The government is weighing a plan to ease nationality norms for registration of ships by allowing vessels that are substantially owned by Indian entities and those owned by overseas corporate Indians (OCI) and Limited Liability Partnerships (LLPs) to register under the Indian flag. Ships purchased through bare-boat-charter-cum- demise (BBCD) route will also be permitted to register in India before the end of the charter period. Currently, a BBCD ship is allowed be converted to an Indian flag ship only when the last instalment of the charter hire is paid to the overseas owner. Till then, it flies the flag of the jurisdiction where it is registered.

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