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'SAROD-Ports'

2020 SEP 11

Preliminary   > Industry and Infrastructure   >   Miscellaneous   >   Applications

Why in news?

  • Union Minister of State for Shipping launched 'SAROD-Ports' (Society for Affordable Redressal of Disputes - Ports) through a virtual ceremony .

About SAROD:

  • SAROD-Port has been put together by the Concessioner and the Port Association.
  • It will designate an export team that will address and resolve all disputes between the port and the concessionaire working with the port.
  • It will also cover disputes between
    • Granting authority and Licensee/Concessionaire/Contractor
    • Licensee/Concessionaire and their contractors arising out of and during the course of execution of various contracts.
  • Recent amendments in the Model Concession Agreement (MCA) envisaged the constitution of SAROD-PORTS as a dispute resolution mechanism for PPP Projects in major ports

What is a concession agreement?

  • A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms.
  • Concessionaire is a person, group, or company to whom a concession has been granted.
  • A port concession is a contract in which a government transfers operating rights of the port to a private enterprise.

PRELIMS QUESTION

”SAROD” a portal recently launched is likely to improve ease of doing business in:
(a)IT industry
(b)Real Estate sector
(c)Ports sector
(d)Textile manufacturing sector

Answer to prelims question