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Postal costs going up

Costs at the Island’s post offices will increase as of April 1, according to Minister of Economy Trade and Industry Patrice Minors.

Post Box rental fees, Express Mail Service fees and Customs Clearance and processing fees are all set to rise, while new fees will be put in place for redirecting overseas mail and holding mail at the post office.

Speaking on the fee increases, Ms Minors said: “The pro bono provision of postal services by Bermuda Post Office is no longer sustainable in the face of its spiralling annual deficit.

“The levying of fees on postal services has precedence in the standard practices of other postal administrations within the Universal Postal Union (UPU) of which Bermuda is a member country through the UK.

“The US Postal Service and the British Royal Mail are examples of UPU member countries that levy fees on postal services to cover their operating costs.”

The changes include:

lExpress Mail Service fees will be increase by 25 percent starting with the base charge increasing from of $25.00 to $31.25.

lPost box annual rental fee will increase from $65 to $85 for small boxes; $90 to $120 for medium boxes and from $260 to $300 annually. A late fee of $25 for large boxes. A $25 late fee will be applied on payment of all post box renewals that fall into arrears by 30 days or more.

lCustoms clearance and processing will be increased from $1.00 to $5.00 for all dutiable parcels received and processed through the Post Office.

la new fee of $10 per week or any period thereof will be charged for holding of mail for persons travelling at any post office.

land redirection of mail overseas due to change of address will incur a new administrative fee of $25 for the three month redirection period in addition to the standard overseas postage costs.

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Published March 24, 2012 at 8:51 am (Updated March 24, 2012 at 8:51 am)

Postal costs going up

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