BB puts conditions for old ship import
Bangladesh Bank has directed ocean-going ship importers to collect no objection certificates from the ship building and ship recycling board (SBSRB) of Industries Ministry instead of from the department ocean transport for opening LC (letter of credit) for ship imports.
The Foreign Exchange Policy Department (FEPD) of Bangladesh Bank on Thursday issued a circular in this regard.
The decision was made in view to discouraging import of ocean-going ships to Bangladesh which is considered to pose threat to the environment as well as human health.
The no-objection certificates will have to be taken as per the ship breaking and ship recycling guidelines-2011, issued by the Industries Ministry on December 12, 2011, the circular said.
The Daily Sun/Bangladesh/ 10th Feb 2012
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