Shippers call for scrapping of cash deposits for containers as security
A vessels at the port of Mombasa. The Intergovernmental Standing Committee on Shipping is pushing for the elimination of cash deposits for containers. FILE PHOTO | NMG
Cash deposits charged by shipping lines as a guarantee for the return of cargo containers by importers could soon be scrapped.
The Intergovernmental Standing Committee on Shipping (Iscos) has stepped up the push for the elimination of cash deposits. Iscos Secretary General Daniel Kiange said it is a trade barrier at both the Mombasa and Dar es Salaam ports.
