The 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.
This is applicable to the import-export trade, shipping lines and other stakeholders, CONCOR said.
This 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.
It added 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 exim trade.
