No, suspension is usually temporary. The license may be restored once the company fulfills all regulatory requirements and receives approval from the authority.
We have got you covered:
Suspension of an MTO (Multimodal Transport Operator) license means the company is temporarily barred from operating under the MTO status due to non-compliance with legal or regulatory norms.
Common reasons include failure to maintain valid insurance cover, non-renewal of registration, violation of MTO regulations, or fraudulent practices.
No, companies with a suspended MTO license are not allowed to carry out MTO-related activities until the license is reactivated by the DG Shipping.
The company must rectify the compliance issues, submit necessary documents, and apply to the Directorate General of Shipping for license reinstatement.
No, suspension is usually temporary. The license may be restored once the company fulfills all regulatory requirements and receives approval from the authority.