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.mystarting from 31 May 2019 until 29 June 2019 and the public can submit any written submission to the Commission.