Section 10 in New Mangalore Part Trust (Licensing of Stevedores) Regulation 2009
10. Validity / Renewal of licence.
- (i) The License will be valid for a period of three years from the issuance of Licence.(ii)The Licence will be strictly renewed on the basis of achieving minimum guaranteed throughout/prescribed performance parameters of 50,000 MT per annum assured during last 3 years and as fixed from time to time(iii)Application as per the prescribed proforma of the Port for renewal of Stevedores License shall be made at-least three month before the expiry of the license.(iv)If the Stevedore fulfils the required conditions and is eligible for renewal but awaiting safety clearance before expiry of the licerise period, Port may permit the stevedoring operation on execution of an indemnity bond.
