Import/Export Industry Notifications

Amid the coronavirus lockdown, a consignment of four tons of green vegetables including chilli, cucumber and bottle gourd left for Delhi to be exported to the UK. Earlier, vegetable consignments were sent only to the Gulf countries. This dispatch to London may generate opportunities in the European market also.

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The Shipping Ministry cleared a package to ease the burden on port users, public-private-partnership (PPP) operators and shipping lines caused by the lockdown restrictions. Major port trusts such as Cochin, Kolkata, Chennai, Mumbai, Goa, and Visakhapatnam have the lowest operating profit or are running at a loss.

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Union Minister, Mansukh Mandaviya discussed business continuity plans with representatives of the maritime industry. The industry leaders highlighted the challenges like supply chain issues and movement of cargo and trucks. They’ve requested policy interventions.

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With oil prices dropping to less than $20 per barrel, ocean carriers are under pressure to cancel their bunker surcharges and imply negative bunker adjustment factors (BAFs). But the shippers complain that the lines are still charging BAFs – and IMO 2020 low-sulphur surcharges.

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The COVID-19 outbreak is adversely affecting the domestic logistics sector, especially road transportation. The immediate impact on the logistic sector has been a sharp fall in freight availability. This is due to restrictions on the production of non-essential goods and shortage of fleet for movement of goods owing to the shortage of drivers and increased truck rentals

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West Asian nations led by Iran have also placed orders for basmati rice, but traders are likely to miss the crucial Ramzan period as it takes 40-45 days to ship the consignments. Iran, China and Russia have placed fresh orders for Indian black tea during the COVID-19 outbreak, a boost for the domestic industry which has incurred losses of about 100 million kg of teas owing to the lockdown.

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A controversy has erupted on waiver of all penal charges for container detention, demurrage and storage payable on import or export by CFS, ICDs and shipping lines due to Covid-19 pandemic. If it’s not sorted out quickly, a major showdown could be caused between the EXIM and CFS operators.

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In a surprise move, Adani Ports and Special Economic Zone Ltd (APSEZ) will introduce a new train-handling charge on all trains handled at Mundra port. The new charge, to be applicable from May 1, has been set at Rs. 2.60 lakh plus GST per rake handling in/out with 48 hours.

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