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ARTICLE · 13 MAY 2025

Breaking Down The Amendments To The IFSCA Ship Leasing Framework

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The International Financial Services Centres Authority (IFSCA) issued the Framework for Ship Leasing, vide Circular No. F. No. 496/IFSCA/FC/SLF/2022-23/001 dated 16 August 2022, as amended and updated from time to time, (Shipping Framework) as an initiative towards establishing a global shipping industry in India.

IndiaFinance and Banking
Arijit Sarkar
Arijit Sarkar
Shubha Ojha
Shubha Ojha
Aparna Arya
Aparna Arya
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Introduction

The International Financial Services Centres Authority (IFSCA) issued the Framework for Ship Leasing, vide Circular No. F. No. 496/IFSCA/FC/SLF/2022-23/001 dated 16 August 2022, as amended and updated from time to time, (Shipping Framework) as an initiative towards establishing a global shipping industry in India. The Shipping Framework aimed at enabling ship leasing activities and business in International Financial Services Centres (IFSCs) in accordance with the mechanism laid down under the IFSCA (Finance Company) Regulations, 2021 (Finance Company Regulations). The Shipping Framework sets out guidelines for the entities registered under the Finance Company Regulations for undertaking financial lease or operating lease or a hybrid of financial and operating lease with respect to Ships and Oceans Vessels (both as defined under the Shipping Framework).

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