Increase in Scale of Rates for vessel related charges

27 Apr 2021 / Mormugao, India

The [Mormugao] Port Scale of Rates [SoR] is subjected to automatic annual indexation at 100% of the WPI to be annually announced. The next Annual Indexation will be from 1 May 2021, subject to MoPT achieving the performance standards notified along with the SoR.

MoPT has achieved the Performance Standards for vessel related services, Accordingly, indexation for is applicable for vessel related charges.

The Tariff Authority for Major Ports [TAMP] has notified the Annual Indexation of 0.55% applicable for the year 2021-22. The charges at Sr.No.1.0 Vessel Related Charges (excluding 1 1.1-Cruise Vessels) are to be indexed by 0.55% with effect from 1 May 2021.

(For information about operations in India, contact GAC India at [email protected])

Source: Mormugao Port Trust Finance Department Trade Notice No.: FA/COST/125/2021/II dated 26 April 2021

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.