In pursuance of ‘Make in India’ policy of the Government of India, the Ministry of Shipping has reviewed the ROFR (Right of First Refusal) licensing conditions for chartering of vessels/Ships through a tender process for all types of requirements.
To promote the demand of the ships built in India, priority in chartering of vessels is given to vessels built in India, flagged in India, and owned by Indians under the amendments in the guidelines of ROFR(Right of First Refusal).
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