World Trade Organization Organisation Mondiale du Commerce Organización Mundial del Comercio

Reply: Some of the incentives given to registered ship-owners in India are:

1. 
   The Cargo Reservation Policy in India is for Indian flag vessels. As per the DG Shipping circular (2010), the existing basis for according cargo preference is as follows:
   

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 Flag hence till that time, BBCD vessels have only Second Right of Refusal.