On Importers:
1.Goods which have to be despatched through air could result in delayed shipment
e.g.Kenyan flower and vegetable producers are unable to export to Europe. In Italy, fresh-made Mozzarella cheese, highly perishable, can’t be shipped. FedEx, DHL and other shippers are grounded throughout much of Europe.
2.If goods have been despatched by any other mode than air, then documents will be delayed hence getting of goods will be delayed
3.Importers can incur high demurrage costs due to documents not reaching on time
4.Importers should explore the option of arranging for a delivery order with their bankers where possible.
On Exporters
1.Even if the goods have been despatched by any other modes than air then payment will delayed as documents are sent by air unless the LC has been confirmed and the documents have been negotiated and credit compliant
2.Warehousing cost can increase to the exporter
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