Tariff Authority for Major Ports (TAMP)

Subject – Economy

Context – TAMP asks DP World to file proposal on new charges at Vallarpadam terminal

Concept –

The Tariff Authority for Major Ports, the rate regulator for major ports, has asked DP World-run India Gateway Terminal Pvt Ltd to file a proposal before it to levy new charges on direct port delivery and en-bloc movement of containers, a matter that has roiled the export-import trade in Cochin Port.
India Gateway Terminal, the entity that runs the International Container Trans-shipment Terminal at Vallarpadam in Cochin Port Trust, had issued a trade notice seeking to levy ₹800 for a 20-foot container and ₹1,200 for a 40-foot container.

About TAMP –

Tariff Authority for Major Ports (TAMP) is a multi-member statutory body with a mandate to fix tariffs levied by major port trusts under the control of Union Government and private terminals therein.
It is mandated not only to fix the rates but also the conditionality’s governing application of the rates.
Section 47-50 of the Major Port Trust Act, 1963 provides the legal backing for TAMP.
The Board of Port Authority, formed under the Major Ports Authority Bill 2020, will now fix tariffs, which will act as a reference during bidding for public-private-partnership (PPP) projects.

To know about The Major Port Authorities Act 2020, please click here.