China's New Provisions on Port Charges
changes are scheduled to come into effect from March 1st 2016, with its period of validity being 5years.
The ‘Provision’ stipulated items for port charges, as well as methods and standards of port
charging. It reduced the number of port operational service charging items from 45 to 18;
changed 6 previous government pricing items to government referential pricing; specified that
port operation lump sums, stockpiling management fees, storage royalties and other charges will be up to market pricing; provided that 35 port handling charges are bucketed into a lump sum;and regulated that lump sums of international passenger transport will be paid directly by
carriers, instead of passengers.
It is estimated that the ‘Provision’ will save RMB 1 billion (USD 153 million) for shippers, importers and exporters each year.