VSA Exemption Notification reg.

Applicable to: Shipping Companies/Agents/Operators

Effective Date: September 4, 2014

Superseded Circulars: None

Key Changes and Requirements

Shipping companies/agents/operators responsible for operating vessels under VSAs must:

1.1: Receive copies of VSAs and allied documents/information.
1.2: Scan VSAs and maintain an electronic & structured master database thereof.
1.3: Prepare monthly reports in the form and manner prescribed by the Director General of Shipping, Govt. of India.
1.4: Provide necessary information to the Director General of Shipping, Govt. of India in relation to the complaints that may be received therein.
1.5: All VSAs and related information/documents should be readily available with the concerned shipping company/agent/operator.

Each shipping company/agent/operator that is a party to a VSA shall provide a declaration in the prescribed format (12 pages).

2.1: The declaration should state that the VSA has not used/ is not causing/ is not likely to cause any adverse effect on competition during the tenure of this agreement.
2.2: The VSA does not contain provisions vis-à-vis competitors.
2.3: The company or its employees do not share any information about business plans with competitors.

Important Note

The Director General of Shipping, Govt. of India may charge an appropriate and reasonable fee for reviewing and validating VSAs.

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