Govt grants 1 year extension to 40% discount of cargo movement between India and Iran
New Delhi, Oct 17 (KNN) Aiming to boost the trade through Shahid Beheshti Port of Chabahar, Iran, the Ministry of Shipping has extended the current concessional rate of 40% discount for coastal movement of cargo and vessel related charges, for a period of further one year to clients for cargo being handled at Jawaharlal Nehru Port and Deendayal Port from/to Shahid Beheshti Port, Chabahar, Iran.
The levy of concessional Vessel Related Charges (VRC) is to be applied proportionately, subject to vessel loading at least 50 TEUs or 5000 MT cargo to Shahid Beheshti Port.
The ports in coordination with Indian Ports Global Limited will jointly evolve a Standard Operating Procedure (SOP) to ensure that discounts are given to cargo actually discharged or loaded at Shahid Beheshti Terminal of Chabahar Port.
The objective of the extension of discount period is to promote the trade through Shahid Beheshti Port of Chabahar, Iran. It would give a boost to coastal movement of cargo being handled at Jawaharlal Nehru Port and Deendayal Port from/to Shahid Beheshti Port.
To improve the coastal Shipping and Inland Waterways Transport which is an environment friendly mode of transport, the Ministry of Shipping has introduced discount scheme of minimum 40%. It is offered by major ports on vessel and cargo related charges to vessels carrying coastal cargo.