Submission of statements by Indian Shipping Companies
8B.18
Head Offices of Indian shipping companies operating ocean-going vessels should, in addition to the statement in form SPM 3 [see paragraph 24 of the Guidelines (Annexure III)], submit to Reserve Bank the following statements (in duplicate).
Description
Periodicity
Form
1.
Statement of earnings and disbursements at foreign and Indian ports and net repatriation to India
Quarterly
SPG 1
2.
Operations on foreign currency account/s maintained with overseas banks
SPG 2
3.
Charter hire earnings and disbursements of company's vessels on Time/Voyage Charters
SPG 3
4.
Foreign exchange receipts and expenditure on foreign vessels chartered
SPG 4