12 May 2021 / Chennai, India

Deferral of implementation of escalated Scale of Rates

The escalation factor of 0.55% in the Scale of Rates of Chennai Port Trust was to take effect from 1 May 2021.

Based on the representation from the trade body to rescind the SoR increase effect from 1 May 2021 and help the trade survive the situation brough about by COVID-19 second wave, the competent authority has considered the request and the escalation of 0.55% for the year 2021-22 in the Scale of Rates will be implemented from 1 July 2021 instead of 1 May 2021.

(For information about operations in India, contact GAC India at [email protected])

Source: Chennai Port Trust letter dated 11 May 2021

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

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