Government to issue life-time licenses to Indian ships
The Dollar Business Bureau |@TheDollarBiz The government will issue life-time licenses to Indian Ships and any other ship charted by an Indian citizen or an Indian company. Previously, the licenses for ships had to be renewed every year. The government has also allowed all the five Registrars of Ships at Mumbai, Chennai, Kolkata, Goa and Cochin to issue life-time licenses for Indian ships under the provisions of the Merchant Shipping Act, 1958. The government says that the move is an effort to decentralise and liberalise the licensing process for Indian ships and is likely to help to the Indian and other vessels engaged in coastal trading as it will save time and effort. Registration allows ships to fly the Indian flag, ...
