Associations need to work together to ensure liquidity: Yashpal Sharma, ACFI

Commenting on the cargo stakeholders’ decision of handling shipments only against 100 per cent advance payments by their clients, at CargoTalk’s second digital conclave, Yashpal Sharma, Hon. Secretary, Air Cargo Forum India (ACFI), says, “There are lot of cash and carry requirements and lot of stakeholders currently are in a big cash constraints as well as there is huge credit default risk in the market which is what we as an association would also need to work together with all stakeholders to ensure liquidity, less default risk in the market and least amount of blockage of funds from the shipper, consignee, etc.”
“What is important is to make sure the circulation keep going. Diverting it from associations’ perspective to freight forwarders’ perspective, Sharma suggests, “We are prompting everybody to pay at least the current transactions now and also add something for the previous dues they have with us. Ultimately, we also have to help those businesses to run, we cannot ask them to pay 100 per cent,” he continues.