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Some of the deficiencies identified by the dry run are irregular shipping services from India to Iran, lack of insurance coverage for Bill of Lading, Non Vessel Owner Container Carrier (NVOCC) required etc. .
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Since INSTC Agreement is a multilateral agreement, the measures to rectify these deficiencies and tentative timeframe decided for operationalizing the INSTC require discussion with the concerned stakeholders. .
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This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. .
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