Port of Rotterdam Authority extends payment term for seaport dues
The coronavirus pandemic has resulted in extremely exceptional circumstances throughout the world, with production processes and logistical chains being severely disrupted. This unprecedented situation is affecting international trade hubs such as the port of Rotterdam.
To soften the impact of the pandemic on the economy, national governments, central banks and international authorities have introduced assistance measures. The Dutch government and the City of Rotterdam have also introduced measures to relieve the financial strain on businesses and self-employed entrepreneurs.
The Port of Rotterdam Authority, after intensive consultations with representative organisations Deltalinqs and the Association of Rotterdam Shipbrokers and Agents, wants to help its clients by supporting their cash position. With effect from Monday, 6 April 2020, the Port Authority is therefore extending the payment term for shipping companies, agents, shipbrokers and other clients who are required to pay seaport dues in the port of Rotterdam.
The payment term for seaport dues is being extended to thirty days. For clients who pay seaport dues using the direct debit system, this means that the payment term will be extended from 15 to 30 days. The payment term will be extended from 8 to 30 days for clients who do not use that system.
Although it is impossible to predict at this time when the situation will return to normal, this is a temporary assistance measure. With effect from 1 June, the Port of Rotterdam Authority will return to the original payment terms. The parties will continue to consult in order to monitor developments.