KUALA LUMPUR: The Ministry of Transport (MOT) is committed to resolving issues affecting the logistics industry in Malaysia that impede efficiency and trade flows.
Transport Minister Datuk Seri Dr Wee Ka Siong in a statement yesterday said he had issued a letter to all parties involved in import transactions by sea in Malaysia allowing them three alternatives to placing container deposits. It is either by the Non-Cheque Deposit (NCD) Scheme or Container Ledger Account (CLA) or iCargo+.
Container deposit is one of the major issues of dispute between shipping lines and shippers in the country and has been brought to the National Logistics Task Force (NLTF) chaired by the Transport Minister.
The relevant communication regarding the above will be made to importers, shipping lines, agents, Non-Vessel Operating Common Carriers (NVOCC) and forwarding agents. Pursuant to the discussions and decisions made by the NLTF, the Port Klang Authority has implemented the directives in Port Klang from February 2020. The alternatives have been well received by the domestic logistics industry players and are made available nationwide, he said.
On that account, he said it is of utmost importance that all shipping lines as well as NVOCCs come on board with the Ministry to implement these alternatives and put an end to the disputes. The MOT wishes to highlight that engagements and consultations with the logistics industry and assessment on the international shipping practices have been undertaken prior to the implementation of these three alternatives.
The implementation of these alternatives is the first step taken by MOT in ensuring fair practices to safeguard domestic logistics players, including taking into consideration the smaller companies’ need for quicker refunds of their deposits in order to aid their cash flow, he noted. Since its implementation in March 2020,73 out of 259 Shipping Lines/ NVOCCs have subscribed to the alternative solutions.
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