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22 September 2021 The on-line newspaper devoted to the world of transports 14:33 GMT+2

June 21, 2001

Govt liberalises used ship acquisition norms

The Ministry of Shipping has reportedly raised the age limit of ships that can be acquired by domestic companies up to 25 years of age without the mandatory technical clearance and price reasonableness certificates required from various government agencies.

The fresh guidelines on age/residual life norms were issued by the Ministry of Shipping on June 15. ......
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