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Revised guidelines for chartering of vessels under Sections 406 and 407 of Merchant Shipping Act ,1958. During the period of foul weather, During the period of foul weather,oil exploration ,Ministry of Shipping, Road Transport & Highways,Condition Ass…
Applicable to:
Shipping companies, exporters, importers, and agents
Effective Date:
15th May 2008
Superseded Circulars:
DGS Circulars 7 of 2003 and 8 of 2003 (with clarifications)
Key Changes and Requirements
1. New Guidelines for Chartering Vessels
The Ministry of Shipping has revised guidelines for chartering vessels under Sections 406 and 407 of the Merchant Shipping Act, 1958, effective 15th May 2008.
- During Foul Weather: Applications for chartering will be entertained only for vessels meeting the following criteria:
- Cargo Vessels: Less than 25 years old (except gas carriers, oil, or product tankers and dredgers).
- Gas Carriers: Less than 30 years old.
- Oil or Product Tankers: Double hull or single hull less than 20 years, fulfilling CAS requirements.
- Time Charters: Vessels must be less than 25 years old at the end of the charter period.
- Offshore Service Vessels: Less than 25 years old, classed with IRS, and inspected before entry into Indian territorial waters.
Important Note
All stakeholders are advised to amend their chartering terms, practices, and instructions accordingly.
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