KUALA LUMPUR,   May 31 (Bernama) --  The Malaysia Competition Commission (MyCC) is currently in the final stage of assessment on the application of block exemption order (BEO) for Vessel Sharing Agreement (VSA) by the Malaysia Shipowners Association (MASA) and the Shipping Association of Malaysia (SAM) pursuant to Section 8 of the Competition Act 2010 (“hereinafter “the Act”).

After carrying out the assessment of the said application, the Commission has published the proposed block exemption order on the Commission’s website for thirty (30) days. This is to give public and stakeholders to express their opinion or views in relation to the purposed block exemption. The softcopy of the said purposed block exemption are made available on the Commission’s website at www.mycc.gov.my starting from 31 May 2019 until 29 June 2019 and the public can submit any written submission to the Commission.

“Previously, the Commission granted exemption on both VSA and VDA. However, this time the applicants only applied for the renewal of VSA exemption, thus the issue VDA is no longer relevant.  We urge the public and relevant stakeholders to submit their written submission via online and participate in physical public consultation which tentatively will be conducted on 13^th June 2019” said Iskandar Ismail, Chief Executive Officer of MyCC.

This proposed BEO only applies to transport services provided by liner operators in respect of ocean transport and shall not include any inland carriage of goods occurring as part of through transport including services provided by logistic providers, forwarders, depot operators, truckers, railroads, off-dock consolidation service providers, and off-dock storage and warehousing service providers, whether or not such entities are affiliated with liner operators.

About Malaysia Competition Commission (MyCC)

Established in June 2011, MyCC is an independent body responsible for enforcing the Competition Act 2010, which was implemented to create healthy competition which would in turn stimulate productivity and innovation, thus creating wider choices of products for consumers with better quality and reasonable prices.

The Act applies to all commercial activities undertaken within and outside Malaysia that affects competition in the Malaysian market. It provides a regulatory framework including powers to investigate, adjudicate and impose penalties on the perpetrators of the competition laws.

For more information on the Act and MyCC activities, log on to www.mycc.gov.my.

Click here for Annexe A

Source: The Malaysia Competition Commission (MyCC)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Noorliza Abdul Latiff
Communications & Advocacy Division
Tel: +603 2273 2277 (ext 111)
Faks: +603 2272 2293
Email:  noorliza@mycc.gov.my
Website: www.mycc.gov.my

--BERNAMA