Over 2,000 vehicles stranded at ports amid ongoing import dispute

Over 2,000 newly imported vehicles have been stuck at the Colombo and Hambantota ports for more than two months, creating major logistical issues for handling new shipments.

A ship carrying an additional batch of vehicles recently had to remain docked at Hambantota Port for several days due to the lack of available space caused by the backlog.

Customs sources revealed that over 1,000 of the vehicles are being held due to complications involving Japanese vehicle imports made through Letters of Credit (LCs) issued by third-party countries.

The issue, which first arose on May 27, has yet to be resolved, leading several importers to file legal cases against the government for failing to provide a clear policy direction.

Sources further stated that demurrage charges on the stranded vehicles have reached alarming levels, with some importers facing up to Rs. 500,000 in fees per vehicle.

The court is expected to hear the case regarding the import dispute today.

Vehicle importers warn that if demurrage costs continue to rise, these expenses will be added to the final import cost, potentially leading to a sharp increase in local vehicle prices once the imports are cleared.

  • All
  • Australia News
  • biobike.escasinos-online-seguros
  • biobike.esmejores-casinos-online-del-mundo
  • Business News
  • Business, Small Business
  • Business, Small Business
  • Casino
  • Entertainment News
  • Forex News
  • International News
  • Sport
  • Sports News
  • Sri Lanka News
  • www.kuss.cl
    •   Back
    • India News
Load More

End of Content.

latest NEWS

  • All
  • Australia News
  • biobike.escasinos-online-seguros
  • biobike.esmejores-casinos-online-del-mundo
  • Business News
  • Business, Small Business
  • Business, Small Business
  • Casino
  • Entertainment News
  • Forex News
  • International News
  • Sport
  • Sports News
  • Sri Lanka News
  • www.kuss.cl
    •   Back
    • India News