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Licence under section 406 of the Merchant Shipping Act, 1958 & fee to be charged for granting such license, to vessels covered under this office DGS order No. 10 of 2014 [F No. SD-12/Misc (15)/12] dated 23.07.14 [Indian Controlled Tonnage vessels] - r…

Applicable to: Indian shipping companies, Indian National Ship-owners Association (INSA)
Effective Date: 28.08.15
Superseded Circulars: None mentioned

Key Changes and Requirements

1. License and Fee Changes — Indian Controlled Tonnage (ICT) vessels

Vessels under Indian Controlled Tonnage can now be granted licenses under section 406 of the Merchant Shipping Act, 1958, without requiring a charterer.

  • Processing Fee: Rs. 20,000/- per month
  • License Fee: Rs. 15,000/- per month (Total: Rs. 35,000/- per month)

2. Application Procedure — Indian shipping companies

Applicants must follow the procedures laid down for the grant of such a license, including obtaining a No Objection Certificate (NOC) from the Indian National Ship-owners Association (INSA).

INSA  Contact for NOC: www.insashipping.org
Download official PDF

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