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First private container terminal NSICT wants to change course

First private container terminal NSICT wants to change course
Nhava Sheva International Container Terminal Pvt Ltd or NSICT, India’s first private container terminal at a Central government-run port, has won the backing of an arbitration tribunal to switch to a revenue-share model from the royalty format.

Unclear whether JNPT will agree to revenue-share model

Nhava Sheva International Container Terminal Pvt Ltd or NSICT, India’s first private container terminal at a Central government-run port, has won the backing of an arbitration tribunal to switch to a revenue-share model from the royalty format.

NSICT is one of the two container terminals run by the Dubai government-owned DP World Ltd at Jawaharlal Nehru Port Trust (JNPT), India’s biggest container gateway.

Arbitration

The arbitration proceeding was initiated by NSICT as per the clauses of the concession agreement with JNPT in 1997 for a 30-year period.

Read more on The Hindu BusinessLine.

This news is a total 274 time has been read
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