The new fee for incoming shipments is $82.31 on 20-foot containers and $164.63 on 40-foot containers. There is also a new $10 customs processing fee, according to a report in The Daily Nation newspaper in Bridgetown.
Barbados Ports Inc., which operates the port, sent a letter to the Barbados Shipping Association explaining the new fees, which took effect July 9. The fees aim to help cover the costs of security improvements needed to meet the standards of the International Ship and Port Security (ISPS) code, the internationally recognized standard for port and vessel security.
The report quoted Glyne St Hill, president of the Shipping Association of Barbados, as explaining that because Barbados conducts most of its trade with the United States, the port needs to meet ISPS standards.
Although the fees are for inbound shipments, standards are critical for export shipments, as well. The U.S. Coast Guard will not allow inbound shipments from any Caribbean nation that is not meeting the ISPS code.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now