CMA CGM provides protection for palm oil shipments to Africa

One of the leading shipping companies in the world, CMA CGM, said that it had initiated a new tailor-made cargo protection service for palm oil shipments from Indonesia and Malaysia to Africa.
The shipping line said the tailor-made protection service was an effort to respond to the needs of its customers for reliable and inclusive solutions.
According to the shipping line, the protection service would attract an automatic prepaid surcharge of 10 USD per container, starting from August 15, 2017.
CMA CGM has this to say: “In a continued effort to respond to the needs of its customers for reliable and inclusive solutions, CMA CGM is pleased to announce it is initiating a new tailor-made cargo protection service for palm oil shipments ex Indonesia and Malaysia.
“As of August 15th, 2017, all palm oil shipments ex both countries will be compensated up to USD 10,000 in the event of loss or damage of cargo during transportation.
“An automatic prepaid surcharge of USD 10 per container will therefore be implemented for all shipments of palm oil ex Indonesia and Malaysia as follows: from Indonesia and Malaysia ports to Africa, quantum: Prepaid surcharge of USD 10 per 20′ / USD 10 per 40.”
Nigeria is the major destination for oil palm shipments from Malaysia and Indonasia accounting for over 50 percents of the cargo.

Be the first to comment

Leave a Reply

Your email address will not be published.


*