Business Daily from THE HINDU group of publications Friday, Dec 15, 2006 ePaper |
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Logistics
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Shipping Industry & Economy - Foreign Trade India, Pakistan revise shipping protocol Our Bureau
New Delhi , Dec. 14 India and Pakistan today signed a revised shipping protocol. According to an official communiqué, the revised protocol replaces the protocol on resumption of shipping services signed by India and Pakistan in 1975, which restricted lifting of cargo destined to the other country by the vessels belonging to India or Pakistan only. Further, the vessels of India or Pakistan could not lift the cargo destined to or from other countries from each other's ports. These restrictions were causing hindrances in the flow of cargo between the two countries. The revised protocol removes restrictions on lifting of third country cargo by Indian and Pakistani vessels from each other's ports. It also lifted the restriction that the cargo destined for the other country could be carried only by an Indian or Pakistani vessel, the release said.
Improve shipping links
Third country flag will be able to carry India or Pakistan-bound cargo. The revised protocol will help shipping companies of both the countries and also improve shipping links, it added.
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