World Trade Organization Organisation Mondiale du Commerce Organización Mundial del Comercio

Right of first refusal: Indian flag vessels (regardless of country of built – India or foreign).

Right of second refusal: BBCD vessels (bareboat charter cum demise); only after demise of charter period, the vessel may fly Indian glag hence till that time, BBCD vessels have only second right of refusal.

Right of third tefusal: Indian built foreign owned (foreign flag) vessel.

Last right of refusal: any foreign flag vessel.

As regards the particular areas where the above mentioned policy is implemented, the details are as following:

For chartering a vessel for carriage of any government or privately owned/controlled cargoes for export or import, Indian flag vessels will have the first right of refusal for carrying the cargoes. Only if such licence cannot be given to Indian flag vessel, a foreign flag vessel be allowed to be chartered/taken on rental basis.