Chittagong Port Authority waives store rent on containers released during holiday

Staff Correspondent | Published: 21:28, Apr 06,2020


The Chittagong Port Authority has waived the full store rent for containers that will be released during the general holiday announced by the government to contain the spread of the coronavirus pandemic.

The CPA, in a circular issued on Sunday, said that the waiver would be applicable for containers to be imported and released from the port during the holiday.

The CPA has also informed all trade and professional bodies involved with import activities about the benefit to encourage them to have their containers released.

The government has extended the holiday until April 14.

Chattogram port has a storage capacity of around 50,000 twenty‑foot equivalent units or TEUs.

Officials said that the decision came as the port had almost reached its maximum storage capacity with release of containers slowing down amid the shutdown and limited customs assessment done by the Chattogram Customs House.

The waiver will encourage the importers to receive delivery of their goods during the holiday, they said.

According to the existing rules, there is no storage rent for 20-foot loaded containers for four days.

The importers have to pay a storage rent ranging between $6 per day to $72 per day depending on the number of days the 20-foot and 40‑foot containers stay at the port yard.

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