KSA – Coordination to issue contracts for importers
Saturday, 04 14 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
Mr. Khaled Al Araj, Director of Customs Control Department at Saudi Customs revealed to “Al Eqtisadiah” newspaper that he is coordinating with the Saudi Arabian Monetary Authority and insurance companies in order to issue insurance contracts for importers.
Moreover, Mr. Al Araj said at the margins of a workshop on customs transactions at the chamber of commerce and industry in Jeddah that the insurance contracts will cover transit related costs, which can have taxes and fees that are very high.
Source: Al Eqtisadiah