Freight hedge permits residents to enter freight derivative contracts abroad to hedge freight risk subject to Reserve Bank approval. Reserve Bank approval is required for residents in India to enter into freight derivative contracts abroad to hedge freight risk, subject to prescribed terms, conditions and application procedure; specially authorised authorised dealers may permit oil refining and shipping companies to do so under Reserve Bank stipulations and guidelines.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Freight hedge permits residents to enter freight derivative contracts abroad to hedge freight risk subject to Reserve Bank approval.
Reserve Bank approval is required for residents in India to enter into freight derivative contracts abroad to hedge freight risk, subject to prescribed terms, conditions and application procedure; specially authorised authorised dealers may permit oil refining and shipping companies to do so under Reserve Bank stipulations and guidelines.
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