Nouraei & M. Mostafavi Law Offices – August 21, 2024- Tehran-The Set of Foreign Exchange Regulations of the Central Bank of the Islamic Republic of Iran(CBI) has different sections. The second section is dedicated to the transportation of goods, insurance, and inspection.
CBI has announced in Circular No. 03/106799 dated 13/05/1403 (3 August 2024) that the second paragraph of the first part of the second section of the Set of Foreign Exchange Regulations (transportation, insurance, and inspection of imported goods) has been amended as follows:
E-Respecting the imported cargoes by foreign fleet provided that no bill of lading had been issued before the date of order registration, payment of DEMURRAGE CLAUSE for the goods, if requested by the importer, ……….shall be possible by order registration and registration of the related service.
Note: The Ports and Maritime Organization of the Ministry of Roads and Urban Development, after inquiring about the demurrage amount in light of the commercial practice from the competent authorities, such as the Shipping Company of the Islamic Republic of Iran, and considering the provisions of the transportation document and the sea charter contract, including A. The permitted unloading time – B. The importer’s obligation to pay the demurrage. C. The amount of the cost of ship delay specified in the contract, set and confirm the amount of the demurrage.
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