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PORTFOLIO

NCD & MARITIME AFFAIRS

 Chan Kah Chong

NCD & MARITIME AFFAIRS

SFFLA Non-Cheque Deposit (NCD) Scheme, lauded as the first of its kind in the world, has smoothen the operational flow between shipping lines, freight forwarders, and custom brokers.

SFFLA’s NCD Scheme eliminates shipping liner’s woes of unrecoverable container damages, detention and demurrage charges by acting as a guarantor on behalf of the freight forwarders and custom brokers.

Consequentially, SFFLA’s registered NCD members are not required to issue container deposit to shipping liners.

The Port Klang Authority (PKA) will chair a dispute resolution committee with the assistance of SFFLA, to resolve any unagreeable detention, demurrage and damage charges.