Transfer of Cargo Ownership
October 1, 2014
September 1, 2014
When ownership of cargo in storage is transferred from one party to another party, a new storage period will not begin until the storage period in effect expires. All accrued charges up to the time of filing of such transfer or to the end of said storage period will be for the account of the party in whose name the cargo was stored prior to the filing of the transfer order.
The Authority will assess charges stated in Rule 34-290 for such transfers, as well as the applicable handling charge, if cargo has to be handled to effect the transfer of ownership, both parties are required to inform the Authority in writing.