ICTSI backs SBMA’s accreditation fee holiday for logistics firms
Subic Bay International Terminal Corp. (SBITC), a unit of International Container Terminal Services Inc. (ICTSI), supports the Subic Bay Metropolitan Authority’s waiver of the $200 accreditation fee for new logistics firms that transact and do business at the Freeport.
The waiver of the accreditation fee, which will be effective from Oct. 18 to Dec. 31, applies for the first 80 new business entrants and the first 20 accredited entities due for renewal provided that these firms guarantee to bring in at least one container within one month from filing of application or renewal of SBMA’s accreditation certificate.
“We support and laud this SBMA initiative of waiving the Freeport’s accreditation fee. Not only will this foster brisk business in Subic, it will further position Subic as a key logistics hub in the country with new logistics firms expected to hold their offices and operations in the Freeport,” said SBITC general manager Robert R. Locsin.
“On our end, we assure SBMA and the Subic logistics firms—existing, new and upcoming—of ICTSI’s brand of world-class operations and services at the New Container Terminals (NCT) 1 and 2, including our new container freight station (CFS) facility. You have an international trading gateway that has access to global markets,” he adds.
SBMA issued the waiver to showcase and broaden industry awareness on the use of the Freeport’s container terminals, including the terminals’ increase in container traffic and port utilization. The move is also seen to support the Port of Manila by easing container flow and road traffic in and around Manila’s port areas.
The accreditation fee holiday is in line with efforts to encourage small and medium enterprises, including supply chain businesses, in the Freeport, and as SBMA’s contribution in the promotion of inclusive business.
In partnership with Cebu Sea Charterers, Inc., SBITC launched a container barge service connecting Subic to the ports of Cebu and Cagayan de Oro. The barge service is seen to revitalize inter-island trade, and to provide businesses in the Visayas and Mindanao an alternative gateway for international trade through Subic.