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Multimodal Transport Act criticised

Added At:  2010-05-26 10:00 PM

   Last Updated At: 2010-05-27 10:00 PM

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Himalayan News Service

KATHMANDU: The freight forwarders today said that the Multimodal Transportation Act and Regulation is not

practical.

Speaking during an intercation organised here today by the Nepal Intermodal Transport Development Board (NITDB) — in association with Department of Commerce (DoC) and Nepal Freight Forwarders Association (NEFFA) — to discuss on Multimodal Transportation Act and Regulation, they said that the forwarded liability is a key and the Act doesnot speak on that.

Multimodal Transportation is a transport-system operated using more than one mode of transport under control of one operator in two or more countries. Benefits of the model are faster transit, low paperwork, cast effective and one agency deal. The model also reduces formalities

in port and customs when

importing goods from third countries via India or

vice versa.

According to NITBD, cargo containers are delivered at ICD and empty containers are received at the same place. Banks should play

vital role in promotion

of trade through investing

in business against documents. The government is initiating the act and regulation to increase export as the model promote safer way for export goods.

Moreover, exporter or importer will have easy contact to agents as local agents are appointed under the model.

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