Limitation on carriage of cargoes of sea-borne trade
3. Notwithstanding anything contained in any other law for the time being in force, at least forty per cent of the sea-borne cargoes relating to foreign trade of Bangladesh shall, subject to the other provisions of this Ordinance, be carried by Bangladesh f lag vessels:
Provided that this limitation shall not apply to-
(a) any cargo which is required to be carried by any vessel in accordance with any reciprocal arrangement made between the two trading partners; or
(b) any cargo in respect of which a certificate of waiver is issued by the Prescribed Authority [; or]
[(c) any cargo in respect of which a general waiver is announced by the Prescribed Authority.]
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