Executive Summary:
This document is a corrigendum to Order No. TAMP482018COPT, issued on January 18, 2019, regarding performance norms for cargo operations at Cochin Port Trust (COPT). It addresses an error in the unit of performance standard for HSD and MS. The corrigendum is effective from the date the revised scheme was initially notified on February 12, 2019.
Key Points / Main Content:
* **Error Correction:**
* The unit of performance standard for HSD and MS in para No. 10 v of the original order was incorrect.
* The unit "T/hour" is corrected to "KL/hour" for both Diesel and Motor Spirit (MS).
* The corrected performance norms are:
* Diesel: Maximum 1400 KL/hour
* Motor Spirit (MS): 900 KL/hour
* **Effective Date:**
* The corrigendum is effective from February 12, 2019, the date the revised scheme was initially notified.
* **Authority:**
* The corrigendum is issued by the Tariff Authority for Major Ports.
Impact Analysis:
Cochin Port Trust (COPT):
* Impact: Must implement the corrected performance norms (KL/hour) for HSD and MS in their cargo operations and incentive/penalty scheme.
* Action Required: Adjust operational practices and calculations to reflect the corrected units.
BPCL:
* Impact: BPCL's handling of POL products at COPT is directly affected by the corrected performance norms for Diesel and Motor Spirit (MS).
* Action Required: Ensure their operations align with the corrected performance standards of 1400 KL/hour for Diesel and 900 KL/hour for Motor Spirit (MS).
Stakeholders involved in cargo operations at COPT:
* Impact: The performance-based incentive and penalty scheme now reflects the corrected units for HSD and MS, affecting potential incentives and penalties.
* Action Required: Understand the corrected performance norms and adjust operations to meet the revised standards.
Key Entities Referenced
Tariff Authority for Major Ports: Regulatory body that issued the corrigendum.
New Delhi: Location where the corrigendum was issued.
T.S. Balasubramanian: Member Finance of the Tariff Authority for Major Ports.
Rajat Sachar: Member Economic of the Tariff Authority for Major Ports.
Cochin Port Trust: Port trust that submitted the proposal for Performance Norms based Incentive and Penalty Scheme.
TAMP482018COPT: Order number related to the Performance Norms based Incentive and Penalty Scheme for Cochin Port Trust.
BPCL: Bharat Petroleum Corporation Limited, company handling POL products at the port.
Gazette of India: Official government gazette where the initial order and the corrigendum are published.
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TARRIF AUTHORITY FOR MAJOR PORTS
CORRIGENDUM
New Delhi, the 14th May, 2019
QUORUM
(i) Shri T.S. Balasubramanian, Member (Finance)
(ii) Shri Rajat Sachar, Member (Economic)
(Passed on 29th day of March 2019)
No. TAMP/48/2018-COPT.—This Authority had passed an Order No.TAMP/48/2018-COPT dated
18 January 2019disposing the proposal received from the Cochin Port Trust (COPT) for approving the
Performance Norms based Incentive and Penalty Scheme for cargo operations. The revised
Performance Norms based Incentive and Penalty Scheme for cargo operations approved by this
Authority have been notified in the Gazette of India Extraordinary (Part III Section 4) on 12 February
2019 vide Gazette No.60.
2. An error has occurred in the unit of Performance Standard for HSD and MS at para No. 10 (v)
of the Order dated 19 January 2019. The details of the error and the correction made are given below:¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3
Reference to As appeared in the Order To be read as given below
the Order No.TAMP/48/2018-COPT dated
18 January 2019
Para 10 (v) BPCL stated that they are handling 3 POL BPCL stated that they are handling 3 POL
products viz. M.S, Naphtha and Diesel. BPCL products viz. M.S, Naphtha and Diesel.
can achieve maximum 1400 T/ hour for Diesel BPCL can achieve maximum 1400 KL/ hour
and for Motor Spirit (MS) performance norm of for Diesel and for Motor Spirit (MS)
900 T/ hour is achieved. performance norm of 900 KL/ hour is
achieved.
3. The above Corrigendum may be deemed to have come into effect from the date the revised
Performance Norms based Incentive and Penalty Scheme for cargo operations at the COPT approved by
this Authority vide Order No.TAMP/48/2018-COPT dated 18 January 2019 which was notified in the
Gazette of India on 12 February 2019 vide Gazette No.60 has come into effect.
T.S. BALASUBRAMANIAN, Member (Finance)
[ADVT.-III/4/Exty./81/19]
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