The Manufacturers Association of Israel (IMA) and the Ministry of Finance concluded an agreement concerning government participation in the costs of air lifting marine cargo during the four weeks long port workers strike.
The IMA also tabled demands that the government should fully compensate importers and exporters for strike surcharges applied by the shipping companies e.g. demurrage, congestion / detention and termination of voyage charges.
According to the agreement reached, the government will subsidize 65% of the difference between the more expensive air lift and the sea freight, for cargoes that were re-routed by air beginning on 15.07.2004 until 31.08.2004.
According to Mr. Moshe Nahum, head of the IMA foreign trade department, the government budgeted US$1.5M for the subsidy whereas the true cost to the industry until the middle of August was some US$ 5 m.
Mr. Zvi Plada, chairman of the IMA transport committee, told reporters that an ad-hoc committee was set up, consisting of representatives of all market sectors, to handle the distribution of the subsidy in accordance with the rules set up by the government.
Manufacturers Association: 5 million dollars required to subsidize air lift during ports strike
The Manufacturers Association of Israel (IMA) and the Ministry of Finance concluded an agreement concerning government participation in the costs of air lifting marine cargo during the four weeks long port workers strike
23.08.04 / 00:00
•
More articles that may interest you
In the First Half of 2004, GDP Increased at an Annual Rate of 4.1%
End to the long diputed origin status between Israel and the EEC
A delegation of indian businesswomen visited Federation of Israeli Chamber of Commerce
Exports to Latin America registered 8% growth in first half
700 smuggled cigarettes master cartons siezed by Customs
Fruit growers claim compensation due to closure of Karni terminal
More news from Air Transport Section
>An appointed committee recommends the opening up of ground handling cargo sector to competition/09.08.04
>EL-AL : new charges will be applied for cargo manifest transmission to the u.s. Customs/17.07.04
>EL-AL : introducing a new, state of the art, freight booking system/17.07.04
>Arkia – Weekly direct flight from Israel to Tibilisi (Georgia)/26.06.04
>History in the making – a second cargo terminal at Ben Gurion Airport/07.06.04
>Krief Group is named sole representative of China Air Express in Israel/06.06.04
>Maman Aviation – GSA for Arkia and Das Air Cargo/06.06.04
>El Al’s cargo boss resigns/30.05.04
>El Al registered $4.5M profit in first quarter/30.05.04
>“Turbo Cargo” is named as China Southern’s GSA to the Israel/31.03.04