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MANILA -The government is being urged to regulate the container deposit system of international shipping lines, with stakeholders noting these private companies take time to return the collected fees. ; Danny Sta. Maria, an independent customs broker and an industry veteran of 50 years, urged lawmakers to craft laws regulating the practice and compel these companies to speed up the refund process. ; International shipping lines collect these as insurance for lost or damaged containers. Deposits range from P15,000 to P20,000 per unit, depending on the size. ; “In my case, my deposits have been stagnant on their hands for four staggering months,” Sta. Maria said, noting this messes up their cash flows.
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