The Competition and Consumer Commission of Singapore (“CCCS“) is seeking public feedback on its proposed recommendation to renew the Competition (Block Exemption for Liner Shipping Agreements) Order (“LSA BEO“) for five years from 1 January 2025 to 31 December 2029. The LSA BEO would apply to the following Liner Shipping Agreements (“LSAs“): (i) Vessel sharing agreements for liner shipping services; and (ii) Price discussion agreements for feeder services.
The LSA BEO exempts the prescribed categories of LSAs from the prohibition under section 34 of the Competition Act 2004 against anti-competitive agreements, subject to certain conditions and obligations. CCCS is seeking feedback on the possible impact of the extension of the LSA BEO on the Singapore economy, as well as the current and impending usage of LSAs which involve inland carriage of goods occurring as part of through transport.
The closing date for submissions is 17 June 2024. This Update highlights the key features of CCCS’ proposed recommendation to extend the LSA BEO.
For more information, click here to read the full Legal Update.
