PORT KLANG: The Federation of Malaysian Freight Forwarders wants the Federal Government to formulate regulations to prevent international shipping lines from crippling them with expensive deposits. The association’s vice-president Datuk Tony Chia said freight forwarders are currently required to put down a deposit of between RM1,000 and RM4,000 per container brought in by the shipping lines. He added that since the contractual parties were the carriers and the importers; the latter should pay the deposit to the shipping lines. According to him, the shipping lines first imposed the deposit in 2008 but had only requested RM100 to RM200 per container then. Chia said the shipping lines imposed the hefty deposits because Malaysia did not have any guidelines or regulations pertaining to the matter.

Source: The Star December 20, 2018 12:45 UTC