6. Grace period
Feedback & supportWhere the parties to a liner shipping agreement exceed the market share limit but do not satisfy paragraph 5(2), the exemption under paragraph 5(1), if applicable, shall continue to apply for a period of 6 months following the end of the calendar year during which the limit was exceeded.
The period in sub-paragraph (1) shall be extended for another 6 months if the excess is due to the withdrawal from the market of an undertaking which is not a party to the liner shipping agreement.
After the expiry of the period referred to in sub-paragraph (1) or (2), as the case may be, the exemption under paragraph 5(1) shall cease to apply.
Subregulation 1
Where the parties to a liner shipping agreement exceed the market share limit but do not satisfy paragraph 5(2), the exemption under paragraph 5(1), if applicable, shall continue to apply for a period of 6 months following the end of the calendar year during which the limit was exceeded.
Subregulation 2
The period in sub-paragraph (1) shall be extended for another 6 months if the excess is due to the withdrawal from the market of an undertaking which is not a party to the liner shipping agreement.
Subregulation 3
After the expiry of the period referred to in sub-paragraph (1) or (2), as the case may be, the exemption under paragraph 5(1) shall cease to apply.