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APM Terminal waives storage charges by 50%

Freedom Online by Freedom Online
October 21, 2013
in Business
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The APM Terminal has waived storage charges by 50 per cent for overtime containers at its terminal.

In a statement on Monday in Lagos, the Terminal Commercial Officer, Mr. Neil, said the aim was to complement the Federal Government’s plan to de-congest the ports.

“The measure is in bid to support government’s efforts to reduce clearance time and congestion at the seaports.

 

tincan_island_port_lagos

“With this, 724 overtime containers, sitting at the terminal, will enjoy the 50 per cent storage charge waiver,” the statement said. It urged importers and agents to clear their containers to avoid incurring high storage charges. “If cargo is released and delivered fast, then no storage penalty will apply.

“But on the other hand, if cargo is left in the port for many weeks or months, then high storage penalty will apply because the port is not for storage”  It said the terminal management had also introduced a free shuttle service from its gate to the new examination site.

According to the statement, work on the old physical examination site will begin soon.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.