Central Government, exempts the Vessels Sharing Agreements of Liner Shipping Industry from the provisions of section 3 of the Competition Act, 2002, for a period of three years
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Exemption of vessel sharing agreements from competition prohibition allows monitored liner shipping cooperation subject to withdrawal on anti-competitive complaints.
Exemption of Vessel Sharing Agreements from the prohibition in section 3 is granted for a limited period for carriers of all nationalities operating from Indian ports, subject to withdrawal if complaints of price fixing, capacity limitation, or market/customer allocation arise. The Director General, Shipping will monitor operations and submit annual reports. Operators must file copies of existing or new vessel sharing agreements and any other documents specified by the Director General within thirty days of publication or ten days of signing, whichever is later.