Regulation now requires shipping agents to register

A regulation has been formed that requires shipping agents operating in the Maldives to register with the Maldives Transport Authority.

Only registered shipping agents can operate in the country under the regulation issued by the Transport Authority.

Shipping agents, from August 16 onwards, will not be able to operate I the Maldives without registering according to the Transport Authority. 

Direct or indirect payments from pre-agreement for freight services as well as for the release of consignee delivery loads shall not be charged under the regulation by the shipping agent or the freight forwarder. However, charges capped at MVR 500, can still be charged for delivery orders as administrative fees if a document for the shipping is to be altered.

The agent is also to assist in any damages faced by a second party as a result of negligence from the agent, in addition to assisting the security services in the prevention of environmental damage as well as dangerous incidents when operating ships in Maldivian waters.

Any violation of the regulations could be faced with a fine of MVR 10,000, with a note reminder against repeated offenses.