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HomeCustoms & TradeBOC disposed of nearly 600 overstaying cargoes in 1Q

BOC disposed of nearly 600 overstaying cargoes in 1Q

  • The Bureau of Customs got rid of 586 overstaying containers in the first quarter of 2021
  • Auctioned were 354 overstaying containers which generated P138.5 million for the BOC
  • 232 overstaying containers were condemned during the period

The Bureau of Customs (BOC) disposed of 586 overstaying containers in the first quarter of 2021, many sent to public auction and generating P138.5 million in revenues.

Of the total, 354 overstaying containers of rice, galvanized steel and other items were disposed of through public auction and earned P138.536 million, while 232 overstaying containers were condemned, BOC said in a statement.

Overstaying containers are either seized or abandoned. Cargoes overstaying for more than 30 days from date of discharge and not withdrawn within the specified period of time will be tagged abandoned. Once abandonment is decreed final, BOC will determine the proper disposition of cargoes.

BOC said the disposition is “aimed at efficiently facilitating trade by eliminating port and yard congestion, thereby ensuring smooth flow of business within the agency.”

READ: BOC collects P1B from auctions in 2020

In 2020 the agency disposed of a total of 3,514 overstaying containers and collected P1.1 billion in revenues from auction proceeds.

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