Page 5 - Cargo

Air freight rates return to earth as virus-driven boom cools; airlines fret

About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters

Covid-19: Govt reduces penalty on uncleared airport cargo by half

However, customs dept feels move will only discourage importers and brokers from lifting their consignments and cause further congestion of ports

Delhi 'blinks green' as the fastest air cargo hub among India's metros

The colour-coded Customs dashboard is meant to help India break into top 50 ease of business club

Cargo handled by major ports in Apr-Oct almost unchanged at 405 mt: IPA

Ports -Deendayal, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar, V.O. Chidambaranar, Visakhapatnam, Paradip and Kolkata-- saw only 0.44% growth in cargo handled during the period

'Under FCA, CIP, CPT, seller must provide proof of cargo delivery to buyer'

In FCA/CIP/CPT, the seller is only required to provide proof that he has delivered the cargo to the buyer

Indo-Bangladesh Protocol to help push cargo, cruises on inland waterways

Protocol permits inland vessels of one country to transit through specified routes of the other

Major ports post muted growth as coal volumes slide 4% in Apr-Aug period

In corresponding period of FY19, coal cargo had risen by 11%; Overall throughput growth ports at 1.9%

Govt proposes 'red, amber, green' model to promote quick cargo clearance

Green indicates clearance of cargo within the World Bank's stipulated period and red a significant time overrun

Cargo, fuel demand hint at slow economic revival

Economic revival coupled with low base effect led to an increase in fuel demand

Customs clearing most cargo within 4-days at JNPT: John Joseph

Joseph advised exporters and importers to take advantage of DPD