Indexation of charges

29 Apr 2020 / Cochin, India

The annual indexation factor @ 1.88% (subject to achievement of performance standards) will come into effect for the year 2020-21 from 1 May 2020.

The Cochin Port Trust has achieved the Cargo related standards as per the Performance Standards notified in the Official Gazette. Hence, Cochin Port Trust has decided to apply the indexation to the following charges covered in the SOR and escalate the rates by 1.88% with effect from 1 May 2020:

  • Chapter III – Cargo related charges
  • Chapter IV – Hire charges for port equipment
  • Chapter V – Container related charges
  • Chapter VI – CFS related charges
  • Chapter VII – Miscellaneous charges
    - 7.4 – Charges for removal of goods by the port in case importer/exporter fails to remove the goods.
    - 7.5 – Charges for use of de-ballast tanks, transfer/inter-transfer of POL products.

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

Source: Cochin Port Trust Trade Circular dated 27 April 2020

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