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DEMURRAGE
Root cause: India’s spice crown under threat as quality concerns trace back to farmsFarm-level traceability, quality, value addition, and branding are key to converting export scale into global trust, according to experts.- Chinese firm shuts Gwadar plant in Pakistan, lays off workers amid lossesA Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...
- Rice exporters urge govt to recognise Iran crisis shipping disruption as force majeureIndian Rice Exporters' Federation seeks government intervention for shipping disruptions linked to the Iran crisis. They request official r...
- Indian apparel exporters seek waiver of airport demurrage fees due to Iran-Israel conflict-induced flight disruptionsApparel exporters have urged the government to waive airport demurrage charges on export cargo due to flight disruptions caused by the West...
- Railway Board suggests penalties and infrastructure improvement to lower rake congestionInstances of coal loading terminals and power houses taking more than permitted free time to release wagons were flagged in April. This was...
- US regulator expects to find abuses in shipping amid supply chain woesIn 2020, the FMC said importers should not be hit with demurrage or detention charges, which refer to fees charged when importers delay in ...
- Shortage of trucks, labourers in Assam; people reluctant to work: Kamrup Chamber of CommerceSubhanan Chanda Chief Public Relations Officer, Northeast Frontier Railway told ET, “This issue is discussed several times and it is settle...
- HC declines to pass order on Matrix request to remove imports from customs to avoid demurrageMatrix urged the court to allow it to remove its goods from the customs warehouse where its imports are lying presently, to avoid payment o...
- Drug companies complain of hefty charges on stuck consignments from ChinaThe pharma industry representatives ET spoke with said that while the customs department has been clearing containers of some drugs from Ch...
- Material Recycling Association of India asks government to waive demurrage and rental chargesAccording to MRAI, more than 2.5 lakh containers have got stuck for clearances at Indian ports on account of the complete lockdown.
- More rakes needed for moving essentials, Railways to fine freight clients for delay in freeing trainsThe Railways had earlier waived off the two types of charges for such delays -- Demurrage and Wharfage -- for the duration of the lockdown....
- Apparel exporters seek complete waiver of demurrage on shipmentsIn a letter to Civil Aviation Minister Hardeep Singh Puri, he said the council members could not clear the shipments on time because of lac...
- No demurrage, wharfage, stacking, stabling, detention, ground usage charges till May 3: Indian RailwaysThese charges were already waived off by the ministry during the period when the 21 day lockdown was in force. Treating the period till May...
- Power plants go slow on unloading coal stockPower sector executives say unloading takes longer than normal when coal is already heaped in the storage space.
- Exports payments worth Rs 100 crore pending with IranThe apex body of engineering exporters has received representations from its various members explaining how their payments have been blocke...
- Chennai Port mulling relaxing cargo dwell time: ChairmanThe move by the Port was in the backdrop of economic downturn and slowdown in China, Chennai Port Trust Chairman M A Bhaskarachar said.
- Petronet pays hefty demurrage as PSUs refuse costly gas importPetronet is shelling out Rs 400 crore every quarter in demurrage charges for ships idling because of its PSU buyers refusing to buy expensi...
- Customs department asks Dell India to pay charges to importersA Dell spokesperson confirmed the company receiving the order and said it is "studying the same to determine next steps".
- MNCs reluctant to offer wheat to STCLarge MNCs have blamed STC for their reluctance to offer wheat to the PSU.
- Imported wheat mounts at ports as STC, FCI clashThe government’s neatly laid-out strategy on phased wheat imports to bolster the public distribution system (PDS) in the east and south is ...
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