In a bid
to contain the competition from the private inland container depots, which are
offering freebies to the trade, the state owned Container Corporation of India
(CONCOR) has announced the facilitation of free warehousing for containers to
the trade at its terminals across the country.
The massive increase in free time, i.e. 45
days and 90 days for loaded and empty containers, respectively, has become
effective from September 1, 2018. We have taken the war to their end said an
official of CONCOR.
is applicable to the import-export trade, shipping lines and other stakeholders,
CONCOR said in a communiqué.
initiative will reduce requirement of warehousing at separate locations and do
away with the need of secondary transportation to warehousing and empty yards.
It will also reduce multiple handling and transportation, the communiqué
that the measure will lead to re-examining and re-engineering of the
transportation and warehousing needs by reducing infructuous logistics legs and
substantially reducing the cost and time of ex-im trade.