CBEC introduces online generation of rotation numbers for shipping lines/agents
The Dollar Business Bureau The Customs and Excise Department has made easy for shipping lines or agents by introducing the online generation of rotation numbers for vessels. Until now the process followed was a cumbersome one for both the Shipping Line(SL) or the Shipping Agent(SA). According to the process, the allotment of 'Rotation Number' for a vessel that calls on a port, the concerned Shipping Line or Shipping Agent (SL/SA) must file an application with the designated section in the Custom House, along with the desired particulars in the prescribed format. After confirmation of the particulars, the designated official who is assigned the appropriate role on the Indian Customs EDI System (ICES), enters the relevant data in this system. Upon submission of this ...
India re-elected as member of International Maritime Council for 2 years
The Dollar Business Bureau India is among the top twenty ship-owning countries of the world in terms of gross tonnage as well as deadweight In a major boost to its position in the global trade, India has been re-elected unopposed to the 40-member Council of the International Maritime Organisation (IMO) for two years. This re-election gives India an opportunity to engage with the international maritime community and advance India’s maritime interests and promote the welfare of its citizens. “This will result in huge savings for India’s EXIM trade and consumers on account of reduced insurance premium and consequently freight costs. It will improve safety of fishermen and fishing boats, and will also improve the security along India’s coastline,” a Shipping Ministry statement ...
Union Cabinet okays Ministry of Shipping's proposal for India's accession to Bunker Convention
Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Ministry of Shipping's proposal for India's accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (Bunker Convention) of the International Maritime Organization [IMO]. Approval was also given to amend the Merchant Shipping Act, 1958 to give effect to the Bunker Convention, Nairobi Convention and Salvage Convention. The Bunker Convention ensures adequate, prompt, and effective compensation for damage caused by spills of oil, when carried as fuel in ships' bunkers. The territorial jurisdiction for damage compensation extends to territorial sea and exclusive economic zones. It applies to an Indian vessel, wherever it is situated, and to a foreign ...
Norms relaxed on diesel imports through old ships to promote ship breaking industry
The Dollar Business Bureau In a deliberate move to give fillip to the ship breaking industry, the government has relaxed norms for Import of High Speed Diesel (HSD) and Light diesel oil (LDO), brought on board in the old ships/vessels for purpose of breaking. Prior to this development, state trading enterprises were taking care of such imports. On an average, oil tankers accounted for 40% of the volumes scrapped during 1993-2004. Some 250 Indian companies are involved in ship-scrapping, mostly along the Gujarat coast. The ship-breaking industry in India is likely to witness hectic activity in the next 10 years with the European Union’s proposed accelerated phase-out of single-hull tankers (20,000 to 30,000 DWT — dead weight tonnage). According to ...
