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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
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16 Jun 2020 / Gujarat, India
This has reference to the notifications related to the Schedule of Port Charges issued on 8 March 2019… …as per Point 14 of GENERAL TERMS & CONDITIONS, the SOPC rates shall be subject to escalation by the Wholesale Price Index (WPI) with effect from 1 April every financial year.
In this regard, the Reserve Bank of India has released the WPI data for the financial year 2019-20 on 26 April as per which the WPI for the financial year 2019-20 comes to 1.00%.
Accordingly, the rates are escalated/increased by 1.00% of the notified rates from 1 April 2020. The same percentage of increase is also applicable on Water Front Royalty (WFR) rate…
(For further details and information about operations in India, contact GAC India at [email protected])
Source: Extracts from Gujarat Maritime Board Office Order dated 15 June 2020