SAM told a press conference recently that the charges were part of the evolution of the pricing model, and a desperate attempt by carriers to mitigate their continued losses. Its chairman Ooi Lean Hin (pic) said this has been an established pricing model for some years, and SAM believed that importers and exporters would have included the charges into their free on board (FOB) and cost, insurance and freight (CIF) pricings.
PETALING JAYA: As the nation starts to recover from the aftermath of the coronavirus (Covid-19) pandemic and the movement control order, shipping lines and shippers are clashing over what seems to be inherent problems in the industry.
They are at loggerheads over issues involving billions of ringgit in the form of security deposits on containers and also on landside charges, which is now some 60% higher as compared to 2016 rates.
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