RIYADH : The Saudi Ports Authority, also known as Mawani, has announced a new set of regulations governing the activities of shipping agents in the Kingdom’s maritime sector, according to a press release.
The regulations, in accordance with the Commercial Maritime Law, will replace all previous versions of the law, and will come into effect from Aug. 5. The new regulations also include key performance indicators that will assess shipping agents. According to the press release, the regulations will also regulate the contractual relationship between the shipping agent and other concerned parties.
Mawani also announced the new licenses and permit regulations for commercial activities that fall under the authority’s domain. These new rules will also come into effect on Aug. 5.
The new guidelines will set general rules that govern the requirements and procedures for obtaining licenses and permits from Mawani to carry out operations and provide services in the Kingdom.