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of <h1>Vessels Sharing in Liner Shipping Exempt from Competition Act Section 3 for Three Years; Monitored by Shipping Director General.</h1> The Central Government exempts Vessels Sharing Agreements in the Liner Shipping Industry from section 3 of the Competition Act, 2002, for three years starting from the notification's publication date. This exemption applies to carriers of all nationalities operating ships from any Indian port. The exemption may be revoked if complaints arise regarding price fixing, capacity limitation, or market allocation. The Director General of Shipping will monitor these agreements, requiring operators to submit relevant documents within specified timeframes. This oversight includes annual reporting on the agreements' operations.
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