"Adoption of Regulation 823/2000 renewing the block exemption for liner shipping consortia"* Commission Regulation (EC) No 823/2000 of 19 April 2000 [1] contains a block exemption for liner shipping consortia valid for five years. It renews the block exemption contained in Commission Regulation (EC) No 870/95 [2] the five year validity of which expired on 25 April 2000. The new Regulation makes some changes to the block exemption; these are described below. CONCEPT AND IMPORTANCE OF CONSORTIA A consortium is a grouping of shipping lines which cooperate to provide a joint liner shipping service. Consortia represent a method of organisation of liner maritime transport which came about following the introduction of containers at the end of the 1960s, which necessitated the construction
The EU Commission adopts regulation renewing the block exemption for liner shipping consortia
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