India:
Liberalization Of General-Purpose Wagon Investment Scheme (GPWIS) By Ministry Of Railways (MoR)
14 January 2020
DSK Legal
To print this article, all you need is to be registered or login on Mondaq.com.
The Ministry of Railways ("MoR"), on
the basis of feedback received from the prospective investors and
end-users, has liberalized the GPWIS. The same was done by bringing
an amendment to GPWIS and pursuant to the amendment, end users have
been granted permission to load third party cargo in their rakes in
the empty direction. Further, the design loan charges i.e. charge
payable to wagon designer for the use of the wagon design have been
brought down to 1% from 5% for a general - purpose wagon.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Transport from India
Bills Of Lading: Basic Concepts And Issues
Metalegal Advocates
A bill of lading is more than a mere contractual or legal or transport document. It evidences several facets of relationships between various parties and continues to be debated in the legal circles regarding its form and significance.
Maritime Lien In India
JSA
The existence of a maritime lien rests on the principle that the
vessel is a legal entity itself, apart from its ownership.