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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.
Applicable to:
All stakeholders, charterers, shippers, Indian shipping companies
Effective Date:
07.08.2017
Superseded Circulars:
SD Circular No. 02 of 2002
Key Changes and Requirements
1. Amendment to SD Circular No. 02 of 2002 — Sub Para 4.4, Paragraph 4
A new clause (f) has been added to the circular:
- Clause (f): The vessel must remain an Indian flag vessel throughout the tender and contract period to avail the benefits of Right of First Refusal (RoFR). Failure to do so may result in the withdrawal of the contract.
II/4 Amended Circular No. 1 of 2017
Important Note
Ensure your vessel complies with the Indian flag requirement throughout the tender and contract period to avoid contract withdrawal.
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