The Lithuanian Competition Council fines ship agency companies and the shipbrokers and agents association for concluding prohibited agreement in the market of ship agency services (Lithuanian Shipbrokers and Agents Association)

Lithuania: Competition Council imposes Fines totalling € 3 383 891 on Ship Agency Companies and the Lithuanian Shipbrokers and Agents Association* On 8 December 2011, the Lithuanian Competition Council (CC) fined 32 ship agency companies and the Lithuanian Shipbrokers and Agents Association for concluding prohibited agreement in the market of ship agency services. According to the Lithuanian Maritime Shipping Law the ship agency services include: mediation in the acquisition and transfer of ships; mediation in conclusion of the charter party and supervision of its enforcement; payment and collection of freight, port charges and other fees; handling of freight and customs documentation and other related activities;

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European Competition Network Brief, The Lithuanian Competition Council fines ship agency companies and the shipbrokers and agents association for concluding prohibited agreement in the market of ship agency services (Lithuanian Shipbrokers and Agents Association), 8 December 2011, e-Competitions Bulletin December 2011, Art. N° 44223

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