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Implementation of Ministry of Ports Shipping and Waterways Notification S.O. 3690(E) dated 07.07.2026 exempting foreign vessels chartered by units established in the International Financial Services Centre (IFSC) from the requirement of licence under Sect…
Applicable to:
Units established in the International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, Gujarat
Effective Date:
Immediate
Superseded Circulars:
None
Key Changes and Requirements
1. Exemption from Licence Requirement — Foreign vessels chartered by IFSC units
Foreign vessels chartered by units established in the International Financial Services Centre (IFSC) at GIFT City are exempt from obtaining a licence under Section 11 of the Coastal Shipping Act, 2025.
- Exemption Applies To: Foreign vessels chartered by eligible units established in the IFSC at GIFT City
- Exemption Does Not Apply To: Vessels engaged in coasting trade
2. Compliance and Other Provisions — All other applicable provisions
All other applicable provisions of the Coastal Shipping Act, 2025, the Merchant Shipping Act, 1958, and other applicable statutes, rules, regulations, conventions, and directions issued by the Central Government or the Directorate General of Maritime Administration shall continue to apply.
II/4 Shipping Companies, vessel operators, charterers, port authorities, maritime administrations, and other stakeholders are advised to take note of the above for compliance with the provisions of the Notification.
Important Note
This circular has been issued with the approval of the Competent Authority.
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