Kochi Port. Dwell time
Kochi, Dec. 11: The shipping fraternity in Kochi has opposed port managements decision to bring down dwell time for import cargo by reducing the number of free days. A spokesman of the coordination committee of port users told Business Line that the move to cut the number of free days from the present seven to three from March 2015 would only impose a great financial burden on the importer, forcing them to divert cargo. The move will automatically increase the cost of operations for import with 1,600 for 20 ft containers and 3,200 for 40 ft containers. Any additional cost to an import container will result in reduction of imports to Kochi and thus will affect equipments availability in higher cost of exports. A move such as this, in ports where there is congestion, is understandable. However, in Kochi, where the terminal is operating at only one third its capacity the present move defies logic, he added. However, the port management was of the view that the reduction in dwell time for clearance from ICTT will go a long way in reducing the time for physical receipt of imported goods by the consignee. It will also result in reduction of cost of avoidance of chances of demurrage and other detention cost.