The spare capacity of the foreign flag ships which could not be utilized earlier due to cabotage restrictions will now be gainfully utilized enabling them to offer competitive container slot rates to exporters and importers leading to competition led efficiency in container transportation and lower logistic costs for the shippers.
The container port seeking cabotage relaxation for transshipment port would have to achieve transshipment of 50% or more of the EXIM and Empty cargo handled in one year. New transshipment ports will have a gestation period of one year and shall have to achieve the stipulated transshipment traffic of 50% of the traffic handled in the second year. If the container port is able to achieve transshipment traffic of 50% of the cargo handled, the cabotage relaxation for such container port will continue.
Inability of the port to transship at least 50% of the containers handled in a year shall result in revocation of the said relaxation. The port whose relaxation is revoked shall not be considered for cabotage relaxation for next three years.
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