Dear Members

From February 2011, importers and exporters will see a net reduction in the cost of goods moving through the port.

While TLUCs will increase by AED90 a box, THCs are reducing by AED100 a box, and importers and exporters will both see solid net savings. For importers that amounts to a reduction of AED330 per 20 foot container and a reduction of AED650 per 40 footer for containers cleared within 14 days of discharge, which is almost a third less than today. Exporters will see savings of around AED100 per 20 footer and AED190 per 40 footer, a cost reduction of around 15%.

In addition, free storage for general cargo will double to 20 days and storage fees for longer than 20 days will reduce by 75%.

These are welcome moves on top of the port’s recent initiatives to improve efficiency through e-services and gate automation, and will help stimulate trade, and Dubai’s economy.