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Chennai Port Trust (ChPT) is offering volume-based discount on wharfage charges to bulk edible oil importers/exporters for foreign vessel on a trial basis in the current financial year.
This is based on a recommendation from Boston Consulting Group, which said that edible oil handled at the port declined during the last five years from 2011. The consultants recommended that the ChPT reduce its charges to attract additional volume to the port, according to a source.
The discount in wharfage charges ranging from 15 to 25 per cent is based on volume of cargo over a threshold based on the total volume handled during the past three financial years.
The threshold level was taken as 80 per cent of the average cargo volume handled in the last three years with a minimum of 20,000 tonnes a year.
For the edible oil importers/exporters commencing handling operations in the port from the current financial year, the above discount slab will be applicable directly without threshold level provided a minimum of 10,000 tonnes per annum, sources said. While edible oil handling declined in the last three years, there has been a 16.7 per cent increase in handling of cargo in 2015-16 when the port handled 11.27 lakh tonnes the period April 2015 to February 2016 as against 9.66 lakh tonnes in the same period the previousyear.
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