Amended Working Capital Credit Guidelines rued Federation of Nepalese Chambers of Commerce and Industry (FNCCI) — the largest private sector umbrella organisation — has said the revised Working Capital Loan Guidelines, 2022 is unable to address current economic downturn. Business 06 Jan, 2023
1,800 containers pile up at Vizag Kathmandu, July 4 Gross negligence of traders (importers) and government has adversely affected the effective utilisation of Visakhapatnam Port, also known as Vizag Port, which is an alternative gateway for third country trade after Kolkata/Haldia... 05 Jul, 2018
Vizag Port: An alternative, strategic gateway Unforeseen cost higher in conduting third-country trade via Kolkata Port Kathmandu, April 30 Traders have been urged to utilise Visakhapatnam (Vizag) Port for third-country trade considering ocean freight cost; transparency and efficiency of the... 01 May, 2018
Govt plans to bring its cargo via Vizag port Kathmandu, November 26 Following the lukewarm response from traders to import and export through the Visakhapatnam (Vizag) port sine more than a year of the port being opened for Nepal, the government is mulling over bringing its imports through... 27 Nov, 2017
Despite hassles, traders stick to Kolkata port Kathmandu, November 15 Despite numerous hassles and inefficiencies at Kolkata port, Nepali importers have not shown any willingness to shift to the Visakhapatnam (Vizag) port, which could be more predictable and efficient for Nepali... 26 Nov, 2017
Shipping liners start issuing combined bill of lading via Vizag Kathmandu, June 13 Shipping liners have started issuing combined bill of lading for Nepal-bound cargoes from port of loading to the place of delivery (Inland Clearance Depot in Birgunj) via Visakhapatnam (Vizag) Port. In combined bill of... 14 Jun, 2017
Shipping liners to issue multi-modal bill of lading Kathmandu, September 27 Some of the shipping liners have agreed to issue combined bill of lading of Nepal-bound cargo from the port of loading to the place of delivery (Inland Clearance Depot, Birgunj). Till date shipping liners have been... 28 Sep, 2016
India completes procedure for trade via Visakhapatnam Port Kathmandu, August 4 The Visakhapatnam Custom House (VCH) has issued a procedure to regulate Nepal’s third-country trade through India via Visakhapatnam (Vizag) Port on Wednesday. The procedure allows movement of sealed containers via road to... 05 Aug, 2016
MoC notifies NRB about Vizag Port Kathmandu, July 4 The Ministry of Commerce (MoC) has notified the Nepal Rastra Bank (NRB) about operationalisation of Visakhapatnam (Vizag) Port and has asked the latter to make necessary arrangements for the payment of third-country cargoes... 05 Jul, 2016
FNCCI seeks consideration on detention, demurrage Kathmandu, January 25 Federation of Nepalese Chambers of Commerce and Industry (FNCCI) — the largest private sector umbrella body of the country — had sought the support of Association of Shipping Interest in Calcutta (ASIC) and Container... 26 Jan, 2016
Traders forced to use informal channels to pay detention charges Kathmandu, January 7 Traders and freight forwarders have been forced to pay the detention charges levied by shipping liners, container freight stations and Kolkata port through informal channels, as Nepal Rastra Bank does not permit banks to... 08 Jan, 2016
�Our effort is to bring down the number of days and cost involved in transporting cargo� As the Kolkata port is the only gateway for Nepal’s trade with third countries via sea, the Consulate General Office has a vital role in helping facilitate the country’s exports and imports. The Consulate General Office over time has been... 17 Aug, 2015
