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Freight hedge

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Full Text of the Document

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....uch terms and conditions as may be considered necessary, to enter into a freight derivative contract in an exchange or a market out side India to hedge the freight risk such person is exposed to. (ii) Notwithstanding anything contained in sub-regulation (i) an authorised dealer in India 2[specially authorised in that behalf by the Reserve Bank] may permit an oil refining company or a shipping com....

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