FFFAI writes to govt against shipping lines imposing war risk surcharges

NEW DELHI: (Mar 18) Industry body FFFAI has sought government intervention to resolve issues being faced after shipping lines' decision to impose war risk surcharges on shipments in the wake of West Asia crisis.

Shipping lines have started levying war risk surcharges (WRS) on cargo moving to and from certain destinations, Federation of Freight Forwarders' Associations in India (FFFAI) said in a letter to the Ministry of Ports, Shipping and Waterways.

Seeking government intervention, the body said in several instances, the surcharge being demanded is nearly double the originally negotiated ocean freight, placing an unexpected and substantial financial burden on the trade.