The incentive to be disbursed as a fixed amount based on a rate chart
The Kerala government has approved a revised coastal shipping incentive scheme on loaded containers moving between Kochi and non-major ports in the State. The incentive on freight will now be disbursed according to a rate chart fixed for various routes.
It was originally fixed at 10 percent above the road transportation costs. The scheme will be applicable to loaded containers shipped between the International Container Transhipment Terminal (ICTT) at Vallarpadam in Cochin Port