USA: US Ports Demand $2 Million Demurrage from Textile Exporters
The US port authorities have claimed $2 million demurrage, to be paid by Pakistan textile exporters, before release of the export consignments of any company, except ‘‘Dean River’’ who have been released foreign exchange for clearance of the consignments paying $20,000 for each design, sources told Business Recorder…
Egytex News Desk
Egytex
But most of the exporters have not met the deadline and now SBP is issuing notices to them. "SBP should increase time limit for the exporters who are already facing high demurrage charges", they emphasised.
The exporters have been demanding of the government to either solve the problem through Foreign Office or High Commission. "We have written a letter to the Textile Ministry about the problem but nothing has been done so far", they said. "The commercial counsellor of Pakistan is also not providing any assistance", they remarked.
"We have talked to the port authorities to reduce demurrage charges, indicating that the importing company has become ‘‘defaulter or bankrupt’’ but they are still demanding payment of demurrage charges that have increased to $2 million.
Source: Business Recorder
From the Egytex news archive, first published on 14 May 2008. Figures and names are as reported at the time.
