The Philippine Ports Authority (PPA) has proposed revisions on their current rules on the commencement of the free storage period (FSP) and the start of the calculation of storage charges.
The proposal depicts shorter FSP for import cargoes, outbound-domestic cargoes, and cargoes entering any domestic port.
The existing five (5) day FSP rule for import cargoes starts after the last day that the last item of cargo is discharged from the vessel. While the proposal prescribes that FSP shall immediately commence on the actual day and time the import cargo is discharged from the ship.
Moreover, the current two (2) day FSP for the outbound-domestic cargo, which begins after the date of cargo entry, is proposed to start off immediately on the actual day and time the outbound domestic cargo is officially received at the port.
Continue reading Shorter free storage period proposed in PPA’s policy revision