew Procedure for Paying Terminal Handling Charges

As of June 22, container owners should refer to the Ports and Maritime Organization of Iran to pay terminal handling charges, chairman of the Transportation and Logistics Federation of Iran said.

Masoud Polmeh was also quoted as saying by Mehr News Agency that international container shipping companies have until now received THCs from owners of containers and withhold them for 25 days before paying to PMO.

“Although shipping lines make no profit in carrying out this procedure, they have to pay Iran National Tax Administration and the Social Security Organization. The whole thing increases the terminal handling charges of Iranian ports,” he added.

THCs are additional costs, on top of the sea freight, normally charged by shipping companies for the handling of containers at the container terminal before being loaded onboard a vessel.

Referring to the point that terminal handling charges vary from port to port in each country depending on the total cost of port terminal handling at each location, the official said THCs are higher in Iranian ports than those of regional ports such as the Emirati port of Jebel Ali.

“As per the agreement reached on Thursday between the Shipping Association of Iran and PMO, the go-between role played by shipping lines in this respect will be eliminated and the owners of goods and containers have to pay PMO the charges directly and in local currency [rial],” he concluded.

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