If you are an import, this story should delight you.

So, the Nigerian Ports Authority, NPA has announced an increase in the rent-free period for cargoes housed in the seaport terminals.

According to the statement by the agency on Tuesday, the rent-free days have increased from the current period of three free days before the commencement of rent charges to 21 free days before the commencement of rent charges for a period of four months.

NPA explained that the measure was aimed at reducing the financial burden on importers caused by the congestion and gridlock at the Apapa and Tin Can Island ports.

Also Read: Finally, New Technology To Tackle Apapa Gridlock Unveiled

“With effect from Tuesday, December 18, there will be an increase in rent-free period for cargoes housed in the terminals from the current period of three free days before the commencement of rent charges to 21 free days before the commencement of rent charges for a period of four months.

“With effect from Tuesday, December 18, there will be an increase in the demurrage free period on the return of empty containers from the current five days period to 15 days for a period of four months.

“Shipping companies should immediately deploy sweeper vessels to evacuate empty containers from the port to clear the backlog of empty containers littering the country within four months. The Authority encourages the use of Onne Ports for such sweeper vessels,” the statement said.

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