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ARTICLE · 13 JULY 2018

Continued Relief For Liner Shipping Industry: India Extends Exemption Until July 2021

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On 4 July 2018, the Ministry of Corporate Affairs (MCA) extended the vessel sharing exemption applicable to the liner shipping industry from scrutiny under Section 3 of the Competition Act...

IndiaTransport
Manas Kumar Chaudhuri
Manas Kumar Chaudhuri
Anisha Chand
Anisha Chand
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On 4 July 2018, the Ministry of Corporate Affairs (MCA) extended the vessel sharing exemption applicable to the liner shipping industry from scrutiny under Section 3 of the Competition Act, 2002 (Exemption) for a further period of three years. The Exemption has been extended on an annual basis after its initial introduction in September 2012 with the last extension expiring on 19 June 2018.

The Exemption continues to apply to carriers of all nationalities, operating ships of any nationality from any Indian port provided such agreements exclude collusive practices involving fixing of prices, limitation of capacity or sales and the allocation of markets or customers.

All vessel sharing agreements (VSAs) are subject to monitoring by the Directorate General of Shipping, Ministry of Shipping, Government of India (DG Shipping). Further, the Exemption also requires persons responsible for operations of such ships in India to file copies of existing VSAs or VSAs proposed

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