Singapore legislation
Regulation 4
of Competition (Block Exemption for Liner Shipping Agreements) Order
Regulation 4
Market share limit
Subregulation 1
For the purpose of this Order, the parties to a liner shipping agreement do not exceed the market share limit if they hold, in a market, an aggregate market share of not more than 50% calculated by reference to —
the volume of goods carried; or
the aggregate cargo carrying capacity of the vessels operating in the market measured by freight tonnes or 20-foot equivalent units.
Subregulation 2
The parties to a liner shipping agreement shall be deemed not to exceed the market share limit if they hold, in a market, an aggregate market share of not more than 55% calculated by reference to the matters referred to in sub-paragraph (1)(a) or (b) for a period of not more than 2 consecutive calendar years.