Vessel Operating Fees in Mumbai to Rise
(Journal of Commerce Online)
Cargo-related charges to rise 30%, while marine dues to increase 23%
Operating costs for vessels calling at India’s Port of Mumbai will go up substantially mid-December following a tariff increase decision by the Tariff Authority for Major Ports, the country’s port regulator.
The revised rate scale, effective Dec. 21 through March 31, 2014, calls for a 30% hike in cargo-related charges and a 23% in marine dues. Cargo-related charges cover stevedoring, wharfage and demurrage, while marine dues include berth hire and pilotage fees. Read more here.
Date: December 2, 2011