The Cochin Port Trust (Distraint or Arrest and Sale of Vessels) Regulations, 2019

Mar 13, 2020 | by Avantis RegTech Legal Research Team

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Commercial Compliance

The Ministry of Shipping on March 05, 2020, notifies the Cochin Port Trust (Distraint or Arrest and Sale of Vessels) Regulations, 2019 which shall apply to all vessels in respect of which any rates or penalties or both are payable under the Major Port Trusts Act, 1963 or under any regulations or orders. But these Regulations shall not apply to vessels belonging to, or in the service of, the Central Government or a State Government or to any vessel of war belonging to any Foreign State.

These Regulations specifies that any vessel in respect of which rate or penalties have not been paid is lying at the port, a demand in ‘Form-I’ shall be made by the Financial Advisor and Chief Accounts Officer upon the defaulting vessel to pay all the rates or penalties within a period of 7 days from the date of issue of the such demand. If the Master of the defaulting vessel refuses or neglects to pay the rates or penalties or any part thereof within the time limit the Board may proceed to distraint or arrest such vessel and the tackle, apparel and furniture belonging thereto, or any part thereof and detain the same until the amount so due to the Board, together with such further amount as may accrue for any period during which the vessels is under distraint or arrest, is paid. The Deputy Conservator may after valuation sale the distrained or arrested vessel.

These Regulations repeals the Cochin Port Trust (Distraint or Arrest and Sale of Vessels) Regulations, 1988.

[Notification No. G.S.R. 161(E)]


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