New Delhi, April 10 -- The Directorate General of Shipping (DG Shipping) has directed ports and terminal operators to immediately pass on concessions to exporters affected by stranded Gulf-bound cargo, and discontinue reimbursement-based mechanisms that delay relief.
In a circular dated April 8, the regulator noted that concessions such as detention charges, ground rent and reefer plug-in costs were not being uniformly transferred to exporters, despite being approved by port authorities.
Direct transfer of benefits mandated
DG Shipping observed that terminal operators typically charge Non-Vessel Operating Common Carriers (NVOCCs) upfront and later reimburse them, resulting in delays in passing benefits to exporters, reported The Econo...