23 July 2004

Europe/Indian Ocean conference warns of "ISPS tax" surcharge

The following article is excerpted from “American Shipper” on 23 July 2004.

Conference Maritime de l'Ocean Indien, a small conference in the liner trade between Europe and the Indian Ocean islands, has warned shippers it will charge an "ISPS tax" following the implementation of the International Ship and Port Facility Security code of the International Maritime Organization on July 1.

The carrier group is believed to be the first to formally announce an ISPS surcharge, although the Far Eastern Freight Conference has already said it is considering such a charge….