NATTA organized an Interactive Discussion Program on various IATA Issues including the proposed Remittance Cycle on last Friday, the 08th August, 2014 in the auditorium Hall of Russian Centre of Science and Culture, Kamalpokhari from 2-4 p.m. Almost all the IATA Accredited members of NATTA attended the discussion program. President Mr. D.B. Limbu welcoming the audience informed that the purpose of this program is to give an opportunity to our members to interact directly with IATA and to put forth any problems or issues which requires attention. The President also informed that the program will discuss about the remittance cycle but at the same time emphasized that this program is not to make any decision on the same.
Mr. Amitabh Khosla, Country Director of IATA andMr. Vinod Malholtra, Branch Manager IATA N. India were invited on the dias. Mr.Amitabh Khosla made an hour-long deliberation on IATA’s current operational system and informed the audienceregarding the latest proposition of going into a changed remittancecycleciting the example of Sri Lanka and India where the current cycle is seven days with 15 days credit period. Bearing in mind the difficulties faced by Nepal market, IATA proposed 10 days remittance cycle wherein agents will have to pay 3 times in a month and with 20 days credit period. IATA agents veryenthusiastically raised many queries which were answered by IATA officials at the meeting.
NATTA will soon beorganizing a close session with the IATA agents to get their opinion of the remittance cycle to be proposed in theupcoming APJC meeting.