Freight hedge

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... such terms and conditions as may be considered necessary, to enter into a freight derivative contract in an exchange or a market out side India to hedge the freight risk such person is exposed to. (ii) Notwithstanding anything contained in sub-regulation (i) an authorised dealer in India 2[specially authorised in that behalf by the Reserve Bank] may permit an oil refining company or a shipping co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X