The Visakhapatnam Port Authority (VPA) on July 24, 2024, published a Draft notification on the Extension of Promotional Measures with Regard to Concession in Vessel Related Charges (VRC) for Container Vessel.
The following has been stated: -
•The Visakhapatnam Port Authority approved the following concessions for One year w.e.f. April 01, 2024, to March 31, 2025, as a measure towards retaining and attracting the Container Volumes at VPA.
A. Concession: 70% rebate on Port Dues and Pilotage for Container Vessels, irrespective of GRT.
B.Concession on Transhipment Containers:
Concession of 80% in Port Dues and Pilotage for Container Vessels, irrespective of GRT, and carrying a minimum inward 100 TEUs for Transhipment.
•The above discounts at (A) will however NOT be applicable for the vessels where the concessions on transshipment containers are availed. The Terminal and the Container Lines should strive to handle 1.0 Million TEUs during the FY: 2024-25.
The detailed notification is given in the document below.
[Notification No. IGAD/BDS/MISC/FR-11/2024/2334]
