Question : OUTSTANDING DUES TO SHIPPING CORPORATION OF INDIA



(a) whether the public sector companies have paid outstanding dues to Shipping Corporation of India (SCI);

(b) if so, the details thereof;

(c) the balance amount remained to be paid to SCI as on date including the borrowing expenses, company-wise; and

(d) the time by which the dues are likely to be cleared?

Answer given by the minister



MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS ( SHRI SANTOSH KUMAR GANGWAR )

(a) & (b) : Ad hoc payment of 70% of the drydock has been made by Indian Oil Corporation Ltd. (IOC), Hindustan Petroleum Corporation Ltd.(HPCL) and Bharat Petroleum Corporation Ltd. (BPCL) to Shipping Corporation of India (SCI).

(c) & (d): Company-wise balance amount to be paid by Oil Industry to SCI is as under :-

Rs./Crores
Indian Oil Corporation Limited (IOCL) 45.51
Hindustan Petroleum Corporation Limited (HPCL) 25.59
Bharat Petroleum Corporation Limited (BPCL) NIL.
Chennai Petroleum Corporation Limited (CPCL) 27.46
Kochi Refineries Limited (KRL) 27.40
Mangalore Refineries & Petrochemical Limited (MRPL) 10.60
The balance amount is expected to be cleared by 31-3-2001.
ANNEXURE REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA UNSTARRED QUESTION NO. 3928 FOR 14.12.2000 REGARDING OUTSTANDING DUES TO SHIPPING CORPORATION OF INDIA


(a) to (d): Adhoc payment of 70% of the drydock bills has been made by industry as per the details given below:
S.No. Company Bill Amount Amount Paid Payment Date (Rs. Lakhs) (Rs. Lakhs)
1. IOC 11119.68 7783 31/8/00

2. BPC 1414.76 955 14/9/00

3. HPC 1414.76 1303 7/9/00
Balance amount will be settled by oil companies after scrutiny and agreement between SCI/OCC/oil companies.
Proposed time for settling the remaining amount : 31/3/2001
2. The other payments :
TABLE I
DEMURRAGE (1998-99) (Rs.CR)
Company SCI Claim Claim Disallowed by IOC Paid Outstanding
IOC 27.05 8.65 17.64 0.76+ BPC 6.26 1.06 5.20 0.00 HPC 21.36 4.22 14.95 2.19 CPCL 19.20 5.48 6.07 7.65 KRL 12.77 4.57 6.99 1.21 MRPL 12.71 2.74 4.39 5.58 TOTAL 99.35 26.72 55.24 17.39
+ Awaiting SCI`s acceptance.
TABLE II
DEMURRAGE (1999-00) (Rs.CR)
Company SCI Claim Claim Disallowed by IOC Paid Outstanding
IOC 27.72 2.89 13.45 11.38+ BPC 3.27 0.35 0.55 2.37 HPC 15.17 1.28 - 13.89 CPCL 19.31 0.06 0.36 18.89 KRL 9.47 0.38 1.01 8.08 MRPL 4.03 0.70 - 3.33 TOTAL 78.97 5.66 15.37 57.94
+ Pending IOC demurrage cases numbering 56 received recently, will be cleared by January 2001.

TABLE III
Time Charter Expenses (1998-2001) (Rs.CR)
Company SCI Claim Claim Disallowed by IOC Paid Outstanding
IOC 264.78 264.78 NIL BPC 4.27 4.27 NIL HPC 131.66 128.22 3.44 CPCL 109.42 108.50 0.92 KRL 263.02 248.92 14.10 MRPL 51.30 49.85 1.45 TOTAL 824.84 806.83 18.01
+ Apart from the above, SCI has recently submitted bills worth Rs. 35.66 crores towards direct operating expenses for time chartered vessels. These expenses are under scrutiny and are being apportioned among the oil companies. IOC`s share will be paid within 10 days.
TABLE IV
Coastal Voyages Freight (1998-99 & 99-00) (Rs.CR)
Company SCI Claim Claim Disallowed by IOC Paid Outstanding
IOC 9.90 9.90 NIL BPC 1.06 1.06 NIL HPC 5.44 2.73 2.71 CPCL 10.67 10.67 NIL KRL 9.12 5.11 4.01 MRPL 3.89 3.89 NIL TOTAL 40.08 33.36 6.72

TABLE V
Transhipment Charges (1998-99 & 99-00) (Rs.CR)
Company SCI Claim Claim Disallowed by IOC Paid Outstanding
IOC 2.75 2.75 NIL BPC 0.72 0.34 0.38 HPC 5.59 5.57 0.02 CPCL 0.97 0.97 NIL KRL 5.56 5.56 NIL MRPL 4.00 3.76 0.24 TOTAL 19.59 18.95 0.64
As per agreement between oil companies each company has to make payment directly to SCI.