50 per cent of demurrage charges waived on imported air cargo

"The waiver is for utilising storage facility at cargo terminals for storage of import cargo, goods, unaccompanied baggage, stores, courier bags, express parcels, postal mail for extended period"

With importers facing difficulty in clearing cargo from airports across the country due to the lockdown, the Ministry of Civil Aviation (MoCA) has waived 50 per cent of the demurrage charges payable to the airport cargo terminal operator till the end of the lockdown.

However, trade members are unhappy, and want 100 per cent waiver as announced by the Shipping ministry for imports through the ports.

Half of the demurrage charges will be waived if the goods are cleared and removed from the airport by 23:59 hours on April 16, said an order issued by Dinesh Kumar, Deputy Director (ER), MoCA.


The waiver of demurrage charges payable is for utilising storage facility at cargo terminals for storage of import cargo, goods, unaccompanied baggage, stores, courier bags, express parcels, postal mail for extended period beyond the stipulated free storage period for clearance or removal from the airport.

Comments

Post a Comment

Popular posts from this blog

GE, Rolls Royce, Pratt & Whitney : Who Rules the Engine Market?

When it comes to engines, much like plane manufacturers, there are a few players leading the market. GE, Rolls Royce, and Pratt & Whitney are likely the names you hear the most when looking at the industry (or looking out the window). But which of these three giants is the leader? And what planes do they power? Essential parts The engine is an essential part of the aircraft, providing the power and thrust required to operate an aircraft and keep it in the air. Engines also determine  aircraft efficiency , a key factor in reducing emissions and fuel burn. When purchasing planes, airlines are faced with the option of which engines to put on their planes. Safety isn’t usually an issue with most engines, although  a few  have seen  recurring issues , which means airlines usually make the decision on price alone. So, what choices do airlines have for engines? That depends on your plane and aircraft type. Take the A380 for instance. When purchasing the aircraft, airlin...
Read more

COVID-19 impact: Indian aviation sector may lose $4 billion in FY21, says CAPA India

The Indian aviation sector is likely to lose up to $4 billion in the financial year 2021, advisory firm CAPA India has said, raising the loss estimate from the earlier $3.6 billion. In a report released on July 3, CAPA India also talked of a higher capitalisation need for Indian airlines, up from $2.5 billion to $3.5 billion. Critically, the firm said the Indian aviation sector may be reduced to just two to three players, from more than half a dozen now, including Air India,  IndiGo ,  SpiceJet  and GoAir. "Consolidation is looking more likely and will result in a very significant change in the structure of the industry. India may be headed for a two-three airline market if timely recapitalisation does not happen," it said. Pointing out that the demand in the domestic market was soft, the firm said that the second quarter, like the first, could be a washout. Domestic flights resumed on May 25. "Recent traffic has mostly comprised of essential repositioning traff...
Read more

For aviation, Covid could be the next 9/11

Image
Once the lockdown is lifted, your flying experience will take on a new avatar. It’s as yet unclear when flights will resume and what the new social distancing norms will be, but the pandemic will radically shake up aviation, just like 9/11 and the security challenges it ushered in did nearly two decades ago. The check-in changes You will notice the changes the moment you reach the airport. In fact, it could set in even earlier. While booking tickets, the airline may ask you to furnish a medical certificate to establish you are not displaying corona symptoms. Some international airlines were insisting on a medical certificate at the time of check-in even before the lockdown. There is every likelihood that more flyers will opt for web check-ins. However, you may still need to approach the counter if you have check-in baggage, unless a newly evolved technology takes care of that, too. At the airport, not only will the social distancing norms be more stringent, but the...
Read more