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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