IPNews-Monrovia,Liberia-11 August 2018: The Management of the National Port Authority has announced the receipt of One Million, One Hundred, Twenty Five Thousand United States Dollars in arrears from APM Terminals for Operating the Marine Services at the Freeport of Monrovia for a two year.

The NPA Management said the payment of the amount follows series of engagements by current Acting Managing Director , Celia Cuffy– Brown.

The payment of the amount by AMP Terminals is in contravention of the usage of the marine services at the NPA facility beyond the terms and condition contained in the 2010 concession agreement between the Liberian government and APM Terminals.

The release also noted that a Check bearing the amount was delivered to the NPA Management on Friday, August 10, consistent with the May 25, 2018 memorandum reached between the management of the National Port Authority and APM Terminals.

It may be recalled the memorandum was consummated following series of engagements by the NPA Management for APM Terminals to remit all revenues collected for operating the Marine Services during the expired tenure contained in the concession.

Chapter 7.6 ❨d❩ of the 2010 concession agreement between the Liberian government and APM Terminals allows the Cargo handing Company to operate the Marines Services at the Freeport for five years only prompting the Management of the NPA to push harder for the two years settlement following series of unsuccessful attempts by past managements at the NPA to have the APM Terminals make payment.

As part of the usage of the marine services at the NPA,  APM Terminals is also expected to pay 15% in royalty on total annual revenue from the Marine Operation before expenditure and taxes to the National Port Authority plus the additional 50% of the remaining profit.

Additionally, AMP Terminals will also provide five years training opportunity for NPA Staff and make payment of an additional 37.5 % from annual gross revenue through the Weigh bridge operation among others in keeping with the May 25, 2018 Memorandum of Understanding.

Meanwhile, Acting Managing Director, NPA, Celia Cuffy– Brown,have welcome the move by APM Terminals in settling debates to the National Port Authority.

According to the release, Madam Cuffy-Brown, is enthusiastic about greater prospects for the Sea Port Industry of Liberia , a “Gate Way to the Country’s Economy” as she and her current Management team at Port remains committed and supportive to enhancing the ‘Pro poor agenda for Prosperity and Development (PAPD)’of the government of Liberia under the distinguished leadership of President  George M. Weah. The release concludes.