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Procedure on exemption of Vessels Sharing Agreements from Competition Act, 2002.
Applicable to:
Shipping companies, agents, operators with VSAs
Effective Date:
21st May 2015
Superseded Circulars:
None
Key Changes and Requirements
1. Vessel Sharing Agreements (VSAs) Monitoring
The Director General of Shipping (DG) will monitor VSAs for one year, from 5th February 2015 to 4th February 2016.
- Companies: File VSAs with Indian Register of Shipping (IRS) within 10 days of signing.
- IRS: Receive, scan, maintain database, prepare monthly reports, and provide information to DG.
2. Compliance Obligations
Shipping companies must comply with the following measures:
- VSAs: File in duplicate with IRS within 10 days of signing.
- Undertaking: Provide a formal undertaking-cum-self-declaration.
- Monthly Reports: Submit line-wise loading and discharging of cargo details.
- Agreements: File marine terminal operating agreements and slot charter arrangements.
Annexure-II Format for Undertaking-cum-Self-Declaration
Important Note
Non-compliance may result in the exemption being withdrawn and potential anti-competitive action.
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