"Adoption of Regulation 823/2000 renewing the block exemption for liner shipping consortia"* Commission Regulation (EC) No 823/2000 of 19 April 2000  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  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
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