Foreign trade specialist Marisol Mújica commented on the new OFAC License 30B, which authorizes transactions related to port and airport operations in Venezuela.

According to the specialist, this would result in a reduction of up to 25 % in freight rates. The instrument, which replaces the previous License 30A, “eliminates the concerns of shipping and airline lines that feared sanctions for their commercial activities in the country,” Mújica stated.

He emphasized that the logistics cost structure could see “a decrease of between 15 % and 25 % in freight prices for cargo of all sizes. The lack of intermediaries improves profit margins and the marketing of products in the country.”

This new license minimizes the fears of carriers and “allows shipping companies to quote rates without the stigma of sanctions.”

On the other hand, Mújica clarified that the package of recent licenses, “which includes authorizations 47, 47A, and 48 for the gas and oil sectors, opens the door to greater competition in the local market.”

M.Pino

Source: mundour

(Reference image source: Paul Teysen en Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada License 30B authorizes transactions for port and airport operations in Venezuela apareció primero en Bitfinance.