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ADDENDUM No. 1 TO THE DGS CIRCULAR NO. 02 of 2021 dated 05.10.2023 reg Guidelines for exercise of Right of First Refusal - grant of license to foreign flag vessels for your information
Applicable to:
All stakeholders, charterers, shippers, Indian shipping companies, shipyards, private ports, and associations.
Effective Date:
05.10.2023
Superseded Circulars:
DGS Circular No. 02 of 2021
Key Changes and Requirements
1. Amendments to DGS Circular No. 02 of 2021
The DGS has amended the guidelines for exercising the Right of First Refusal (RoFR) for Indian-built and Indian-flagged ships.
- Indian-built, Indian-flagged ships: Now include ships deemed Indian-built up to the issue date of this circular.
- Foreign-flagged temporary substitutes: Can be deemed Indian-built under certain conditions, with licenses limited to the shipbuilding period.
II/4 This circular comes into force from the date of its issuance.
Important Note
All stakeholders are advised to comply with the amended guidelines and obtain necessary licenses from the DG Shipping.
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