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ARTICLE · 17 NOVEMBER 2008

End Of The Road For Liner Conferences

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Today effectively marks the end of the road for liner conferences involved in European trades.

United KingdomTransport
Philip Wareham
Philip Wareham

Today effectively marks the end of the road for liner conferences involved in European trades. From tomorrow they are no longer covered by the automatic exemption from the EU competition rules that they have benefited from since 1987 thanks to Regulation 4056/86. The Regulation was abolished with effect from 18 October 2006 but existing conferences have had a two-year reprieve.

Collaboration between liner carriers in the form of liner conferences will now become unlawful, and joint fixing of rates or limitations of capacity will be treated severely like hardcore cartels in any other industry. They will attract the highest level of fines, which can reach 10% of each party's worldwide group turnover.

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