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Amendments to guidelines for grant of licence to Foreign Flag vessels issued vide SD Circular No.02 of 2002 dated 08.11.2002 and SD Circular No. 01 of 2017 dated 07.08.2017
Applicable to:
All stakeholders, charterers, shippers, Indian shipping companies
Effective Date:
Immediate
Superseded Circulars:
SD Circular No. 02 of 2002, SD Circular No. 01 of 2017
Key Changes and Requirements
1. Clarification on Clause (f) — Sub Para 4.4, Para 4
The phrase "opening of tender" in clause (f) has been replaced with "opening of price bid" for clarity.
- Impact: Ensures the clause aligns with the overall circular's formulation.
2. Addition of Clause (g) — Sub Para 4.4, Para 4
A new clause (g) has been added to address the retention of Right of First Refusal (RoFR) after major modifications to an Indian flag vessel.
- Key Points: RoFR is retained if the Indian flag status remains unchanged, even after obtaining new registration due to modifications.
Important: These amendments come into force from the date of this circular's issue.
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