LONG TERM TARIFF CONTRACT (LTTC)
To provide certainty in logistic operations with assured freight rebate including stability/certainty of freight rates and supply of wagons, Railways offer Long Term Tariff Contract for its customers. Up to 35% concession can be availed in this scheme subject to fulfillment of conditions.
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Provide certainty in logistic operations for the Railways as well as customers
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Assured traffic to Railway
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Assured freight rebate to party
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Long term freight revenue commitment from the customers
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Stability and certainty of freight rates to the customers and assured supply of wagons.
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Generation of additional traffic volumes and revenue for Railways.
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Eligibility: Customer offering at least 1 million Tonne per annum (outward and inward as the case may be) by Rail.
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Excluded commodity: All commodities with classification below Class-100, Coal & Coke, Iron Ore, Military traffic, POL, RMC, Container traffic & Automobile traffic.
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No concurrent concession/rebate can be availed under this scheme except 6% concession for traffic booked to and from NE regions & automatic freight rebate under TEFD.
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Percentage of concession varies from 0 to 35% subject to fulfillment of conditions.
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S.Rly has signed as witness for nine companies which have entered LTTC agreement with other Railways