Delay in payment from shippers cause misery in liquidity of agents: FFFAI Chairman

IATA CASS is not unique to India but is a worldwide payment gateway and no exclusive dispensation is available country wise. AV Vijaykumar, Chairman, Federation of Freight Forwarders Association in India (FFFAI), says, “I understand there was been some relief granted only in the form of deferment by a few days in our neighbouring countries. I wish Indian agents were also extended this deferment from IATA. Indian forwarders have been caught snapping as their payments from the shippers on the agreed timelines have not materialised. This has caused untold misery in the liquidity of the forwarders who also have to face the added strain of maintaining their establishment intact. There is a steep drop in business thereby impacting future revenue streams.”