Fair Competition Policy
Modern Terminals is dedicated to compliance with
applicable competition laws and to promoting fair competition for the
sustainable development of the industry and the benefit of customers.
a leading container port operator in Asia, Modern Terminals’ uncompromising
standards and world class services are cherished by customers and stakeholders.
In this context, promotion of a fair competition environment serves the
interests of Modern Terminals and our trading partners as it provides the best
opportunity for the most competitive services and pricing to prevail in the
with competition law regimes is not just a commitment made by the Board of
Modern Terminals, it is also the responsibility of all our employees. Therefore
each of us has a key role to play in promoting this policy.
addition to the general duty of Modern Terminals and our employees to adhere to
all applicable legal requirements, Modern Terminals and our employees are bound
by the following key principles, which underpin Modern Terminals Fair
1. No improper collusion
will not participate in any form of anti-competitive collusion with
competitors, including communications which may lead to price-fixing or market
2. No unlawful restrictions
will not impose on trading partners restrictive conditions which are
anti-competitive and unlawful, or accept the imposition of such conditions on
3. No misuse of market power
will always ensure that we use our market position for pro-competitive
purposes. We will not misuse any market position we may hold from time to time
for the purpose of restricting competition.
4. No dishonest dealings
will act honestly with our customers, suppliers and trading partners and will
not engage in conduct which is misleading or deceptive.
Modern Terminals employees are required to adhere to these key principles at
all times, and to use these key principles to guide their decision-making and
conduct. Where employees are unsure about whether proposed decisions or conduct
conform to these key principles, they should consult with management in
with this policy by each employee will ensure Modern Terminals continues to be
recognized as a leading operator and will support the continued growth of our
business in conjunction with our valued trading partners.