February 05 2019
APM Terminals Liberia Implements New Tariff
APM Terminals Liberia has increased its terminal handling charge by 10% effective 1st of February 2019 which is in line with the concession agreement signed between APM Terminals and the Government of Liberia in September 2010. The concession agreement allows for a yearly increase in tariff. The 10% increase means shippers will now pay USD185 as against the USD167 in 2018 as handling charge for a twentyfoot container (one TEU).
APM Terminals have also decided to lighten the burden on shippers and has deferred its plans to reduce the number of storage free days from 5 to 3 days even though the reduction in storage free days should have been implemented in August 2014, in line with the concession agreement signed with the government.
The total transport and logistics cost of a shipment includes payments for ocean freight, custom duties, National Port Authority access fees and royalty, BIVAC inspection fees, customer brokers fees, container handling/freight forwarding agent fees and trucking from the port to the warehouse. The terminal storage and handling cost usually accrue to APM Terminals Liberia, amounts to 0.5% of the total transport and logistics cost incurred by the shipper and with the tariff increase, now amounts to 0.55%.
“It has become inevitable to increase our tariff to meet the demands of effective port operations and ever increasing cost of operations To help lessen the plight of our valued customers, we will be deferring reduction in storage free days again even though our concession agreement allows for the storage free days adjustments”, said the Managing Director, Mr. George Adjei, who noted APM Terminals is committed to enabling trade in Liberia and has invested USD125 million on equipment, technology, civil works and modernization of the port.
APM Terminals Liberia employs over 250 people, and indirectly employs a further 700 people virtually all of whom are Liberians.