Over 500 International Air Transport Association (IATA) authorized agents in India are in a fix over the payment of air cargo handling charges to global airlines routed through IATA’s payment platform. While agents want an extension of the remittance deadline amid the lockdown, IATA has given a grace period of just nine days, asking that the deposits be made by April 9. This is a rather tall order, say agents.
Nearly $2 billion annually is routed through the IATA’s Cargo Account Settlement System (CASS), which facilitates the billing and settling of accounts between airlines and freight forwarders through CASSlink, a web-enabled solution.
This story is from the April 04, 2020 edition of The Hindu Business Line.
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This story is from the April 04, 2020 edition of The Hindu Business Line.
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