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Revised guidelines for chartering vessels under Section 406 and 407 of M.S.Act, 1958 - levy to be charged for offshore vessels-regardingDumb Barges, Pontoons, Non -propelled ,offshore vessels which are not classed with IRS, Amendment
Applicable to:
All concerned in offshore vessel chartering
Effective Date:
Immediate
Superseded Circulars:
SD Circular No.01 of 2008 and Amendment to SD Circular No.1 of 2008 dated 22.7.2008
Key Changes and Requirements
1. Levy Charges for Offshore Vessels
An appropriate fee is to be charged on charterers of offshore vessels not classed with IRS and above 25 years of age.
- Self-propelled Offshore Service Vessels: 1% of the rate of charter hire per day in US$
- Non-propelled Vessels: 25% of the amount prescribed for self-propelled vessels
Payment: Demand Draft/Pay Order in favor of "Director General of Shipping", Payable at Mumbai
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