Following significant increases to Napier Port’s insurance costs, we have reviewed our Insurance Adjustment Factor (IAF) and will be implementing rate changes effective 1 September 2024.
As you are aware, insurance is a critical component of our business operations. Weather and seismic activities significantly impact insurance rates, and these natural events continue to influence the insurance market.
We understand that any cost increase can be challenging, and we are committed to doing everything in our control to minimise the impact of these adjustments. The IAF is designed to fluctuate in response to substantial changes in our insurance expenses, ensuring that we only pass on necessary costs.
The new Insurance Levy rates are as follows:
Container Terminal
TEU *
$ 17.20
FEU *
$ 34.40
Cruise
Passenger vessel up to 230m to 289.99m
$ 3,494.00
Passenger vessel up to 290m to 347.99m
$ 5,483.00
Passenger vessel up to 290m to 347.99m
$ 7,471.00
Passenger vessel over 348m LOA
POA
General Cargo
Per Tonne/JAS
$ 1.08
Rail and Port Pack
Per TEU travelling on Rail*
$ 2.10
Per FEU travelling on Rail*
$ 4.19
Per TEU packed or devanned at Port Pack
$ 2.10
Per FEU packed or devanned at Port Pack
$ 4.19
*Full containers only
If you have any questions or need further information, please contact our Commercial team via email: Commercialdepartment@napierport.co.nz or directly:
Dominic Sutherland – Senior Business Development Manager 021 026 82324
Henri Purvis – Business Development Manager 027 406 3601
We appreciate your support, and look forward to continuing to deliver for your business and our region.
At the United Nations summit meeting in September 2015, world leaders adopted 17 global goals (and 169 targets) as a set of universal goals that aim to address the urgent environmental, political and economic challenges facing our world. These are known as the United Nations Sustainable Development Goals (SDGs).
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